Fidelity National Information Services, Inc. (NYSE:FIS) Forecasted to Earn Q3 2024 Earnings of $1.26 Per Share

Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) - Analysts at William Blair decreased their Q3 2024 earnings estimates for shares of Fidelity National Information Services in a research note issued on Monday, May 13th. William Blair analyst C. Kennedy now forecasts that the information technology services provider will post earnings per share of $1.26 for the quarter, down from their prior forecast of $1.29. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for Fidelity National Information Services' current full-year earnings is $4.97 per share. William Blair also issued estimates for Fidelity National Information Services' Q4 2024 earnings at $1.34 EPS and Q2 2025 earnings at $1.31 EPS.

Several other research firms also recently weighed in on FIS. Keefe, Bruyette & Woods raised their price target on Fidelity National Information Services from $82.00 to $85.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 8th. Wedbush reaffirmed an "outperform" rating and set a $75.00 price target on shares of Fidelity National Information Services in a research note on Wednesday, May 8th. JPMorgan Chase & Co. upped their price objective on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the company an "overweight" rating in a research note on Friday, February 23rd. TD Cowen boosted their price target on Fidelity National Information Services from $70.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, May 8th. Finally, Stephens restated an "overweight" rating and set a $90.00 price objective on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $78.11.

Fidelity National Information Services Price Performance

NYSE:FIS traded up $1.09 during mid-day trading on Wednesday, hitting $77.48. 5,646,607 shares of the company's stock traded hands, compared to its average volume of 4,488,661. The firm's 50 day simple moving average is $71.39 and its 200 day simple moving average is $63.83. The company has a market cap of $43.10 billion, a PE ratio of -7.52, a price-to-earnings-growth ratio of 0.77 and a beta of 0.98. Fidelity National Information Services has a 1 year low of $46.91 and a 1 year high of $77.63. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the previous year, the business earned $1.29 earnings per share. Fidelity National Information Services's quarterly revenue was up 2.9% compared to the same quarter last year.

Hedge Funds Weigh In On Fidelity National Information Services

Large investors have recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in shares of Fidelity National Information Services in the 3rd quarter worth about $25,000. EdgeRock Capital LLC acquired a new position in Fidelity National Information Services in the fourth 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 approximately $29,000. Delta Asset Management LLC TN raised its position in shares of Fidelity National Information Services by 600.0% during the 4th 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 period. Finally, BKM Wealth Management LLC acquired a new position in Fidelity National Information Services during the 4th quarter valued at approximately $35,000. 96.23% of the stock is currently owned by institutional investors.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 775 shares of Fidelity National Information Services stock in a transaction dated Monday, April 15th. The shares were acquired at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of the transaction, the director now owns 9,052 shares of the company's stock, valued at approximately $655,093.24. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.68% of the company's stock.

Fidelity National Information Services announced that its board has initiated a share repurchase plan on Monday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.86%. Fidelity National Information Services's dividend payout ratio (DPR) is -14.08%.

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.