Goldman Sachs Cuts FIS Price Target to $44

Goldman Sachs has reiterated its Buy rating on Fidelity National Information Services, Inc. (FIS) and set a new price target of $44 on October 13, 2026. This marks a decrease from the previous target of $52.

With shares recently trading at $36.06 as of October 16, 2026, they are now about 18% below Goldman Sachs' new target. This gap suggests potential upside for investors if the stock moves closer to the revised target.

Other Institutional Activity in FIS

Dodge & Cox Inc. holds a position of nearly 49.1 million shares in Fidelity National, but reduced its stake by 4,907 shares. Blackrock Inc. trimmed its holdings by 12.5 million shares, bringing its total to about 44.5 million shares. Vanguard Capital Management LLC increased its position slightly, adding 214,559 shares to hold about 33.7 million shares. Meanwhile, JPMorgan Chase & Co. cut its stake by 11.1 million shares, now holding about 26.6 million shares, while State Street Corporation grew its holdings by 525,874 shares, ending with approximately 25.8 million shares.

Fidelity National Information Services, Inc. Stock Down 0.2%

Fidelity National Information Services shares are trading below the new price target, which could indicate a buying opportunity for some investors. The stock has experienced volatility, and with a recent price of $36.06, it sits significantly lower than the revised analyst target.

Recent Earnings

Fidelity National reported trailing twelve-month revenue of about $12.2 billion and an EPS of $6.51. The company has shown strong revenue growth of 29.1% year-over-year, alongside a solid net margin of 27.6%. The next earnings report is set for November 4, 2026, which could provide further insights into the company’s performance.

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

Several insiders have made significant purchases in recent months. Jeffrey A. Goldstein, a Director, bought 941 shares at $64.11 on January 15, 2026, totaling about $60,328. CEO Stephanie Ferris purchased 19,846 shares at $50.39 on March 5, 2026, for roughly $1 million. Goldstein also bought shares in April and July, indicating confidence in the company's future.

Analysts Set New Price Targets

On the same day as Goldman Sachs' update, Susquehanna maintained a Neutral rating with a target of $37, down from $46. Earlier, TD Cowen had also maintained a Buy rating with a target of $47, down from $53. The consensus among analysts suggests a cautious outlook, with varied targets reflecting differing views on the stock's potential.

About FIS

Fidelity National Information Services, Inc. offers a wide range of technology solutions aimed at financial institutions and businesses around the globe. The company operates through various segments, providing services like core processing, mobile banking, fraud management, and payment solutions. Given the ongoing shifts in the financial technology landscape, the company's recent performance and analyst ratings are closely watched.

Bottom Line

Investors should keep an eye on Fidelity National's upcoming earnings report on November 4, 2026, for more insights into its performance. Goldman Sachs' revised target and the stock's current trading position suggest a significant gap that could be a focal point for market watchers.