Fidelity National Information Services, Inc. to Post FY2024 Earnings of $7.55 Per Share, Jefferies Financial Group Forecasts (NYSE:FIS)
Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) – Jefferies Financial Group issued their FY2024 earnings estimates for shares of Fidelity National Information Services in a research report issued on Friday, December 9th. Jefferies Financial Group analyst T. Williams expects that the information technology services provider will earn $7.55 per share for the year. Jefferies Financial Group has a “Hold” rating and a $75.00 price target on the stock. The consensus estimate for Fidelity National Information Services’ current full-year earnings is $6.63 per share.
Fidelity National Information Services (NYSE:FIS – Get Rating) last issued its earnings results on Thursday, November 3rd. The information technology services provider reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.01). Fidelity National Information Services had a return on equity of 9.01% and a net margin of 6.47%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.61 billion.
Several other research firms also recently commented on FIS. Credit Suisse Group decreased their price target on shares of Fidelity National Information Services from $120.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. The Goldman Sachs Group lowered their target price on shares of Fidelity National Information Services from $114.00 to $82.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. Truist Financial reduced their target price on shares of Fidelity National Information Services from $80.00 to $70.00 in a report on Friday, November 4th. Atlantic Securities downgraded Fidelity National Information Services from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $125.00 to $90.00 in a research report on Wednesday, October 12th. Finally, Barclays reduced their target price on Fidelity National Information Services from $110.00 to $90.00 and set an “overweight” rating on the stock in a research note on Sunday, November 6th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average price target of $103.89.
Fidelity National Information Services Price Performance
FIS stock opened at $70.27 on Monday. The firm has a 50 day moving average of $71.62 and a 200-day moving average of $86.49. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.30. Fidelity National Information Services has a 12 month low of $56.53 and a 12 month high of $122.06. The firm has a market capitalization of $41.70 billion, a P/E ratio of 45.93, a price-to-earnings-growth ratio of 0.88 and a beta of 0.81.
Hedge Funds Weigh In On Fidelity National Information Services
Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in Fidelity National Information Services by 2.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,351,553 shares of the information technology services provider’s stock valued at $404,416,000 after purchasing an additional 147,367 shares in the last quarter. Weiss Asset Management LP purchased a new position in Fidelity National Information Services during the third quarter worth $3,813,000. Centaurus Financial Inc. purchased a new position in Fidelity National Information Services during the third quarter worth $229,000. Robeco Institutional Asset Management B.V. increased its position in Fidelity National Information Services by 13.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 259,228 shares of the information technology services provider’s stock worth $19,592,000 after buying an additional 30,333 shares in the last quarter. Finally, Bridgefront Capital LLC purchased a new position in Fidelity National Information Services during the third quarter worth $614,000. 90.39% of the stock is owned by hedge funds and other institutional investors.
Fidelity National Information Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, December 9th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.68%. The ex-dividend date is Thursday, December 8th. Fidelity National Information Services’s payout ratio is currently 122.88%.
Fidelity National Information Services Company Profile
Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Fidelity National Information Services, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Fidelity National Information Services wasn’t on the list.
While Fidelity National Information Services currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
link
