Barclays Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $38.00

Fidelity National Information Services (NYSE:FIS) had its price target reduced by equities researchers at Barclays from $43.00 to $38.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the information technology services provider’s stock. Barclays‘s price objective suggests a potential upside of 10.95% from the stock’s previous close.

A number of other research firms have also recently commented on FIS. Wolfe Research boosted their target price on shares of Fidelity National Information Services from $53.00 to $54.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Citigroup reduced their target price on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Piper Sandler assumed coverage on Fidelity National Information Services in a research note on Friday, September 11th. They issued a “neutral” rating and a $42.00 price target on the stock. Royal Bank Of Canada dropped their price target on Fidelity National Information Services from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. Finally, Robert W. Baird lowered their target price on shares of Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, September 25th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $52.52.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded down $0.09 on Friday, reaching $34.25. The company’s stock had a trading volume of 458,957 shares, compared to its average volume of 6,043,478. The company has a market capitalization of $17.70 billion, a P/E ratio of 5.26, a PEG ratio of 0.36 and a beta of 0.81. Fidelity National Information Services has a 52-week low of $32.10 and a 52-week high of $69.04. The stock has a 50-day moving average price of $39.01 and a 200-day moving average price of $41.76. 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 Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The business’s revenue was up 29.1% on a year-over-year basis. During the same quarter last year, the firm posted $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. Analysts expect that Fidelity National Information Services will post 6.2 EPS for the current year.

Hedge Funds Weigh In On Fidelity National Information Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at $1,730,200,000. OP Asset Management Ltd acquired a new position in Fidelity National Information Services in the 1st quarter valued at about $2,509,000. South Dakota Investment Council increased its stake in Fidelity National Information Services by 46.2% during 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 purchasing an additional 72,040 shares during the period. Bank of Nova Scotia acquired a new stake in shares of Fidelity National Information Services during the second quarter worth about $2,448,000. Finally, Nykredit A S purchased a new position in shares of Fidelity National Information Services in the second quarter valued at approximately $5,143,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

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.