Fidelity National Information Services (FIS) to Release Quarterly Earnings on Monday

Fidelity National Information Services (NYSE:FIS - Get Free Report) will release its earnings data after the market closes on Monday, May 6th. Analysts expect Fidelity National Information Services to post earnings of $0.96 per share for the quarter. Fidelity National Information Services has set its Q1 guidance at $0.94-$0.97 EPS and its FY24 guidance at $4.66-$4.76 EPS.Parties that are interested in participating in the company's conference call can do so using this link.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business posted $1.71 earnings per share. The business's quarterly revenue was down .6% on a year-over-year basis. On average, analysts expect Fidelity National Information Services to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Fidelity National Information Services Stock Down 0.2 %

FIS traded down $0.16 during trading hours on Monday, hitting $69.44. 3,458,922 shares of the company's stock were exchanged, compared to its average volume of 4,414,998. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.68. Fidelity National Information Services has a 1-year low of $46.91 and a 1-year high of $74.75. The stock's 50-day moving average is $70.15 and its two-hundred day moving average is $62.14. The stock has a market cap of $40.03 billion, a price-to-earnings ratio of -6.18, a PEG ratio of 0.88 and a beta of 0.97.

Fidelity National Information Services announced that its Board of Directors has authorized a stock repurchase program on Monday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.44 annualized dividend and a yield of 2.07%. Fidelity National Information Services's payout ratio is presently -12.81%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FIS. TheStreet raised Fidelity National Information Services from a "d" rating to a "c" rating in a research report on Monday, February 26th. Evercore ISI upped their price objective on shares of Fidelity National Information Services from $58.00 to $62.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 26th. Morgan Stanley raised their target price on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the company an "overweight" rating in a report on Tuesday, February 27th. Bank of America boosted their target price on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the company a "buy" rating in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada increased their price target on shares of Fidelity National Information Services from $67.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 27th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $71.69.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 775 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was acquired at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of the purchase, the director now directly owns 9,052 shares of the company's stock, valued at $655,093.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is owned by insiders.

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.