Fidelity National Information Services (NYSE:FIS) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Fidelity National Information Services (NYSE:FIS) announced its quarterly earnings results on Wednesday. The information technology services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.03, Zacks reports. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the prior year, the company earned $1.40 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. Fidelity National Information Services updated its FY 2025 guidance to 5.740-5.780 EPS.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS traded up $1.56 during midday trading on Wednesday, reaching $64.71. The company’s stock had a trading volume of 7,615,135 shares, compared to its average volume of 3,785,179. Fidelity National Information Services has a twelve month low of $59.51 and a twelve month high of $89.57. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $33.80 billion, a PE ratio of 359.49 and a beta of 1.05. The stock has a fifty day moving average of $66.62 and a 200 day moving average of $74.13.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, December 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. Fidelity National Information Services’s dividend payout ratio is presently 888.89%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 889 shares of the stock in a transaction dated Wednesday, October 15th. The shares were purchased at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the purchase, the director directly owned 13,588 shares of the company’s stock, valued at $919,364.08. This represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.21% of the stock is owned by insiders.

Institutional Trading of Fidelity National Information Services

A number of hedge funds have recently modified their holdings of FIS. Geneos Wealth Management Inc. grew its position in Fidelity National Information Services by 70.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock valued at $78,000 after buying an additional 431 shares during the period. MUFG Securities EMEA plc acquired a new stake in Fidelity National Information Services during the second quarter valued at $127,000. FSB Premier Wealth Management Inc. acquired a new stake in Fidelity National Information Services during the second quarter valued at $202,000. Kensington Investment Counsel LLC acquired a new stake in Fidelity National Information Services during the second quarter valued at $206,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Fidelity National Information Services during the second quarter valued at $266,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FIS. Stephens lowered their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Susquehanna reduced their target price on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. Citigroup raised Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Hold” and an average target price of $86.25.

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.