Fidelity National Information Services (NYSE:FIS) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Fidelity National Information Services (NYSE:FIS) announced its earnings results on Monday. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11, Briefing.com reports. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Fidelity National Information Services’s revenue was up 3.1% compared to the same quarter last year. Fidelity National Information Services updated its FY 2024 guidance to 5.150-5.200 EPS and its FY24 guidance to $5.15-$5.20 EPS.

Fidelity National Information Services Stock Performance

FIS stock opened at $87.00 on Wednesday. Fidelity National Information Services has a twelve month low of $49.91 and a twelve month high of $91.98. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The company has a market cap of $47.46 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The business’s fifty day moving average is $85.75 and its 200-day moving average is $79.17.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.66%. Fidelity National Information Services’s payout ratio is presently 57.37%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FIS shares. Oppenheimer assumed coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Stephens upped their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. UBS Group increased their price objective on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday. Barclays increased their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley boosted their price target on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $88.75.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 626 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the purchase, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.