Fidelity National Information Services, Inc. to Issue Quarterly Dividend of $0.40 (NYSE:FIS)

Fidelity National Information Services, Inc. (NYSE:FIS) declared a quarterly dividend on Thursday, July 31st, RTT News reports. Investors of record on Wednesday, September 10th will be paid a dividend of 0.40 per share by the information technology services provider on Wednesday, September 24th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, September 10th.

Fidelity National Information Services has a payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Fidelity National Information Services to earn $6.27 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 25.5%.

Fidelity National Information Services Stock Down 0.0%

Shares of FIS stock opened at $68.68 on Monday. Fidelity National Information Services has a 1-year low of $66.51 and a 1-year high of $91.98. The stock’s fifty day moving average price is $75.56 and its 200 day moving average price is $75.73. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market cap of $35.88 billion, a price-to-earnings ratio of 381.59 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, meeting the consensus estimate of $1.36. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 EPS. Fidelity National Information Services has set its Q3 2025 guidance at 1.460-1.500 EPS. FY 2025 guidance at 5.720-5.800 EPS. On average, research analysts expect that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FIS. Truist Financial boosted their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, July 17th. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Information Services from $92.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, August 6th. UBS Group decreased their price objective on Fidelity National Information Services from $84.00 to $82.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Finally, Robert W. Baird boosted their price objective on Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $91.63.

About Fidelity National Information Services

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.