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

Fidelity National Information Services (NYSE:FIS) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 5.150-5.200 for the period, compared to the consensus EPS 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.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $86.41 on Thursday. Fidelity National Information Services has a one year low of $49.91 and a one year high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The business’s 50 day simple moving average is $85.85 and its 200 day simple moving average is $79.22. The stock has a market capitalization of $47.14 billion, a PE ratio of 34.43, a PEG ratio of 0.79 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The business 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 13.63% and a net margin of 7.72%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 earnings per share. As a group, research analysts forecast that Fidelity National Information Services will post 5.09 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 57.37%.

Analyst Ratings Changes

FIS has been the topic of a number of recent research reports. Susquehanna raised their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research note on Tuesday. Keefe, Bruyette & Woods increased their price target on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday. Jefferies Financial Group raised their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.75.

Insider Buying and Selling at Fidelity National Information Services

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

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.