Fidelity National Information Services (FIS) Scheduled to Post Earnings on Monday

Fidelity National Information Services (NYSE:FIS) is set to post its quarterly earnings results 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.Investors interested in registering for the company’s conference call can do so using this link.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.52 billion. Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.71 earnings per share. 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 Performance

Shares of NYSE FIS opened at $70.72 on Friday. The company has a market cap of $39.71 billion, a P/E ratio of -6.29, a P/E/G ratio of 0.87 and a beta of 0.98. The firm’s fifty day moving average is $70.56 and its two-hundred day moving average is $62.46. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75. Fidelity National Information Services has a 52-week low of $46.91 and a 52-week high of $74.75.

Fidelity National Information Services announced that its Board of Directors has authorized a stock buyback program on Monday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio is presently -12.81%.

Analysts Set New Price Targets

A number of brokerages have recently commented on FIS. JPMorgan Chase & Co. lifted their target price on Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. The Goldman Sachs Group assumed coverage on shares of Fidelity National Information Services in a report on Thursday, February 29th. They issued a “buy” rating and a $84.00 target price for the company. Evercore ISI upped their price target on shares of Fidelity National Information Services from $62.00 to $75.00 and gave the company an “in-line” rating in a report on Tuesday, April 30th. Robert W. Baird downgraded Fidelity National Information Services from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $76.00 to $78.00 in a report on Wednesday, March 13th. Finally, Morgan Stanley raised their price target on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average price target of $72.50.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 775 shares of Fidelity National Information Services stock in a transaction that occurred on Monday, April 15th. The stock was purchased at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the purchase, the director now directly owns 9,052 shares in the company, valued at approximately $655,093.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is currently owned by corporate 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.