Fidelity National Information Services (NYSE:FIS) Downgraded by Royal Bank Of Canada to Sector Perform

Royal Bank Of Canada lowered shares of Fidelity National Information Services (NYSE:FIS) from an outperform rating to a sector perform rating in a report published on Thursday, MarketBeat.com reports. The firm currently has $37.00 price objective on the information technology services provider’s stock, down from their prior price objective of $53.00.

FIS has been the subject of a number of other reports. Barclays lowered their target price on Fidelity National Information Services from $43.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, October 9th. Piper Sandler started coverage on shares of Fidelity National Information Services in a research report on Friday, September 11th. They set a “neutral” rating and a $42.00 price target on the stock. Raymond James Financial restated an “outperform” rating and issued a $35.00 price objective on shares of Fidelity National Information Services in a research report on Wednesday. Wells Fargo & Company cut shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $58.00 to $46.00 in a research report on Tuesday, August 25th. Finally, William Blair downgraded shares of Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Nine 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. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of “Hold” and a consensus price target of $42.88.

Fidelity National Information Services Trading Down 1.2%

FIS stock opened at $29.40 on Thursday. The business has a fifty day moving average price of $36.47 and a 200 day moving average price of $43.31. Fidelity National Information Services has a fifty-two week low of $28.86 and a fifty-two week high of $68.37. The stock has a market capitalization of $15.20 billion, a price-to-earnings ratio of 4.39, a P/E/G ratio of 0.36 and a beta of 0.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.55 and a quick ratio of 0.53.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data 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. The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.43 billion. Fidelity National Information Services had a return on equity of 20.42% and a net margin of 26.77%. The business’s revenue for the quarter was up 27.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS. Analysts expect that Fidelity National Information Services will post 5.96 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced 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 of this dividend is Monday, December 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is 27.04%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey Goldstein bought 1,585 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was bought at an average price of $36.40 per share, for a total transaction of $57,694.00. Following the completion of the transaction, the director directly owned 18,697 shares in the company, valued at $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 at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is currently owned by insiders.

Institutional Trading of Fidelity National Information Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Fidelity National Information Services during the 2nd quarter valued at about $1,730,200,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Fidelity National Information Services in the 2nd quarter valued at about $219,162,000. Bank of America Corp DE bought a new position in shares of Fidelity National Information Services in the 2nd quarter valued at about $189,387,000. Legal & General Group Plc acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter worth approximately $129,815,000. Finally, Deutsche Bank AG acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter worth approximately $111,205,000. 96.23% of the stock is currently 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 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.