Fidelity National Information Services (FIS) Shares Soar 3.26% on Upgrades, Acquisition

Fidelity National Information Services (FIS) shares surged to their highest level since February 2025 today, with an intraday gain of 3.26%.

Fidelity National Information Services (FIS) has recently seen several developments that have influenced its stock price. Oppenheimer upgraded FIS to "Outperform" from "Perform" with a $94 price target, citing a more stable and predictable revenue model following recent acquisition deals. This upgrade reflects the market's confidence in FIS's strategic moves and future growth prospects.

Additionally, FIS has strengthened its Banking and Payments Suite through the acquisition of GPN's Issuer Solutions for $12 billion. This acquisition is expected to deliver quicker accretive benefits, further enhancing FIS's market position and operational efficiency. The strategic acquisition aligns with FIS's goal of expanding its service offerings and improving its competitive edge in the financial services industry.

TD Cowen also upgraded FIS to "Buy" from "Hold" with a price target of $92, contributing to a more than 3% stock increase on April 20. This upgrade underscores the positive sentiment among analysts regarding FIS's growth potential and financial performance. The consensus rating among analysts is "Moderate Buy," with expectations of continued growth in earnings per share (EPS) over the next few fiscal years. This positive outlook suggests that FIS is well-positioned to capitalize on market opportunities and deliver strong financial results.