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

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Bank of America increased their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. TD Cowen lifted their price objective on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Susquehanna upped their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research report on Tuesday. Barclays raised their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group increased their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. 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 stock. According to MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.65.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $89.75 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services has a 12-month low of $49.91 and a 12-month high of $91.98. The business’s 50 day moving average is $85.64 and its two-hundred day moving average is $79.06. The company has a market capitalization of $48.96 billion, a P/E ratio of 66.94, a P/E/G ratio of 0.79 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 EPS. Analysts expect that Fidelity National Information Services will post 5.09 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is 107.46%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by company 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.