Seaport Res Ptn Brokers Increase Earnings Estimates for FIS

Fidelity National Information Services, Inc. (NYSE:FIS) – Stock analysts at Seaport Res Ptn boosted their FY2024 earnings estimates for Fidelity National Information Services in a research note issued on Monday, November 4th. Seaport Res Ptn analyst J. Cantwell now expects that the information technology services provider will post earnings per share of $5.17 for the year, up from their previous estimate of $5.06. The consensus estimate for Fidelity National Information Services’ current full-year earnings is $5.09 per share. Seaport Res Ptn also issued estimates for Fidelity National Information Services’ Q4 2024 earnings at $1.34 EPS, Q1 2026 earnings at $1.58 EPS, Q2 2026 earnings at $1.60 EPS, Q3 2026 earnings at $1.83 EPS and FY2026 earnings at $6.87 EPS.

Several other research firms have also issued reports on FIS. JPMorgan Chase & Co. lifted their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday. Oppenheimer began coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Morgan Stanley increased their target price on Fidelity National Information Services from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Tuesday. TD Cowen lifted their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Barclays increased their price objective 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. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.75.

Fidelity National Information Services Trading Down 3.5 %

NYSE FIS opened at $86.57 on Wednesday. The stock’s 50 day moving average is $85.75 and its 200 day moving average is $79.17. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $47.23 billion, a PE ratio of 34.49, a P/E/G ratio of 0.79 and a beta of 1.06. Fidelity National Information Services has a twelve month low of $49.91 and a twelve month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the firm posted $0.94 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis.

Institutional Trading of Fidelity National Information Services

Several hedge funds have recently bought and sold shares of FIS. Kennebec Savings Bank purchased a new position in shares of Fidelity National Information Services during the 3rd quarter valued at about $28,000. University of Texas Texas AM Investment Management Co. bought a new stake in Fidelity National Information Services during the 2nd quarter worth approximately $30,000. Concord Wealth Partners lifted its holdings in Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after purchasing an additional 146 shares in the last quarter. Family Firm Inc. bought a new position in shares of Fidelity National Information Services in the second quarter worth approximately $35,000. Finally, EdgeRock Capital LLC purchased a new stake in shares of Fidelity National Information Services in the second quarter worth $35,000. Institutional investors own 96.23% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now directly owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.66%. Fidelity National Information Services’s payout ratio is presently 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.