William Blair Has Positive Outlook of FIS FY2024 Earnings

Fidelity National Information Services, Inc. (NYSE:FIS) – Equities research analysts at William Blair raised their FY2024 earnings per share estimates for Fidelity National Information Services in a research report issued on Monday, November 4th. William Blair analyst C. Kennedy now anticipates that the information technology services provider will earn $5.17 per share for the year, up from their prior forecast of $5.07. The consensus estimate for Fidelity National Information Services’ current full-year earnings is $5.09 per share. William Blair also issued estimates for Fidelity National Information Services’ Q4 2024 earnings at $1.35 EPS, Q1 2025 earnings at $1.27 EPS, Q2 2025 earnings at $1.41 EPS, Q3 2025 earnings at $1.46 EPS, Q4 2025 earnings at $1.51 EPS and FY2026 earnings at $6.08 EPS.

Other equities analysts have also recently issued reports about the company. UBS Group increased their price target on Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday. Morgan Stanley increased their target price on Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday. Mizuho raised their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Bank of America upped their target price on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average target price of $88.75.

Fidelity National Information Services Stock Down 0.2 %

Shares of Fidelity National Information Services stock opened at $86.41 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services has a twelve month low of $49.91 and a twelve month high of $91.98. The company has a market cap of $47.14 billion, a price-to-earnings ratio of 34.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The company’s 50 day moving average is $85.85 and its 200 day moving average is $79.22.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the business earned $0.94 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year.

Institutional Investors Weigh In On Fidelity National Information Services

Several large investors have recently bought and sold shares of the business. Cadence Bank grew its stake in shares of Fidelity National Information Services by 1.9% in the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock worth $530,000 after buying an additional 132 shares in the last quarter. Graypoint LLC grew its position in Fidelity National Information Services by 4.6% in the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock worth $253,000 after acquiring an additional 132 shares in the last quarter. Atomi Financial Group Inc. increased its stake in Fidelity National Information Services by 3.4% during the third quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock worth $349,000 after acquiring an additional 135 shares during the last quarter. Aptus Capital Advisors LLC increased its stake in Fidelity National Information Services by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock worth $308,000 after acquiring an additional 137 shares during the last quarter. Finally, Manchester Capital Management LLC raised its position in Fidelity National Information Services by 6.8% during the first quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock valued at $166,000 after purchasing an additional 143 shares during the period. Institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 626 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.67%. Fidelity National Information Services’s payout ratio is 57.37%.

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.