Fidelity National Information Services (NYSE:FIS) Cut to Neutral at Bank of America

Fidelity National Information Services (NYSE:FIS) was downgraded by analysts at Bank of America from a “buy” rating to a “neutral” rating in a research note issued on Thursday, Briefing.com reports. They presently have a $33.00 target price on the information technology services provider’s stock. Bank of America‘s target price would suggest a potential upside of 10.48% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Raymond James Financial restated an “outperform” rating and set a $35.00 price objective on shares of Fidelity National Information Services in a research report on Wednesday. JPMorgan Chase & Co. cut Fidelity National Information Services from an “overweight” rating to a “neutral” rating and set a $38.00 target price on the stock. in a report on Wednesday. National Bank Financial set a $46.00 target price on shares of Fidelity National Information Services in a research report on Thursday. TD Cowen lowered their price target on shares of Fidelity National Information Services from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 9th. Finally, Cantor Fitzgerald lowered their price target on shares of Fidelity National Information Services from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Nine analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $46.00.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $29.87 on Thursday. The company has a market capitalization of $15.44 billion, a price-to-earnings ratio of 4.59, a PEG ratio of 0.46 and a beta of 0.84. Fidelity National Information Services has a twelve month low of $29.15 and a twelve month high of $68.37. The stock has a fifty day simple moving average of $36.70 and a 200 day simple moving average of $43.48. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.60 by $0.01. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.43 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. The business’s quarterly revenue was up 27.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.51 EPS. Sell-side analysts expect that Fidelity National Information Services will post 6.20 EPS for the current year.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey Goldstein bought 1,585 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The stock was acquired at an average price of $36.40 per share, with a total value of $57,694.00. Following the completion of the purchase, the director directly owned 18,697 shares of the company’s stock, valued at approximately $680,570.80. This trade represents a 9.26% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter worth approximately $1,730,200,000. South Dakota Investment Council lifted its position in shares of Fidelity National Information Services by 46.2% during the 1st quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider’s stock valued at $10,696,000 after acquiring an additional 72,040 shares during the period. Bank of Nova Scotia acquired a new position in shares of Fidelity National Information Services during the 2nd quarter valued at $2,448,000. Nykredit A S bought a new position in Fidelity National Information Services during the second quarter worth $5,143,000. Finally, OMERS ADMINISTRATION Corp bought a new position in Fidelity National Information Services during the second quarter worth $10,891,000. 96.23% of the stock is owned by institutional investors and hedge funds.

More Fidelity National Information Services News

Here are the key news stories impacting Fidelity National Information Services this week:

• Positive Sentiment: FIS reported third-quarter adjusted EPS of $1.61 versus the $1.60 consensus estimate, while revenue of $3.45 billion topped expectations of $3.43 billion and rose 27.1% year over year. FIS Reports Third Quarter 2026 Results
• Neutral Sentiment: FIS says client demand remains strong and is continuing to invest in security and innovation, though the near-term impact of these investments and delayed projects remains a concern. FIS Cuts Banking Growth Outlook Amid Project Delays
• Negative Sentiment: The company cut its 2026 adjusted EPS outlook to $5.82–$5.89, below the FactSet estimate of $6.20. It also reduced its 2026 Banking Solutions growth forecast to 3.5%–4% from 5%–5.5%, citing delayed client conversions and bank-consolidation timing. FIS 2026 Adjusted EPS Outlook
• Negative Sentiment: CFO James Kehoe will step down effective November 5, with CFO duties passing to interim appointee Alexandra Brooks. The timing adds uncertainty as investors assess the lowered outlook. FIS Announces CFO Transition
• Negative Sentiment: FIS is halting buybacks and some M&A to focus on reducing debt, limiting near-term capital returns. JPMorgan, Oppenheimer and William Blair also cut their ratings, reflecting reduced confidence after the guidance reset. FIS Halts Buybacks and Some M&A

About Fidelity National Information Services

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, services and technology infrastructure to banks, financial institutions, merchants and other businesses. Its solutions are designed to support transaction processing, digital banking, payments, risk management and other essential financial operations.

FIS offers core banking and digital banking platforms, card and payment processing services, fraud and financial crime prevention tools, and technologies that help financial institutions manage accounts, lending and other banking activities.