Why Is FIDELITY NATL INFORM (FIS) Stock Down Today?

Fidelity National Information Services shares fell 23.67% to $29.76, marking the steepest decline in years. The sharp drop followed the company’s decision to cut its fiscal 2026 outlook, a move driven by rising technology costs and project delays.

What Happened

FIS reported third-quarter 2026 results that showed revenue of $3.45 billion, slightly above the $3.43 billion estimate, and adjusted earnings per share of $1.61, exceeding the $1.60 forecast. Despite the beat, the company lowered its full-year guidance, citing increased technology expenses and delays. The CFO also stepped down from the role.

Following the announcement, analysts rapidly adjusted their views. RBC Capital downgraded the stock to Sector Perform from Outperform. William Blair downgraded the rating on growth concerns. Raymond James cut its price target on the weak outlook, and Keefe Bruyette lowered its target from $50 to $42. Additionally, the law firm Levi & Korsinsky notified investors of a pending investigation into the company’s fiscal 2026 outlook reduction.

What The Data Shows

The stock printed 18 fresh 52-week lows on November 4, 2026, while also recording two fresh 52-week highs. Over the last eight sessions, the stock has declined 19.3%, moving from $36.87 to $29.76. The company currently has a market capitalization of $20.7 billion and a P/E ratio of 6.0. Revenue has grown 18.3% over the trailing twelve months, with a net margin of 27.6%. The dividend yield stands at 4.38%.

Recent SEC Form 4 filings show one buy totaling $58,000 by director Jeffrey A. Goldstein on October 15, 2026. Congressional trade disclosures include a purchase of $250,001 to $500,000 by Donald J. Trump on July 31, 2026, and a sale of $1,001 to $15,000 by Gilbert Ray Cisneros, Jr. on September 18, 2026.

What To Watch

With 33 stories from 11 sources in the last 36 hours, the coverage breadth remains high. Investors will monitor how the stock reacts to the ongoing investigation and further analyst revisions.