Q3 2024 Earnings Forecast for Fidelity National Information Services, Inc. Issued By Seaport Res Ptn (NYSE:FIS)

Fidelity National Information Services, Inc. (NYSE:FIS) – Investment analysts at Seaport Res Ptn lowered their Q3 2024 earnings per share (EPS) estimates for shares of Fidelity National Information Services in a research report issued on Tuesday, August 6th. Seaport Res Ptn analyst J. Cantwell now anticipates that the information technology services provider will earn $1.29 per share 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.

Other equities research analysts also recently issued research reports about the company. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Bank of America upped their price target on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Stephens reissued an “overweight” rating and issued a $90.00 price target on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Keefe, Bruyette & Woods upped their price target on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.45.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS traded up $1.16 on Thursday, hitting $77.59. 2,576,083 shares of the company were exchanged, compared to its average volume of 4,137,733. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. The stock’s 50 day moving average price is $75.82 and its 200 day moving average price is $71.80. Fidelity National Information Services has a 1-year low of $46.91 and a 1-year high of $78.73. The firm has a market capitalization of $43.16 billion, a P/E ratio of -7.58, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.13. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.55 earnings per share.

Fidelity National Information Services Dividend Announcement

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

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 719 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the purchase, the director now owns 9,771 shares in the company, valued at approximately $750,510.51. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fidelity National Information Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIS. Dimensional Fund Advisors LP boosted its stake in Fidelity National Information Services by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider’s stock valued at $395,729,000 after acquiring an additional 249,678 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Fidelity National Information Services by 9.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,654,754 shares of the information technology services provider’s stock valued at $124,702,000 after purchasing an additional 140,417 shares during the period. Parallel Advisors LLC grew its stake in Fidelity National Information Services by 2.6% during the 2nd quarter. Parallel Advisors LLC now owns 15,122 shares of the information technology services provider’s stock worth $1,140,000 after buying an additional 382 shares during the last quarter. Federated Hermes Inc. increased its position in Fidelity National Information Services by 12.8% during the second quarter. Federated Hermes Inc. now owns 37,344 shares of the information technology services provider’s stock worth $2,814,000 after buying an additional 4,246 shares during the period. Finally, GHP Investment Advisors Inc. lifted its stake in Fidelity National Information Services by 0.9% in the second quarter. GHP Investment Advisors Inc. now owns 23,266 shares of the information technology services provider’s stock valued at $1,753,000 after buying an additional 209 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

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.