Fidelity National Information Services (NYSE:FIS) Stock Rating Cut to “Market Perform” at William Blair

William Blair downgraded shares of Fidelity National Information Services (NYSE:FIS) from an outperform rating to a market perform rating in a research note issued to investors on Wednesday, Marketbeat reports.

FIS has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Fidelity National Information Services from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday, September 29th. Morgan Stanley assumed coverage on shares of Fidelity National Information Services in a research report on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 price target on the stock. Truist Financial decreased their price objective on shares of Fidelity National Information Services from $43.00 to $37.00 and set a “hold” rating on the stock in a research note on Friday, October 23rd. Citigroup dropped their price objective on shares of Fidelity National Information Services from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, October 16th. Finally, Piper Sandler initiated coverage on shares of Fidelity National Information Services in a report on Friday, September 11th. They set a “neutral” rating and a $42.00 price objective for the company. Ten research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and a consensus target price of $46.96.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS opened at $29.87 on Wednesday. The business’s fifty day moving average price is $36.70 and its two-hundred day moving average price is $43.48. Fidelity National Information Services has a fifty-two week low of $29.15 and a fifty-two week high of $68.37. The stock has a market capitalization of $15.44 billion, a price-to-earnings ratio of 4.59, a price-to-earnings-growth ratio of 0.46 and a beta of 0.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.01. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 27.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.51 earnings per share. As a group, analysts predict that Fidelity National Information Services will post 6.20 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 5.9%. The ex-dividend date is Monday, December 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 27.04%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey Goldstein bought 1,585 shares of the company’s stock in a transaction on Thursday, October 15th. The stock was bought at an average cost of $36.40 per share, with a total value of $57,694.00. Following the completion of the purchase, the director owned 18,697 shares in the company, valued at approximately $680,570.80. The trade was a 9.26% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.28% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Several hedge funds have recently modified their holdings of FIS. BlackRock Inc. bought a new stake in shares of Fidelity National Information Services during the second quarter worth $1,730,200,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Fidelity National Information Services during the second quarter valued at $219,162,000. Bank of America Corp DE bought a new position in Fidelity National Information Services in the second quarter valued at about $189,387,000. Legal & General Group Plc bought a new position in Fidelity National Information Services in the second quarter valued at about $129,815,000. Finally, Perpetual Ltd increased its position in Fidelity National Information Services by 32.9% in the third quarter. Perpetual Ltd now owns 3,262,131 shares of the information technology services provider’s stock worth $107,324,000 after purchasing an additional 807,482 shares during the period. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services News Roundup

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

• Positive Sentiment: FIS reported Q3 adjusted EPS of $1.61 versus the $1.60 consensus, while revenue of $3.45 billion topped estimates of $3.43 billion and rose 27.1% year over year. Banking strength supported the results. FIS Q3 results
• Negative Sentiment: The company cut its 2026 adjusted EPS outlook to $5.82–$5.89, below the roughly $6.20 analyst estimate. It also lowered its pro forma Banking Solutions revenue-growth forecast to 3.5%–4% from 5%–5.5%, citing delayed client conversions, project timing and increased technology spending. Banking growth outlook
• Negative Sentiment: Reports highlighted a soft fourth-quarter outlook on an organic basis. FIS is also halting share buybacks and some M&A as it focuses on deleveraging, making slower growth more concerning given its debt burden. Buybacks and M&A
• Negative Sentiment: CFO James Kehoe will step down effective November 5, with Alexandra Brooks named interim CFO. The transition adds uncertainty amid the outlook reset. JPMorgan, William Blair and Oppenheimer also downgraded the stock. CFO transition
• Neutral Sentiment: Levi & Korsinsky announced an investigation on behalf of shareholders who lost money following the outlook cut. The notice is an investigation announcement, not a finding of wrongdoing. Investigation notice

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.