William Blair Analysts Increase Earnings Estimates for FIS

Fidelity National Information Services, Inc. (NYSE:FIS) – Stock analysts at William Blair increased their FY2024 earnings per share (EPS) estimates for Fidelity National Information Services in a note issued to investors on Monday, November 4th. William Blair analyst C. Kennedy now forecasts that the information technology services provider will post earnings of $5.17 per share for the year, up from their prior forecast of $5.07. The consensus estimate for Fidelity National Information Services’ current full-year earnings is $5.08 per share. William Blair also issued estimates for Fidelity National Information Services’ Q4 2024 earnings at $1.35 EPS, Q1 2025 earnings at $1.27 EPS, Q2 2025 earnings at $1.41 EPS, Q3 2025 earnings at $1.46 EPS, Q4 2025 earnings at $1.51 EPS and FY2026 earnings at $6.08 EPS.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada increased their target price on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday. Barclays raised their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. upped their price target on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday. Bank of America raised their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Finally, Robert W. Baird upped their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.75.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $86.68 on Thursday. The stock has a fifty day moving average of $85.85 and a 200-day moving average of $79.22. The stock has a market capitalization of $47.29 billion, a P/E ratio of 34.53, a price-to-earnings-growth ratio of 0.80 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.35 and a current ratio of 1.18. Fidelity National Information Services has a 52 week low of $50.85 and a 52 week high of $91.98.

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. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 EPS.

Hedge Funds Weigh In On Fidelity National Information Services

Several institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC lifted its position in shares of Fidelity National Information Services by 12.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 5,809 shares of the information technology services provider’s stock valued at $487,000 after buying an additional 655 shares during the last quarter. Caprock Group LLC boosted its position in Fidelity National Information Services by 115.1% during the third quarter. Caprock Group LLC now owns 26,569 shares of the information technology services provider’s stock worth $2,225,000 after purchasing an additional 14,218 shares during the period. Pathstone Holdings LLC increased its stake in shares of Fidelity National Information Services by 3.0% in the third quarter. Pathstone Holdings LLC now owns 36,969 shares of the information technology services provider’s stock worth $3,096,000 after purchasing an additional 1,093 shares in the last quarter. Clarkston Capital Partners LLC raised its position in shares of Fidelity National Information Services by 5.0% in the third quarter. Clarkston Capital Partners LLC now owns 63,000 shares of the information technology services provider’s stock valued at $5,276,000 after purchasing an additional 3,000 shares during the period. Finally, Claro Advisors LLC purchased a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at approximately $208,000. Institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Dividend Announcement

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 dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s payout ratio is presently 57.37%.

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.