Fidelity National Information Services, Inc. to Post Q2 2024 Earnings of $1.23 Per Share, William Blair Forecasts (NYSE:FIS)

Fidelity National Information Services, Inc. (NYSE:FIS) – Investment analysts at William Blair boosted their Q2 2024 earnings per share estimates for shares of Fidelity National Information Services in a report released on Tuesday, May 7th. William Blair analyst C. Kennedy now expects 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.

FIS has been the subject of a number of other reports. Truist Financial boosted their target price on shares of Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th. TheStreet raised Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. Bank of America boosted their price target on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Barclays raised their price objective on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $78.11.

Fidelity National Information Services Stock Down 0.5 %

FIS opened at $73.71 on Wednesday. The stock has a market capitalization of $41.39 billion, a price-to-earnings ratio of -7.21, a PEG ratio of 0.88 and a beta of 0.98. The firm has a 50 day moving average price of $70.93 and a 200-day moving average price of $62.99. Fidelity National Information Services has a twelve month low of $46.91 and a twelve month high of $75.71. 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 (NYSE:FIS) last released its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping the consensus estimate 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 positive return on equity of 13.06% and a negative net margin of 54.30%. Fidelity National Information Services’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the company earned $1.29 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIS. OFI Invest Asset Management bought a new stake in Fidelity National Information Services during the 3rd quarter valued at about $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 in the last quarter. EdgeRock Capital LLC bought a new position in Fidelity National Information Services in the fourth quarter worth approximately $29,000. Rise Advisors LLC bought a new stake in Fidelity National Information Services during the 1st quarter valued at $29,000. Finally, Delta Asset Management LLC TN increased its holdings in shares of Fidelity National Information Services by 600.0% in the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 450 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of Fidelity National Information Services stock in a transaction on 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 purchase, the director now directly owns 9,052 shares in the company, valued at approximately $655,093.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.68% of the stock is owned by corporate insiders.

Fidelity National Information Services declared that its board has approved 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 leadership believes its stock is undervalued.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.95%. 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.