FIS Rebounds to $30.21 Following Lowered Outlook and Analyst Target Cuts
Shares of Fidelity National Information Services rose 6.7% after reaching a 52-week low. The rebound followed reduced full-year guidance and widespread Wall Street price target cuts.
Fidelity National Information Services Inc. (FIS) shares rebounded 6.7% to close at $30.21 on November 11, 2026. The recovery followed volatile trading that saw the stock touch a fresh 52-week low of $27.93. The drop came after the company revised its full-year expectations downward, sparking multiple analyst adjustments and a shareholder investigation.
On November 4, 2026, the company posted third-quarter adjusted earnings of $1.61 per share, beating consensus estimates of $1.60 per share, while quarterly revenue climbed 27.1% year over year to $3.45 billion. Despite the quarterly results, management lowered its fiscal 2026 outlook. Full-year adjusted earnings per share guidance was reduced to a range of $5.82 to $5.89, compared to previous consensus expectations near $6.20. Projected annual revenue was also trimmed to between $13.45 billion and $13.51 billion, trailing expectations of approximately $13.66 billion.
The guidance reduction prompted a wave of adjustments across Wall Street. Sanford C. Bernstein lowered its price target on FIS from $48.00 to $31.00 while maintaining a Market Perform rating. Bank of America cut its rating from buy to neutral and reduced its target from $42.00 to $33.00, while Oppenheimer and William Blair both downgraded the shares to market perform. MarketBeat reported an overall consensus rating of Hold for the stock.
Following the guidance cut, law firm Levi & Korsinsky announced an investigation into potential securities law violations, reviewing whether the company issued materially misleading statements regarding its fiscal 2026 outlook before the forecast reduction.
Amid the share price pressure, company insiders have added to their holdings. Corporate filings show Director Jeffrey Goldstein acquired 1,585 shares on October 15th at an average price of $36.40, and Director Kourtney Gibson purchased 1,800 shares on November 6th at an average price of $29.00. Separately, the company announced a quarterly dividend of $0.44 per share, payable on December 28th to shareholders of record as of December 14th.