Fidelity National Information Services (NYSE:FIS) Issues Q3 2024 Earnings Guidance

Fidelity National Information Services (NYSE:FIS) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.270-1.310 for the period, compared to the consensus estimate of 1.260. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. Fidelity National Information Services also updated its FY 2024 guidance to 5.030-5.110 EPS.

Fidelity National Information Services Price Performance

NYSE:FIS traded up $1.16 during trading hours on Friday, reaching $77.59. The stock had a trading volume of 2,575,984 shares, compared to its average volume of 4,137,733. The company has a 50 day moving average price of $75.79 and a two-hundred day moving average price of $71.69. Fidelity National Information Services has a 52 week low of $46.91 and a 52 week high of $78.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market capitalization of $43.16 billion, a PE ratio of -7.54, a PEG ratio of 0.77 and a beta of 1.06.

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 (EPS) 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 company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the firm earned $1.55 earnings per share. Fidelity National Information Services’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Fidelity National Information Services will post 4.94 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FIS shares. William Blair reissued an outperform rating on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Barclays upped their price target on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the company an overweight rating in a report on Thursday. Susquehanna raised their price objective on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a positive rating in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on Fidelity National Information Services from $83.00 to $85.00 and gave the company an overweight rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a hold rating in a research note on Wednesday. Ten 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 stock. According to MarketBeat, Fidelity National Information Services has an average rating of Moderate Buy and a consensus target price of $80.45.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 719 shares of the stock in a transaction dated Monday, July 15th. The stock was purchased at an average price of $76.81 per share, with a total value of $55,226.39. Following the transaction, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

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.