Fidelity National Information Services, Inc. (NYSE:FIS) to Post Q2 2024 Earnings of $1.23 Per Share, William Blair Forecasts

Fidelity National Information Services, Inc. (NYSE:FIS) – Analysts at William Blair increased their Q2 2024 earnings per share estimates for Fidelity National Information Services in a report issued on Tuesday, May 7th. William Blair analyst C. Kennedy now forecasts that the information technology services provider will post earnings of $1.23 per share for the quarter, up from their previous estimate of $1.20. William Blair has a “Outperform” rating on the stock. The consensus estimate for Fidelity National Information Services’ current full-year earnings is $4.71 per share. William Blair also issued estimates for Fidelity National Information Services’ Q3 2024 earnings at $1.29 EPS, Q4 2024 earnings at $1.32 EPS, FY2024 earnings at $4.93 EPS, Q1 2025 earnings at $1.24 EPS, Q2 2025 earnings at $1.30 EPS, Q3 2025 earnings at $1.38 EPS, Q4 2025 earnings at $1.43 EPS and FY2025 earnings at $5.33 EPS.

FIS has been the topic of a number of other research reports. Robert W. Baird increased their target price on Fidelity National Information Services from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday. BNP Paribas cut Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price objective for the company. in a research report on Thursday, April 11th. Bank of America upped their target price on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price target on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, Truist Financial upped their price objective on shares of Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th. Eight 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.63.

Fidelity National Information Services Stock Up 5.5 %

FIS stock opened at $74.31 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.75 and a quick ratio of 0.75. Fidelity National Information Services has a 12 month low of $46.91 and a 12 month high of $75.71. The firm has a market capitalization of $41.73 billion, a PE ratio of -6.61, a P/E/G ratio of 0.88 and a beta of 0.98. The company’s 50 day simple moving average is $70.79 and its 200-day simple moving average is $62.91.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $0.96 by $0.14. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.29 EPS.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. OFI Invest Asset Management acquired a new stake in shares of Fidelity National Information Services in the third quarter valued at about $25,000. Baystate Wealth Management LLC grew its position in Fidelity National Information Services by 332.1% in the third quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 372 shares in the last quarter. EdgeRock Capital LLC acquired a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $29,000. Rise Advisors LLC purchased a new stake in shares of Fidelity National Information Services during the first quarter valued at approximately $29,000. Finally, Delta Asset Management LLC TN lifted its position in shares of Fidelity National Information Services by 600.0% during the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 450 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 775 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were purchased at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the acquisition, the director now owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Fidelity National Information Services announced that its board has initiated a stock buyback program on Monday, February 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the information technology services provider to buy up to 1.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.94%. Fidelity National Information Services’s dividend payout ratio (DPR) is -12.81%.

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.