Fidelity National Information Services (NYSE:FIS) Releases Q3 2024 Earnings Guidance

Fidelity National Information Services (NYSE:FIS) updated its third quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.270-1.310 for the period, compared to the consensus estimate of 1.260. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. Fidelity National Information Services also updated its FY 2024 guidance to 5.030-5.110 EPS.

Analyst Upgrades and Downgrades

FIS has been the topic of a number of recent research reports. TD Cowen boosted their target price 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. BNP Paribas lowered Fidelity National Information Services from an outperform rating to a neutral rating and set a $72.00 target price on the stock. in a report on Thursday, April 11th. Morgan Stanley lowered Fidelity National Information Services from an overweight rating to an equal weight rating and set a $79.00 target price on the stock. in a report on Monday, July 22nd. Stephens reaffirmed an overweight rating and set a $90.00 price objective on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Finally, Bank of America upped their price objective on Fidelity National Information Services from $79.00 to $84.00 and gave the stock a buy rating in a report on Tuesday, April 16th. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of Moderate Buy and a consensus price target of $79.53.

Fidelity National Information Services Trading Up 5.1 %

Shares of NYSE FIS opened at $76.54 on Wednesday. The company has a market cap of $42.58 billion, a price-to-earnings ratio of -7.48, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06. Fidelity National Information Services has a 12-month low of $46.91 and a 12-month high of $78.73. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. The stock’s 50 day simple moving average is $75.70 and its 200 day simple moving average is $71.62.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the business posted $1.55 EPS. The business’s revenue was up 2.7% on a year-over-year basis. Equities research analysts expect that Fidelity National Information Services will post 4.94 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 719 shares of the stock in a transaction dated Monday, July 15th. The shares were bought at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the transaction, the director now owns 9,771 shares in the company, valued at $750,510.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by insiders.

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.