Fidelity National Information Services (NYSE:FIS) Issues FY24 Earnings Guidance

Fidelity National Information Services (NYSE:FIS) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $5.03-5.11 for the period, compared to the consensus EPS estimate of $4.99. The company issued revenue guidance of $10.12-10.17 billion, compared to the consensus revenue estimate of $10.14 billion. Fidelity National Information Services also updated its FY 2024 guidance to 5.030-5.110 EPS.

Fidelity National Information Services Price Performance

FIS stock opened at $76.39 on Friday. The stock has a 50-day moving average price of $75.79 and a two-hundred day moving average price of $71.69. The stock has a market cap of $42.49 billion, a PE ratio of -7.47, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. Fidelity National Information Services has a 1 year low of $46.91 and a 1 year high of $78.73.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 positive return on equity of 13.91% and a negative net margin of 54.14%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 EPS. Equities analysts forecast that Fidelity National Information Services will post 4.94 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s payout ratio is currently -14.08%.

Wall Street Analyst Weigh In

FIS has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a hold rating in a report on Wednesday. Morgan Stanley cut Fidelity National Information Services from an overweight rating to an equal weight rating and set a $79.00 price objective for the company. in a report on Monday, July 22nd. Stephens restated an overweight rating and set a $90.00 price objective on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Barclays boosted their price objective on Fidelity National Information Services from $88.00 to $90.00 and gave the stock an overweight rating in a report on Thursday. Finally, Wedbush restated an outperform rating and set a $75.00 price objective on shares of Fidelity National Information Services in a report on Wednesday, May 8th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Fidelity National Information Services presently has a consensus rating of Moderate Buy and a consensus price target of $80.45.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of Fidelity National Information Services stock in a transaction on Monday, July 15th. The stock was acquired at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the acquisition, the director now owns 9,771 shares in the company, valued at $750,510.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

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.