Zacks Research Analysts Boost Earnings Estimates for Fidelity National Information Services, Inc. (NYSE:FIS)

Fidelity National Information Services, Inc. (NYSE:FISFree Report) – Investment analysts at Zacks Research lifted their Q2 2024 earnings per share (EPS) estimates for shares of Fidelity National Information Services in a research report issued to clients and investors on Monday, May 27th. Zacks Research analyst K. Dey now expects that the information technology services provider will post earnings per share of $1.22 for the quarter, up from their previous estimate of $0.98. The consensus estimate for Fidelity National Information Services’ current full-year earnings is $4.97 per share. Zacks Research also issued estimates for Fidelity National Information Services’ FY2024 earnings at $4.89 EPS, Q1 2025 earnings at $1.16 EPS, Q2 2025 earnings at $1.34 EPS, Q3 2025 earnings at $1.41 EPS, Q4 2025 earnings at $1.45 EPS and FY2025 earnings at $5.36 EPS.

Fidelity National Information Services (NYSE:FISGet Free Report) last issued its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the company posted $1.29 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year.

Other equities research analysts have also issued research reports about the company. Susquehanna boosted their price objective on Fidelity National Information Services from $81.00 to $86.00 and gave the stock a “positive” rating in a research report on Wednesday, May 8th. BNP Paribas lowered Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research report on Thursday, April 11th. TheStreet upgraded Fidelity National Information Services from a “d” rating to a “c” rating in a research report on Monday, February 26th. Stephens restated an “overweight” rating and set a $90.00 price objective on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Finally, Bank of America boosted their price objective on Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.74.

Get Our Latest Research Report on FIS

Fidelity National Information Services Trading Down 0.5 %

Shares of FIS opened at $74.08 on Thursday. The firm has a market cap of $41.21 billion, a price-to-earnings ratio of -7.24, a PEG ratio of 0.77 and a beta of 0.98. Fidelity National Information Services has a 52-week low of $46.91 and a 52-week high of $78.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. The business’s fifty day moving average is $73.11 and its 200-day moving average is $65.80.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio is -14.08%.

Fidelity National Information Services announced that its Board of Directors has approved a share buyback plan on Monday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the information technology services provider to repurchase up to 1.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 775 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were acquired at an average cost of $72.37 per share, with a total value of $56,086.75. Following the purchase, the director now owns 9,052 shares in the company, valued at $655,093.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in shares of Fidelity National Information Services in the third quarter worth approximately $250,000. Wealthspire Advisors LLC raised its stake in shares of Fidelity National Information Services by 17.3% in the third quarter. Wealthspire Advisors LLC now owns 4,603 shares of the information technology services provider’s stock worth $254,000 after purchasing an additional 678 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Fidelity National Information Services by 9.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 571,139 shares of the information technology services provider’s stock worth $31,567,000 after purchasing an additional 48,474 shares during the last quarter. abrdn plc raised its stake in shares of Fidelity National Information Services by 1.4% in the third quarter. abrdn plc now owns 526,859 shares of the information technology services provider’s stock worth $29,119,000 after purchasing an additional 7,373 shares during the last quarter. Finally, Atria Investments Inc raised its stake in shares of Fidelity National Information Services by 1.5% in the third quarter. Atria Investments Inc now owns 113,630 shares of the information technology services provider’s stock worth $6,280,000 after purchasing an additional 1,693 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Company Profile

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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.

See Also

Earnings History and Estimates for Fidelity National Information Services (NYSE:FIS)

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