William Blair Equities Analysts Raise Earnings Estimates for Fidelity National Information Services, Inc. (NYSE:FIS)

Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) - Analysts at William Blair raised their Q2 2024 earnings per share (EPS) estimates for Fidelity National Information Services in a research note issued to investors on Tuesday, May 7th. William Blair analyst C. Kennedy now forecasts that the information technology services provider will post earnings per share of $1.23 for the quarter, up from their prior estimate of $1.20. William Blair currently 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.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.14. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate 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 company's revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 earnings per share.

A number of other research analysts also recently issued reports on the stock. Susquehanna upped their target price on shares of Fidelity National Information Services from $81.00 to $86.00 and gave the company a "positive" rating in a research report on Wednesday. UBS Group raised their target price on Fidelity National Information Services from $66.00 to $70.00 and gave the stock a "neutral" rating in a report on Tuesday, February 27th. TheStreet upgraded Fidelity National Information Services from a "d" rating to a "c" rating in a report on Monday, February 26th. TD Cowen increased their price target on Fidelity National Information Services from $70.00 to $75.00 and gave the stock a "hold" rating in a report on Wednesday. Finally, Morgan Stanley lifted their price objective on Fidelity National Information Services from $73.00 to $77.00 and gave the company an "overweight" rating in a report on Tuesday, February 27th. Eight equities research 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 stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of "Moderate Buy" and a consensus target price of $76.79.

Fidelity National Information Services Trading Down 0.3 %

FIS traded down $0.26 during mid-day trading on Wednesday, reaching $74.05. The stock had a trading volume of 5,420,357 shares, compared to its average volume of 4,481,281. The stock has a market capitalization of $41.58 billion, a P/E ratio of -6.59, a P/E/G ratio of 0.88 and a beta of 0.98. Fidelity National Information Services has a 52 week low of $46.91 and a 52 week high of $75.71. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75. The firm's fifty day simple moving average is $70.79 and its two-hundred day simple moving average is $62.91.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. OFI Invest Asset Management bought a new stake in Fidelity National Information Services during the 3rd quarter worth $25,000. Baystate Wealth Management LLC grew its holdings in Fidelity National Information Services by 332.1% during the 3rd quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider's stock worth $27,000 after acquiring an additional 372 shares during the last quarter. EdgeRock Capital LLC acquired a new position in Fidelity National Information Services in the 4th quarter valued at approximately $29,000. Rise Advisors LLC bought a new position in shares of Fidelity National Information Services during the first quarter valued at $29,000. Finally, Delta Asset Management LLC TN grew its stake in shares of Fidelity National Information Services by 600.0% in 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 during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the stock in a transaction on Monday, April 15th. The stock was acquired at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the transaction, the director now directly owns 9,052 shares in the company, valued at $655,093.24. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.68% of the company's stock.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, June 10th. This represents a $1.44 annualized dividend and a yield of 1.94%. Fidelity National Information Services's dividend payout ratio is -12.81%.

Fidelity National Information Services declared that its board has initiated a stock repurchase program on Monday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the information technology services provider to reacquire up to 1.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

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.