Cantor Fitzgerald has initiated coverage of Fidelity National Information Services (NYSE:FIS) with an Overweight rating and set a price objective of $72, the firm said on Tuesday. That target implies potential upside of slightly more than 21% relative to the stock’s trading price of $59.10, with FIS trading near its 52-week low of $58.75.
The research note referenced analyst target variability, citing InvestingPro data that shows analyst price targets for the stock range from $55 to $93. Cantor Fitzgerald characterized FIS as appearing undervalued versus Fair Value estimates, though it stressed that restoring investor confidence will take time after recent developments that have eroded trust between the company and the market.
Operational and capital allocation signals
Despite the headwinds, Cantor Fitzgerald pointed to management actions that suggest conviction in the company’s recovery path. The firm noted an aggressive share buyback program executed by management, and it highlighted the company’s long-standing dividend record: FIS has paid a dividend for 23 consecutive years, with the current yield at 2.7%.
The report emphasized FIS’s distribution breadth and the interconnectivity of its business lines, describing those attributes as having made the company an integral component of the financial ecosystem - a structural position the analyst believes is unlikely to change. Cantor Fitzgerald also cited FIS’s scale, noting a market capitalization of $30.6 billion and annual revenue of $10.46 billion as evidence of the company’s material role in financial technology.
Outlook, guidance and near-term priorities
The firm framed fiscal year 2026 as an investment year intended for repositioning the business. Cantor Fitzgerald suggested the recent guidance reset could be somewhat conservative, but underscored that the market will seek tangible proof of a sustainable, longer-term organic growth rate. On the earnings front, analysts expect net income expansion this year, with consensus forecasts pointing to earnings per share of $5.85 for fiscal 2025.
InvestingPro analysis was referenced as a source of further financial detail and scenario work; Cantor Fitzgerald’s note invited readers to consult the full Pro Research Report for deeper analysis, pointing to a library of sector studies and model-based conclusions available to subscribers.
Risks and balance sheet considerations
Among risks flagged, Cantor Fitzgerald identified a macroeconomic slowdown as the most significant. The firm warned that a deteriorating consumer backdrop or reduced bank technology spending could exert meaningful pressure on FIS shares if the company is unable to execute its turnaround initiatives quickly. That vulnerability is compounded by liquidity metrics: FIS reported a current ratio of 0.53, indicating short-term liabilities exceed liquid assets.
Market sentiment has already been reflected in the stock’s price action, with a roughly 27% decline over the prior six months noted in the report.
Recent corporate moves and earnings
On the results front, FIS reported strong third-quarter 2025 adjusted earnings per share of $1.51, above the $1.48 consensus. Revenue for the quarter was $2.7 billion, also topping the $2.66 billion forecast.
Strategic transactions were highlighted as well. FIS closed the acquisition of Global Payments’ Issuer Solutions business at an enterprise value of $13.5 billion, translating to a net purchase price of $12 billion after tax considerations. Concurrently, FIS completed the sale of its remaining 45% minority stake in Worldpay to Global Payments.
Other recent market and governance developments included Truist Securities trimming its price target for FIS to $70 from $72 while maintaining a Hold rating due to market volatility, FIS adding Anil Chakravarthy from Adobe to its board of directors, and GTCR completing the sale of Worldpay to Global Payments for $24.25 billion. GTCR retains approximately 15% ownership in Global Payments, preserving future upside participation in that business.
The combination of strategic transactions, board changes, and capital returns form the backdrop to Cantor Fitzgerald’s constructive initiation, even as the firm underscores execution and macro risks that could hinder a recovery in the stock price.