Q3 2024 EPS Estimates for Fidelity National Information Services, Inc. Decreased by Seaport Res Ptn (NYSE:FIS)

Fidelity National Information Services, Inc. (NYSE:FIS) – Equities researchers at Seaport Res Ptn decreased their Q3 2024 earnings estimates for Fidelity National Information Services in a report released on Tuesday, August 6th. Seaport Res Ptn analyst J. Cantwell now expects that the information technology services provider will post earnings per share of $1.29 for the quarter, down from their previous forecast of $1.32. The consensus estimate for Fidelity National Information Services’ current full-year earnings is $4.94 per share. Seaport Res Ptn also issued estimates for Fidelity National Information Services’ Q4 2024 earnings at $1.33 EPS, FY2024 earnings at $5.06 EPS, Q1 2025 earnings at $1.34 EPS, Q2 2025 earnings at $1.38 EPS, Q3 2025 earnings at $1.64 EPS and Q4 2025 earnings at $1.62 EPS.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the business earned $1.55 EPS. The business’s revenue was up 2.7% on a year-over-year basis.

Other equities analysts have also recently issued reports about the company. Keefe, Bruyette & Woods increased their target price on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday. Barclays boosted their target price on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday. Bank of America boosted their price objective on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. upped their price target on Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $80.45.

Fidelity National Information Services Stock Up 1.5 %

Shares of NYSE FIS traded up $1.16 during midday trading on Thursday, reaching $77.59. 2,576,083 shares of the company’s stock were exchanged, compared to its average volume of 4,137,733. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. Fidelity National Information Services has a 52-week low of $46.91 and a 52-week high of $78.73. The business’s fifty day moving average price is $75.82 and its two-hundred day moving average price is $71.80. The stock has a market capitalization of $43.16 billion, a PE ratio of -7.58, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06.

Institutional Investors Weigh In On Fidelity National Information Services

Large investors have recently bought and sold shares of the business. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services during the fourth quarter worth approximately $29,000. Rise Advisors LLC bought a new stake in Fidelity National Information Services during the 1st quarter valued at approximately $29,000. Delta Asset Management LLC TN grew its holdings in Fidelity National Information Services by 600.0% in the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 450 shares during the last quarter. Family Firm Inc. bought a new position in Fidelity National Information Services in the 2nd quarter worth approximately $35,000. Finally, Palisade Asset Management LLC acquired a new position in shares of Fidelity National Information Services during the first quarter worth approximately $37,000. 96.23% of the stock is currently owned by institutional investors.

Insider Activity at Fidelity National Information Services

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

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

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.