What is Seaport Res Ptn's Forecast for FIS FY2024 Earnings?

Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) - Investment analysts at Seaport Res Ptn lifted their FY2024 earnings estimates for Fidelity National Information Services in a report issued on Monday, November 4th. Seaport Res Ptn analyst J. Cantwell now forecasts that the information technology services provider will post earnings of $5.17 per share for the year, up from their previous estimate of $5.06. The consensus estimate for Fidelity National Information Services' current full-year earnings is $5.09 per share. Seaport Res Ptn also issued estimates for Fidelity National Information Services' Q4 2024 earnings at $1.34 EPS, Q1 2026 earnings at $1.58 EPS, Q2 2026 earnings at $1.60 EPS, Q3 2026 earnings at $1.83 EPS and FY2026 earnings at $6.87 EPS.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.11. 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 the consensus estimate of $2.56 billion. During the same quarter last year, the firm earned $0.94 EPS. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year.

Several other research analysts have also commented on the stock. Royal Bank of Canada lifted their price objective on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an "outperform" rating in a research note on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an "overweight" rating in a report on Tuesday. Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an "outperform" rating in a report on Tuesday. Oppenheimer began coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a "market perform" rating for the company. Finally, Barclays boosted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $88.75.

Fidelity National Information Services Trading Down 0.2 %

Shares of Fidelity National Information Services stock traded down $0.16 on Wednesday, reaching $86.41. The company had a trading volume of 8,002,281 shares, compared to its average volume of 3,779,365. The firm has a market cap of $47.14 billion, a price-to-earnings ratio of 34.43, a P/E/G ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The firm's 50-day moving average price is $85.85 and its two-hundred day moving average price is $79.22. Fidelity National Information Services has a 1 year low of $49.91 and a 1 year high of $91.98.

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kennebec Savings Bank acquired a new stake in Fidelity National Information Services in the third quarter worth about $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Fidelity National Information Services in the 2nd quarter worth approximately $30,000. Concord Wealth Partners grew its position in Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock worth $37,000 after purchasing an additional 146 shares during the last quarter. Family Firm Inc. acquired a new position in Fidelity National Information Services during the 2nd quarter valued at approximately $35,000. Finally, EdgeRock Capital LLC purchased a new position in shares of Fidelity National Information Services in the second quarter worth $35,000. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services's dividend payout ratio (DPR) is 57.37%.

Fidelity National Information Services Company Profile

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.