Cantor Fitzgerald Has Lowered Expectations for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS) had its target price decreased by stock analysts at Cantor Fitzgerald from $50.00 to $45.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the information technology services provider’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 24.46% from the company’s current price.

Several other brokerages have also recently commented on FIS. Robert W. Baird reduced their price objective on shares of Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, September 25th. TD Cowen lowered their target price on shares of Fidelity National Information Services from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Stephens reaffirmed an “equal weight” rating and issued a $50.00 target price on shares of Fidelity National Information Services in a report on Tuesday, August 11th. Finally, The Goldman Sachs Group reduced their price target on shares of Fidelity National Information Services from $52.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday. Eleven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $49.72.

Fidelity National Information Services Trading Up 1.9%

NYSE:FIS opened at $36.16 on Friday. Fidelity National Information Services has a 1 year low of $32.10 and a 1 year high of $68.98. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a fifty day moving average price of $38.13 and a two-hundred day moving average price of $41.30. The stock has a market capitalization of $18.69 billion, a price-to-earnings ratio of 5.88, a PEG ratio of 0.38 and a beta of 0.81.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.47 by $0.01. The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The business’s revenue was up 29.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.36 EPS. 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. As a group, sell-side analysts anticipate that Fidelity National Information Services will post 6.20 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fidelity National Information Services

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Fidelity National Information Services in the 2nd quarter valued at approximately $1,730,200,000. OP Asset Management Ltd acquired a new stake in Fidelity National Information Services in the 1st quarter worth about $2,509,000. South Dakota Investment Council boosted its position in shares of Fidelity National Information Services by 46.2% in the first quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider’s stock worth $10,696,000 after acquiring an additional 72,040 shares during the last quarter. Bank of Nova Scotia acquired a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $2,448,000. Finally, Nykredit A S acquired a new position in Fidelity National Information Services in the second quarter valued at $5,143,000. 96.23% of the stock is owned by institutional investors and hedge funds.

About Fidelity National Information Services

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, payments, and transaction-processing solutions to financial institutions, businesses, and other organizations. Its offerings help clients manage banking operations, digital accounts, payments, risk, compliance, and customer relationships.

FIS provides core processing and digital banking platforms, payment processing and merchant solutions, fraud and security tools, and technology for lending, wealth management, and capital markets.