Fidelity National Information Services (NYSE:FIS) Announces Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Fidelity National Information Services (NYSE:FIS - Get Free Report) released its quarterly earnings data on Monday. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11, Briefing.com reports. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The firm had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period last year, the business earned $0.94 earnings per share. Fidelity National Information Services's revenue was up 3.1% compared to the same quarter last year. Fidelity National Information Services updated its FY 2024 guidance to 5.150-5.200 EPS and its FY24 guidance to $5.15-$5.20 EPS.

Fidelity National Information Services Stock Down 3.5 %

Shares of FIS stock traded down $3.13 on Tuesday, reaching $86.57. 5,952,960 shares of the stock were exchanged, compared to its average volume of 3,759,703. The company has a market capitalization of $47.23 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 0.79 and a beta of 1.06. The business's 50 day moving average price is $85.75 and its 200 day moving average price is $79.17. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services has a twelve month low of $49.91 and a twelve month high of $91.98.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.66%. Fidelity National Information Services's payout ratio is 57.37%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now owns 10,397 shares in the company, valued at $917,535.25. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

FIS has been the subject of several analyst reports. TD Cowen increased their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a "hold" rating in a research report on Tuesday. Jefferies Financial Group raised their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. Stephens upped their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Royal Bank of Canada lifted their price target on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Oppenheimer began coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They issued a "market perform" rating on the stock. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.75.

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.