William Blair Has Bullish Forecast for FIS FY2025 Earnings

Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) - William Blair lifted their FY2025 EPS estimates for Fidelity National Information Services in a research report issued to clients and investors on Tuesday, February 11th. William Blair analyst C. Kennedy now anticipates that the information technology services provider will earn $5.65 per share for the year, up from their previous estimate of $5.56. The consensus estimate for Fidelity National Information Services' current full-year earnings is $5.18 per share.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.05. 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 company earned $0.94 EPS.

Several other research analysts have also weighed in on the stock. UBS Group lowered their target price on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a research report on Wednesday. Susquehanna lowered shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their price target for the company from $103.00 to $81.00 in a research report on Wednesday. Morgan Stanley lowered their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Wednesday. 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 research report on Tuesday, November 5th. Finally, Compass Point decreased their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $87.95.

Fidelity National Information Services Price Performance

FIS traded down $1.69 on Wednesday, hitting $68.84. 6,281,734 shares of the company were exchanged, compared to its average volume of 2,091,095. 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 business's fifty day moving average is $80.20 and its 200 day moving average is $82.73. Fidelity National Information Services has a fifty-two week low of $62.17 and a fifty-two week high of $91.98. The firm has a market capitalization of $37.06 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC grew its holdings in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider's stock worth $27,000 after acquiring an additional 159 shares in the last quarter. Kennebec Savings Bank acquired a new position in shares of Fidelity National Information Services in the 3rd quarter valued at about $28,000. R Squared Ltd acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at about $30,000. Concord Wealth Partners boosted its holdings in shares of Fidelity National Information Services by 50.2% in the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock valued at $37,000 after buying an additional 146 shares during the period. Finally, Morse Asset Management Inc acquired a new position in shares of Fidelity National Information Services in the 3rd quarter valued at about $37,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Increases Dividend

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