What is KeyCorp’s Estimate for FIS FY2024 Earnings?

Fidelity National Information Services, Inc. (NYSE:FIS) – Investment analysts at KeyCorp issued their FY2024 earnings estimates for Fidelity National Information Services in a research report issued on Wednesday, December 18th. KeyCorp analyst A. Markgraff expects that the information technology services provider will earn $5.18 per share for the year. The consensus estimate for Fidelity National Information Services’ current full-year earnings is $5.18 per share. KeyCorp also issued estimates for Fidelity National Information Services’ Q4 2024 earnings at $1.35 EPS.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. Fidelity National Information Services’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the company earned $0.94 EPS.

A number of other research firms also recently commented on FIS. UBS Group lifted their target price on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Stephens lifted their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. JPMorgan Chase & Co. increased their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Oppenheimer started coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Robert W. Baird increased their price objective on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.75.

Fidelity National Information Services Stock Down 0.2 %

FIS opened at $80.14 on Friday. The stock has a market capitalization of $43.14 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 0.72 and a beta of 1.03. The firm has a 50 day moving average price of $86.96 and a 200-day moving average price of $81.68. Fidelity National Information Services has a twelve month low of $58.24 and a twelve month high of $91.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.80%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Insider Buying and Selling at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey A. Goldstein acquired 626 shares of the stock in a transaction on Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. The trade was a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Several hedge funds and other institutional investors have recently bought and sold shares of FIS. Larson Financial Group LLC increased its position in Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 159 shares during the last quarter. Kennebec Savings Bank bought a new position in Fidelity National Information Services during the 3rd quarter valued at about $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Fidelity National Information Services in the 2nd quarter worth about $30,000. Concord Wealth Partners lifted its stake in Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 146 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in shares of Fidelity National Information Services during the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 96.23% 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.