Cantor Fitzgerald Lowers Fidelity National Information Services (NYSE:FIS) Price Target to $50.00

Fidelity National Information Services (NYSE:FIS) had its price objective decreased by analysts at Cantor Fitzgerald from $55.00 to $50.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the information technology services provider’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 16.88% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Stephens reduced their target price on shares of Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. The Goldman Sachs Group cut their price target on shares of Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating for the company in a report on Monday, May 11th. Truist Financial lowered their price objective on Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, July 24th. UBS Group reiterated a “neutral” rating and set a $49.00 target price (down from $63.00) on shares of Fidelity National Information Services in a research report on Wednesday, August 5th. Finally, Morgan Stanley initiated coverage on Fidelity National Information Services in a report on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 price target for the company. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.32.

Fidelity National Information Services Trading Up 0.0%

NYSE:FIS opened at $42.78 on Monday. Fidelity National Information Services has a 12-month low of $37.42 and a 12-month high of $72.91. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. The stock’s 50 day simple moving average is $41.14 and its 200-day simple moving average is $45.86. The firm has a market cap of $22.11 billion, a P/E ratio of 6.57, a PEG ratio of 0.42 and a beta of 0.77.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period last year, the company earned $1.36 earnings per share. The company’s revenue for the quarter was up 29.1% on a year-over-year basis. Fidelity National Information Services has set its FY 2026 guidance at 6.150-6.240 EPS and its Q3 2026 guidance at 1.580-1.620 EPS. Equities analysts anticipate that Fidelity National Information Services will post 6.19 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new position in Fidelity National Information Services in the 4th quarter valued at approximately $347,000. Geneos Wealth Management Inc. boosted its position in Fidelity National Information Services by 70.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after purchasing an additional 431 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Fidelity National Information Services in the second quarter valued at $302,000. Marshall Wace LLP acquired a new stake in Fidelity National Information Services in the second quarter valued at $4,896,000. Finally, Cresset Asset Management LLC increased its position in shares of Fidelity National Information Services by 20.5% in the second quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock valued at $431,000 after buying an additional 901 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

About Fidelity National Information Services

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.