Fidelity National Information Services (NYSE:FIS) Issues Earnings Results

Fidelity National Information Services (NYSE:FIS) announced its earnings results on Tuesday. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05, Zacks reports. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same period last year, the company posted $0.94 EPS. Fidelity National Information Services updated its FY 2025 guidance to 5.700-5.800 EPS and its Q1 2025 guidance to 1.170-1.220 EPS.

Fidelity National Information Services Price Performance

NYSE FIS opened at $73.13 on Wednesday. The company has a market capitalization of $39.37 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The business’s fifty day moving average is $81.08 and its 200 day moving average is $82.94. Fidelity National Information Services has a fifty-two week low of $60.39 and a fifty-two week high of $91.98.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.19%. Fidelity National Information Services’s payout ratio is 57.37%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FIS. UBS Group upped their target price on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Robert W. Baird increased their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Morgan Stanley reduced their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Jefferies Financial Group increased their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company started coverage on Fidelity National Information Services in a report on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $90.27.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

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.