TD Cowen Cuts FIS Price Target to $47

TD Cowen has reiterated its Buy rating on Fidelity National Information Services, Inc. (NYSE: FIS) on October 9, 2026, while lowering its price target from $53 to $47. This adjustment reflects the company's performance and market conditions.

TD Cowen's Call on FIS

TD Cowen maintains a Buy rating for FIS, now targeting a price of $47. This is a decrease from the previous target of $53. The firm is bullish on the stock's potential, despite the lower target.

Other Institutional Activity in FIS

Several other institutional investors have adjusted their positions in FIS. Dodge & Cox Inc. reduced its stake by 4,907 shares, ending with 49,069,080 shares valued at about $1.77 billion. Blackrock Inc. cut its holdings by 12,507,723 shares, bringing its total to 44,501,041 shares worth approximately $1.60 billion. Meanwhile, Vanguard Capital Management LLC added 214,559 shares, increasing its total to 33,739,392 shares valued at about $1.21 billion. JPMorgan Chase & Co. decreased its stake by 11,135,388 shares, holding 26,586,116 shares worth around $957 million, while State Street Corporation grew its position by 525,874 shares, totaling 25,808,254 shares valued at about $929 million.

Fidelity National Information Services, Inc. Stock Down 0.2%

Fidelity National Information Services shares recently traded around $36.06 as of October 16, 2026. This price is approximately 23.3% below TD Cowen's adjusted price target of $47, indicating potential upside if the stock reaches that target. The shares have seen a significant decline from the previous target, which may prompt investor interest.

Recent Earnings

Fidelity National Information Services reported trailing twelve-month revenue of approximately $12.20 billion, with a year-over-year revenue growth of 29.1%. The company also has a net margin of 27.6% and a return on equity of 22.3%. The next earnings report is scheduled for November 4, 2026.

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

Insider transactions show confidence in FIS. On January 15, 2026, Director Jeffrey A. Goldstein bought 941 shares at an average price of $64.11, totaling about $60,328. CEO Stephanie Ferris purchased 19,846 shares on March 5, 2026, at $50.39, worth around $1 million. Goldstein also bought additional shares on April 15, 2026, and July 15, 2026, totaling 2,583 shares in those transactions.

Analysts Set New Price Targets

On October 9, 2026, TD Cowen maintained its Buy rating for FIS with a new price target of $47. Barclays also maintained its Equal-Weight rating, lowering its target to $38 on the same day. Earlier, Baird and Deutsche Bank maintained their Neutral and Hold ratings, respectively, with targets of $45 and $40.

About FIS

Fidelity National Information Services, Inc. provides technology solutions to financial institutions, businesses, and developers worldwide. It operates in various segments, including Banking Solutions and Capital Market Solutions, offering services like mobile banking, fraud management, and payment processing. The company's recent performance and the analyst support suggest that it remains a significant player in the technology sector.

Bottom Line

Investors should watch for FIS's upcoming earnings report on November 4, 2026. The recent analyst ratings and adjustments reflect ongoing market evaluations, which may impact future stock performance.