Cantor Fitzgerald Cuts FIS Price Target to $45

Cantor Fitzgerald has reiterated its Overweight rating on Fidelity National Information Services, Inc. (NYSE: FIS) and adjusted its price target to $45 from $50. This update, published on October 16, 2026, comes as the stock trades at $36.06, reflecting a potential upside for investors based on the new target.

Other Institutional Activity in Fidelity National Information Services

Dodge & Cox Inc. holds 49,069,080 shares of Fidelity National, valued at about $1.75 billion, after a minor reduction of 4,907 shares. Blackrock Inc. reduced its position significantly, trimming 12,507,723 shares to hold 44,501,041 shares worth approximately $1.59 billion. Vanguard Capital Management LLC increased its stake slightly, adding 214,559 shares for a total of 33,739,392 shares valued at around $1.21 billion. Meanwhile, JPMorgan Chase & Co. cut its holdings by 11,135,388 shares, lowering its total to 26,586,116 shares worth about $949.7 million. State Street Corporation grew its holdings by 525,874 shares, reaching 25,808,254 shares valued at around $921.9 million.

Fidelity National Information Services, Inc. Stock Down 0.2%

As of Friday, the stock is priced at $36.06, which is quite a bit lower than the 52-week high of $69.14. The stock is also near its 52-week low of $35.19, which may signal a bargain for some investors. The company has a market cap of approximately $18.15 billion and a P/E ratio of 5.41, suggesting it is trading at a relatively low valuation compared to its earnings.

Recent Earnings

Fidelity National Information Services reported a revenue of approximately $12.2 billion and an earnings per share (EPS) of $6.51. The company has demonstrated a revenue growth rate of 29.1% and a net margin of 27.6%. The next earnings report is expected on November 4, 2026.

Dividend

Fidelity National pays an annual dividend of $1.76, yielding about 4.94%. Its dividend payout ratio is 25.81%, indicating a sustainable dividend relative to earnings.

Insider Buying and Selling at Fidelity National Information Services, Inc.

Insider transactions show activity from several directors. Jeffrey A. Goldstein, a Director, bought 1,386 shares at an average price of $41.39 on July 15, 2026, totaling about $57,367. Earlier, on April 15, 2026, Goldstein also purchased 1,197 shares at $47.39 for roughly $56,726. CEO Stephanie Ferris bought 19,846 shares at $50.39 on March 5, 2026, valued at about $1 million. Goldstein purchased 941 shares at $64.11 on January 15, 2026, totaling around $60,328.

Analysts Set New Price Targets

On October 16, 2026, Cantor Fitzgerald maintained its Overweight rating on Fidelity National with a new price target of $45, down from $50. Susquehanna also maintained a Neutral rating but lowered its target to $37 from $46 on October 13. Goldman Sachs kept its Buy rating and set a target of $44, reduced from $52 on the same day. TD Cowen maintained its Buy rating with a price target of $47, down from $53, while Barclays maintained its Equal-Weight rating with a newly set target of $38, down from $43.

About Fidelity National Information Services

Fidelity National Information Services, Inc. is a technology company that provides solutions for financial institutions, businesses, and developers. They offer various services including mobile and online banking, fraud management, and payment processing. This rating adjustment comes as the company continues to navigate a challenging market environment and may position it for future growth.

Bottom Line

Investors should keep an eye on Fidelity National's upcoming earnings report on November 4, 2026, as it may impact future analyst ratings and price targets. The 13F filing from Cantor Fitzgerald reflects past positions as of June 30, 2026, and may not represent their current view.