Fidelity National Information Services (NYSE:FIS) Now Covered by The Goldman Sachs Group

Equities researchers at The Goldman Sachs Group started coverage on shares of Fidelity National Information Services (NYSE:FIS) in a report issued on Monday. The firm set a “buy” rating and a $70.00 price target on the information technology services provider’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 38.53% from the stock’s current price.

A number of other brokerages also recently commented on FIS. Cantor Fitzgerald assumed coverage on Fidelity National Information Services in a research report on Tuesday, January 27th. They set an “overweight” rating and a $72.00 price objective for the company. Royal Bank Of Canada decreased their price target on shares of Fidelity National Information Services from $86.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a report on Thursday, January 22nd. Stephens dropped their price objective on shares of Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, January 16th. Finally, BNP Paribas Exane reduced their price objective on shares of Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating on the stock in a report on Tuesday, January 20th. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus price target of $69.86.

Fidelity National Information Services Stock Down 1.9%

NYSE:FIS traded down $0.96 during midday trading on Monday, reaching $50.53. The company had a trading volume of 707,526 shares, compared to its average volume of 4,927,873. The firm has a market capitalization of $25.99 billion, a price-to-earnings ratio of 69.22, a PEG ratio of 0.50 and a beta of 0.90. The stock’s fifty day simple moving average is $56.45 and its 200-day simple moving average is $62.89. Fidelity National Information Services has a 12-month low of $46.16 and a 12-month high of $82.74. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.01). The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.74 billion. Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.40 earnings per share. Fidelity National Information Services has set its Q1 2026 guidance at 1.260-1.300 EPS and its FY 2026 guidance at 6.220-6.320 EPS. On average, sell-side analysts anticipate that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 941 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The shares were purchased at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the purchase, the director directly owned 14,529 shares of the company’s stock, valued at $931,454.19. The trade was a 6.93% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Institutional Trading of Fidelity National Information Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pinnacle Bancorp Inc. increased its position in Fidelity National Information Services by 21.9% during the third quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock worth $55,000 after buying an additional 150 shares during the period. BOKF NA grew its position in shares of Fidelity National Information Services by 0.6% during the third quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock worth $1,848,000 after acquiring an additional 159 shares during the last quarter. Fiduciary Trust Co increased its holdings in shares of Fidelity National Information Services by 4.9% in the 3rd quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock valued at $228,000 after acquiring an additional 161 shares during the period. Wealthspire Advisors LLC increased its holdings in shares of Fidelity National Information Services by 3.1% in the 2nd quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock valued at $442,000 after acquiring an additional 162 shares during the period. Finally, FJ Capital Management LLC raised its position in Fidelity National Information Services by 4.7% in the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock valued at $293,000 after purchasing an additional 163 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Company Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.