Fidelity National Information Services, Inc. (FIS) to Issue Quarterly Dividend of $0.40 on December 23rd

Fidelity National Information Services, Inc. (NYSE:FIS) declared a quarterly dividend on Friday, October 31st. Shareholders of record on Tuesday, December 9th will be paid a dividend of 0.40 per share by the information technology services provider on Tuesday, December 23rd. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, December 9th.

Fidelity National Information Services has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Fidelity National Information Services has a payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Fidelity National Information Services to earn $6.27 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 25.5%.

Fidelity National Information Services Price Performance

FIS opened at $66.63 on Friday. The company has a fifty day moving average price of $65.67 and a two-hundred day moving average price of $72.00. The firm has a market capitalization of $34.51 billion, a PE ratio of 246.79 and a beta of 0.92. Fidelity National Information Services has a 52 week low of $59.51 and a 52 week high of $85.86. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.03. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the company earned $1.40 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. As a group, analysts anticipate that Fidelity National Information Services will post 5.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FIS. Susquehanna reduced their target price on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, September 12th. Truist Financial reduced their price objective on shares of Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. Wells Fargo & Company assumed coverage on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 target price for the company. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. Finally, UBS Group boosted their price target on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.41.

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.