What is KeyCorp’s Estimate for FIS FY2024 Earnings?

Fidelity National Information Services, Inc. (NYSE:FIS) – Equities researchers at KeyCorp issued their FY2024 EPS estimates for shares of Fidelity National Information Services in a research note issued to investors on Wednesday, December 18th. KeyCorp analyst A. Markgraff forecasts that the information technology services provider will post earnings of $5.18 per share for the year. The consensus estimate for Fidelity National Information Services’ current full-year earnings is $5.18 per share. KeyCorp also issued estimates for Fidelity National Information Services’ Q4 2024 earnings at $1.35 EPS.

A number of other brokerages have also recently issued reports on FIS. Mizuho increased their target price on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Oppenheimer assumed coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Stephens upped their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Compass Point started coverage on shares of Fidelity National Information Services in a research report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price target on the stock. Finally, Jefferies Financial Group boosted their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.75.

Fidelity National Information Services Trading Up 1.6 %

Shares of Fidelity National Information Services stock opened at $81.46 on Friday. The stock has a market capitalization of $43.85 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 0.72 and a beta of 1.03. Fidelity National Information Services has a 52 week low of $58.24 and a 52 week high of $91.98. The stock has a 50 day moving average price of $86.85 and a two-hundred day moving average price of $81.72. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the business posted $0.94 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year.

Hedge Funds Weigh In On Fidelity National Information Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIS. Raymond James Financial Services Advisors Inc. grew its position in shares of Fidelity National Information Services by 0.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 215,492 shares of the information technology services provider’s stock valued at $16,239,000 after purchasing an additional 883 shares in the last quarter. &PARTNERS grew its holdings in Fidelity National Information Services by 110.2% during the 2nd quarter. &PARTNERS now owns 8,721 shares of the information technology services provider’s stock valued at $657,000 after buying an additional 4,573 shares in the last quarter. Everhart Financial Group Inc. increased its position in shares of Fidelity National Information Services by 64.4% during the second quarter. Everhart Financial Group Inc. now owns 5,447 shares of the information technology services provider’s stock valued at $410,000 after buying an additional 2,133 shares during the period. Family Firm Inc. purchased a new stake in shares of Fidelity National Information Services in the second quarter worth about $35,000. Finally, EdgeRock Capital LLC bought a new position in shares of Fidelity National Information Services in the second quarter valued at approximately $35,000. Institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the business’s stock in a transaction dated 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 purchase, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. The trade was a 6.41 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.77%. Fidelity National Information Services’s payout ratio is currently 57.37%.

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.