TD Cowen Issues Pessimistic Forecast for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS) had its price target dropped by TD Cowen from $47.00 to $38.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the information technology services provider’s stock. TD Cowen‘s price objective indicates a potential upside of 32.57% from the company’s current price.

Several other research analysts have also recently weighed in on FIS. Bank of America cut shares of Fidelity National Information Services from a “buy” rating to a “neutral” rating and lowered their price target for the company from $42.00 to $33.00 in a research report on Thursday. Stephens initiated coverage on shares of Fidelity National Information Services in a research note on Tuesday, August 11th. They set an “equal weight” rating and a $50.00 target price on the stock. Truist Financial decreased their target price on shares of Fidelity National Information Services from $43.00 to $37.00 and set a “hold” rating on the stock in a report on Friday, October 23rd. Citigroup dropped their price target on shares of Fidelity National Information Services from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, October 16th. Finally, Oppenheimer downgraded shares of Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $42.20.

Fidelity National Information Services Trading Down 2.5%

NYSE FIS traded down $0.72 on Thursday, reaching $28.66. 11,110,789 shares of the company were exchanged, compared to its average volume of 5,734,265. The business’s fifty day moving average price is $36.23 and its 200 day moving average price is $43.15. The stock has a market capitalization of $14.82 billion, a P/E ratio of 4.28, a price-to-earnings-growth ratio of 0.47 and a beta of 0.84. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. Fidelity National Information Services has a fifty-two week low of $28.39 and a fifty-two week high of $68.37.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the prior year, the business earned $1.51 EPS. The firm’s quarterly revenue was up 27.1% on a year-over-year basis. Analysts forecast that Fidelity National Information Services will post 5.89 earnings per share for the current year.

Insider Activity

In related news, Director Jeffrey Goldstein acquired 1,585 shares of Fidelity National Information Services stock in a transaction that occurred on Thursday, October 15th. The shares were purchased at an average cost of $36.40 per share, for a total transaction of $57,694.00. Following the acquisition, the director owned 18,697 shares in the company, valued at approximately $680,570.80. This represents a 9.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Fidelity National Information Services in the 2nd quarter worth approximately $1,730,200,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Fidelity National Information Services during the 2nd quarter worth approximately $219,162,000. Bank of America Corp DE acquired a new stake in Fidelity National Information Services in the 2nd quarter valued at approximately $189,387,000. Legal & General Group Plc purchased a new position in shares of Fidelity National Information Services during the second quarter worth $129,815,000. Finally, Deutsche Bank AG purchased a new position in shares of Fidelity National Information Services during the second quarter worth $111,205,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Key Fidelity National Information Services News

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

• Neutral Sentiment: Some analysts still see potential upside: TD Cowen, Goldman Sachs and Keefe, Bruyette & Woods retained positive ratings, although each reduced its price target. TD Cowen rating
• Negative Sentiment: FIS lowered its fiscal 2026 outlook, a key catalyst behind the selloff. The company also said CFO James Kehoe will step down, with Alexandra Brooks named interim CFO—adding uncertainty during a period of weaker expectations. FIS outlook and CFO transition
• Negative Sentiment: Analyst sentiment has broadly weakened. Argus and Wolfe Research cut their ratings to Hold; Bank of America, JPMorgan, RBC and others also moved to more cautious ratings. UBS, Citi, Barclays, Piper Sandler and several peers lowered price targets, signaling reduced expectations. Argus downgrade
• Negative Sentiment: Bank of America cited the possibility of delayed capital returns as an additional concern, while shareholder-law firms announced investigations into potential securities claims. These notices are not findings of wrongdoing, but may add reputational and legal uncertainty. BofA downgrade and capital-return concern

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.