Fidelity National Information Services (NYSE:FIS) Announces Earnings Results, Beats Expectations By $0.01 EPS

Fidelity National Information Services (NYSE:FISGet Rating) posted its quarterly earnings data on Thursday. The information technology services provider reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.01, Briefing.com reports. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Fidelity National Information Services had a return on equity of 8.76% and a net margin of 6.43%. Fidelity National Information Services’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.61 earnings per share. Fidelity National Information Services updated its Q3 guidance to $1.74-$1.78 EPS and its FY22 guidance to $7.00-$7.10 EPS.

Fidelity National Information Services Stock Up 0.8 %

NYSE:FIS traded up $0.80 during mid-day trading on Friday, hitting $97.37. 3,425,893 shares of the company’s stock traded hands, compared to its average volume of 3,745,851. The company has a fifty day moving average of $97.38 and a 200 day moving average of $99.82. Fidelity National Information Services has a twelve month low of $85.00 and a twelve month high of $135.62. The company has a market capitalization of $59.20 billion, a P/E ratio of 65.79, a P/E/G ratio of 1.06 and a beta of 0.76. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 0.74.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, September 15th. Fidelity National Information Services’s dividend payout ratio is currently 127.03%.

Analyst Ratings Changes

A number of brokerages have commented on FIS. Evercore ISI upgraded Fidelity National Information Services from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $115.00 to $135.00 in a research report on Monday, June 13th. The Goldman Sachs Group initiated coverage on Fidelity National Information Services in a research report on Tuesday, May 17th. They set a “buy” rating and a $128.00 target price for the company. Keefe, Bruyette & Woods cut their target price on Fidelity National Information Services from $145.00 to $125.00 in a research report on Monday, July 11th. Truist Financial cut their target price on Fidelity National Information Services from $105.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, June 30th. Finally, Citigroup cut their target price on Fidelity National Information Services from $138.00 to $130.00 in a research report on Monday, April 25th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus price target of $129.23.

Institutional Trading of Fidelity National Information Services

Large investors have recently added to or reduced their stakes in the company. Laurel Wealth Advisors Inc. grew its stake in Fidelity National Information Services by 1.5% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 7,529 shares of the information technology services provider’s stock valued at $756,000 after purchasing an additional 111 shares during the last quarter. Golden State Equity Partners purchased a new stake in Fidelity National Information Services during the 1st quarter valued at about $586,000. Fund Management at Engine No. 1 LLC purchased a new stake in Fidelity National Information Services during the 1st quarter valued at about $518,000. Lido Advisors LLC grew its stake in Fidelity National Information Services by 19.3% during the 1st quarter. Lido Advisors LLC now owns 4,604 shares of the information technology services provider’s stock valued at $462,000 after purchasing an additional 746 shares during the last quarter. Finally, MidWestOne Financial Group Inc. purchased a new stake in shares of Fidelity National Information Services in the first quarter worth about $434,000. Hedge funds and other institutional investors own 89.51% of the company’s stock.

Fidelity National Information Services Company Profile

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Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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

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