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

Fidelity National Information Services (NYSE:FIS) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 5.150-5.200 for the period, compared to the consensus estimate of 5.110. The company issued revenue guidance of $10.1 billion-$10.2 billion, compared to the consensus revenue estimate of $10.2 billion. Fidelity National Information Services also updated its FY24 guidance to $5.15-$5.20 EPS.

Fidelity National Information Services Stock Down 0.2 %

NYSE:FIS opened at $86.41 on Thursday. The company has a market capitalization of $47.14 billion, a PE ratio of 34.43, a P/E/G ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. Fidelity National Information Services has a 1-year low of $49.91 and a 1-year high of $91.98. The firm’s 50-day moving average price is $85.85 and its 200-day moving average price is $79.22.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 earnings per share. On average, equities analysts predict that Fidelity National Information Services will post 5.09 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s payout ratio is 57.37%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FIS. TD Cowen lifted their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research note on Tuesday. Royal Bank of Canada upped their price target on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday. Robert W. Baird raised their price objective on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday. Barclays boosted their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Bank of America boosted their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.75.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average cost of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

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.