FY2024 Earnings Forecast for FIS Issued By William Blair

Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) - Equities researchers at William Blair upped their FY2024 earnings estimates for Fidelity National Information Services in a research report issued on Monday, November 4th. William Blair analyst C. Kennedy now expects that the information technology services provider will post earnings per share of $5.17 for the year, up from their prior estimate of $5.07. The consensus estimate for Fidelity National Information Services' current full-year earnings is $5.08 per share. William Blair also issued estimates for Fidelity National Information Services' Q4 2024 earnings at $1.35 EPS, Q1 2025 earnings at $1.27 EPS, Q2 2025 earnings at $1.41 EPS, Q3 2025 earnings at $1.46 EPS, Q4 2025 earnings at $1.51 EPS and FY2026 earnings at $6.08 EPS.

A number of other equities analysts have also weighed in on FIS. Bank of America boosted their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, September 17th. Oppenheimer initiated coverage on Fidelity National Information Services in a report on Tuesday, October 1st. They set a "market perform" rating on the stock. Susquehanna increased their price objective on Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a research report on Tuesday. Keefe, Bruyette & Woods boosted their target price on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Stephens raised their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $88.75.

Fidelity National Information Services Stock Up 0.3 %

NYSE:FIS traded up $0.24 on Thursday, reaching $86.68. 4,177,508 shares of the stock traded hands, compared to its average volume of 3,781,279. The company has a current ratio of 1.18, a quick ratio of 1.35 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $47.29 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 0.80 and a beta of 1.06. Fidelity National Information Services has a 12 month low of $50.85 and a 12 month high of $91.98. The company's fifty day simple moving average is $85.85 and its 200 day simple moving average is $79.22.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the previous year, the business earned $0.94 earnings per share. The firm's quarterly revenue was up 3.1% compared to the same quarter last year.

Institutional Investors Weigh In On Fidelity National Information Services

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Fidelity National Information Services by 19.1% during the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider's stock worth $5,093,093,000 after acquiring an additional 11,023,109 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Fidelity National Information Services by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider's stock valued at $395,729,000 after purchasing an additional 249,678 shares during the last quarter. Legal & General Group Plc grew its position in shares of Fidelity National Information Services by 1.6% during the second quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider's stock valued at $372,135,000 after purchasing an additional 75,429 shares in the last quarter. Boston Partners increased its holdings in shares of Fidelity National Information Services by 642.7% in the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider's stock worth $331,047,000 after purchasing an additional 3,868,683 shares during the last quarter. Finally, Raymond James & Associates lifted its position in shares of Fidelity National Information Services by 449.8% in the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider's stock worth $343,693,000 after buying an additional 3,357,329 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of the business's stock in a transaction on Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now owns 10,397 shares of the company's stock, valued at approximately $917,535.25. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company's stock.

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 paid a $0.36 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is presently 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.