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

Fidelity National Information Services (NYSE:FIS) updated its FY 2024 earnings guidance on Monday. 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.

Analyst Ratings Changes

Several research firms recently weighed in on FIS. Royal Bank of Canada boosted their target price on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Barclays boosted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Stephens boosted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods boosted their target price on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group boosted their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.30.

Fidelity National Information Services Trading Up 1.8 %

NYSE:FIS opened at $90.70 on Monday. The stock has a fifty day moving average price of $85.46 and a two-hundred day moving average price of $78.92. The stock has a market capitalization of $49.48 billion, a price-to-earnings ratio of 66.49, a PEG ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. Fidelity National Information Services has a 1 year low of $49.91 and a 1 year high of $91.54.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data 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. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. Fidelity National Information Services’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.55 earnings per share. As a group, sell-side analysts anticipate that Fidelity National Information Services will post 5.09 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 107.46%.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.20% of the company’s stock.

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.