Fidelity National Information Services (NYSE:FIS) Issues Q2 Earnings Guidance

Fidelity National Information Services (NYSE:FIS) updated its second quarter earnings guidance on Monday. The company provided EPS guidance of $1.21-1.25 for the period, compared to the consensus EPS estimate of $1.14. The company issued revenue guidance of $2.465-2.490 billion, compared to the consensus revenue estimate of $2.49 billion. Fidelity National Information Services also updated its FY 2024 guidance to 4.880-4.980 EPS.

Analyst Ratings Changes

A number of analysts recently issued reports on FIS shares. Stephens reissued an overweight rating and set a $90.00 price target on shares of Fidelity National Information Services in a report on Tuesday. TheStreet raised Fidelity National Information Services from a d rating to a c rating in a research note on Monday, February 26th. BNP Paribas cut Fidelity National Information Services from an outperform rating to a neutral rating and set a $72.00 target price on the stock. in a report on Thursday, April 11th. Robert W. Baird upped their price objective on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the company a neutral rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods lifted their target price on Fidelity National Information Services from $82.00 to $85.00 and gave the company an outperform rating in a research report on Wednesday. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Fidelity National Information Services currently has an average rating of Moderate Buy and a consensus target price of $78.11.

Fidelity National Information Services Price Performance

NYSE FIS traded down $0.12 on Thursday, reaching $73.93. The company’s stock had a trading volume of 1,024,668 shares, compared to its average volume of 4,440,941. The firm’s 50 day moving average is $70.79 and its two-hundred day moving average is $62.91. The stock has a market cap of $41.51 billion, a PE ratio of -7.24, a PEG ratio of 0.88 and a beta of 0.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75. Fidelity National Information Services has a twelve month low of $46.91 and a twelve month high of $75.71.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period last year, the firm posted $1.29 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Fidelity National Information Services will post 4.71 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be given a $0.36 dividend. The ex-dividend date is Monday, June 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.95%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Fidelity National Information Services declared that its board has authorized a stock repurchase program on Monday, February 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 775 shares of the stock in a transaction dated Monday, April 15th. The shares were acquired at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the acquisition, the director now directly owns 9,052 shares in the company, valued at approximately $655,093.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.68% of the company’s stock.

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.