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

by · The Cerbat Gem

Fidelity National Information Services (NYSE:FIS – Get Free Report) posted its quarterly earnings data on Monday. The information technology services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11, Briefing.com reports. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS. 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 Trading Down 0.7 %

Shares of Fidelity National Information Services stock traded down $0.59 on Tuesday, reaching $89.11. 374,954 shares of the company were exchanged, compared to its average volume of 3,733,325. Fidelity National Information Services has a fifty-two week low of $49.91 and a fifty-two week high of $91.98. The firm has a market capitalization of $48.62 billion, a price-to-earnings ratio of 67.01, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average price of $85.64 and a 200-day moving average price of $79.06.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.62%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 107.46%.

Wall Street Analyst Weigh In

A number of research firms recently commented on FIS. JPMorgan Chase & Co. lifted their price target on Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Oppenheimer started coverage on Fidelity National Information Services in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Susquehanna raised their price objective on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research note on Tuesday. Barclays boosted their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Ten investment 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.05.

Get Our Latest Stock Analysis on Fidelity National Information Services

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction on Tuesday, October 15th. The stock was bought at an average cost 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

About Fidelity National Information Services

(Get Free Report)

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.

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