Fidelity National Information Services (NYSE:FIS) Given New $30.00 Price Target at Citigroup

Fidelity National Information Services (NYSE:FIS) had its price target trimmed by Citigroup from $39.00 to $30.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the information technology services provider’s stock.

Several other equities analysts have also recently issued reports on the company. The Goldman Sachs Group decreased their price objective on Fidelity National Information Services from $44.00 to $35.00 and set a “buy” rating for the company in a report on Thursday. TD Cowen dropped their target price on shares of Fidelity National Information Services from $47.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft lowered their price target on Fidelity National Information Services from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Tuesday, September 29th. Oppenheimer cut shares of Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, National Bank Financial set a $46.00 price target on Fidelity National Information Services in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Fidelity National Information Services presently has an average rating of “Hold” and a consensus target price of $42.88.

Fidelity National Information Services Trading Down 1.2%

NYSE FIS opened at $29.40 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $36.47 and a two-hundred day simple moving average of $43.31. Fidelity National Information Services has a 12-month low of $28.86 and a 12-month high of $68.37. The stock has a market cap of $15.20 billion, a P/E ratio of 4.39, a P/E/G ratio of 0.36 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.01. Fidelity National Information Services had a return on equity of 20.42% and a net margin of 26.77%. The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the firm posted $1.51 EPS. The firm’s revenue was up 27.1% compared to the same quarter last year. On average, analysts forecast that Fidelity National Information Services will post 5.96 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 28th. Stockholders of record on Monday, December 14th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Monday, December 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 27.04%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey Goldstein bought 1,585 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was purchased at an average cost of $36.40 per share, with a total value of $57,694.00. Following the purchase, the director directly owned 18,697 shares of the company’s stock, valued at $680,570.80. This trade represents a 9.26% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently made changes to their positions in FIS. BlackRock Inc. acquired a new stake in Fidelity National Information Services in the second quarter valued at approximately $1,730,200,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Fidelity National Information Services during the 2nd quarter worth approximately $219,162,000. Bank of America Corp DE acquired a new position in Fidelity National Information Services during the 2nd quarter worth approximately $189,387,000. Legal & General Group Plc purchased a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $129,815,000. Finally, Perpetual Ltd increased its position in shares of Fidelity National Information Services by 32.9% in the 3rd quarter. Perpetual Ltd now owns 3,262,131 shares of the information technology services provider’s stock valued at $107,324,000 after purchasing an additional 807,482 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Key Headlines Impacting Fidelity National Information Services

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

• Positive Sentiment: FIS reported third-quarter adjusted earnings of $1.61 per share, slightly above the $1.60 consensus, while revenue of $3.45 billion also topped expectations and rose 27.1% year over year. FIS Reports Third Quarter 2026 Results
• Neutral Sentiment: Some analysts still see potential upside from current levels: TD Cowen maintained a Buy rating with a $38 target, and Goldman Sachs retained Buy with a $35 target. Both firms lowered their targets, however, reflecting a more cautious outlook. TD Cowen recommendations
• Negative Sentiment: FIS cut its 2026 adjusted EPS outlook to $5.82–$5.89, below the roughly $6.20 analyst estimate. It also reduced its Banking Solutions revenue-growth forecast to 3.5%–4% from 5%–5.5%, citing delayed client conversions and bank consolidation. FIS Cuts Banking Growth Outlook Amid Project Delays
• Negative Sentiment: The company plans to pause share buybacks and limit some M&A as it focuses on deleveraging, reducing a potential source of shareholder returns. FIS Plunges as Fintech Halts Buybacks, Some M&A to Deleverage
• Negative Sentiment: CFO James Kehoe is stepping down, with Alexandra Brooks named interim CFO. The leadership change adds uncertainty amid the outlook reduction. FIS Announces CFO Transition
• Negative Sentiment: Several firms downgraded FIS or sharply reduced price targets, including Bank of America and RBC; the wave of revisions signals diminished confidence despite targets generally remaining above the cited share price. Bank of America recommendations

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.