Fidelity National Information Services (NYSE:FIS) Issues Q2 Earnings Guidance

Fidelity National Information Services (NYSE:FIS) updated its second quarter earnings guidance on Monday. The company provided earnings per share guidance of $1.21-1.25 for the period, compared to the consensus earnings per share estimate of $1.14. The company issued revenue guidance of $2.465-2.490 billion, compared to the consensus revenue estimate of $2.49 billion. Fidelity National Information Services also updated its FY 2024 guidance to 4.880-4.980 EPS.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FIS shares. Truist Financial boosted their price objective on shares of Fidelity National Information Services from $55.00 to $65.00 and gave the company a hold rating in a research report on Tuesday, February 27th. William Blair restated an outperform rating on shares of Fidelity National Information Services in a report on Tuesday. Mizuho lifted their price target on Fidelity National Information Services from $73.00 to $76.00 and gave the stock a buy rating in a research report on Wednesday, February 28th. TheStreet upgraded shares of Fidelity National Information Services from a d rating to a c rating in a report on Monday, February 26th. Finally, JPMorgan Chase & Co. lifted their target price on Fidelity National Information Services from $68.00 to $71.00 and gave the stock an overweight rating in a research report on Friday, February 23rd. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $74.63.

Fidelity National Information Services Price Performance

FIS traded up $2.93 on Tuesday, reaching $73.38. 5,687,090 shares of the company’s stock were exchanged, compared to its average volume of 4,425,308. Fidelity National Information Services has a twelve month low of $46.91 and a twelve month high of $75.71. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $41.20 billion, a PE ratio of -6.58, a P/E/G ratio of 0.88 and a beta of 0.98. The stock’s fifty day moving average price is $70.64 and its 200-day moving average price is $62.74.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.29 EPS. Sell-side analysts expect that Fidelity National Information Services will post 4.71 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 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 1.96%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is -12.81%.

Fidelity National Information Services announced that its board has authorized a share repurchase program on Monday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 775 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were acquired at an average price of $72.37 per share, with a total value of $56,086.75. Following the transaction, the director now owns 9,052 shares of the company’s stock, valued at $655,093.24. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.68% of the company’s stock.

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.