Fidelity National Information Services (NYSE:FIS) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Fidelity National Information Services (NYSE:FIS - Get Free Report) issued its quarterly earnings data on Tuesday. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.05, Zacks reports. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. During the same quarter last year, the business earned $0.94 EPS. Fidelity National Information Services updated its FY 2025 guidance to 5.700-5.800 EPS and its Q1 2025 guidance to 1.170-1.220 EPS.

Fidelity National Information Services Price Performance

Shares of FIS traded down $1.64 during mid-day trading on Friday, hitting $68.89. 3,582,791 shares of the company were exchanged, compared to its average volume of 3,296,031. Fidelity National Information Services has a 1-year low of $62.17 and a 1-year high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The company has a 50 day moving average of $80.53 and a 200-day moving average of $82.78. The stock has a market cap of $37.09 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Tuesday, March 11th. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio is 57.37%.

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Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FIS shares. Royal Bank of Canada cut their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating on the stock in a report on Wednesday. Mizuho lifted their price target on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. UBS Group dropped their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a report on Wednesday. Morgan Stanley dropped their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, Raymond James lowered shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the company from $115.00 to $101.00 in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $87.95.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.20% of the company's stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.