Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) – Research analysts at Jefferies Financial Group cut their Q2 2022 earnings per share (EPS) estimates for shares of Fidelity National Information Services in a research report issued on Wednesday, July 20th. Jefferies Financial Group analyst T. Williams now forecasts that the information technology services provider will post earnings of $1.69 per share for the quarter, down from their previous forecast of $1.72. The consensus estimate for Fidelity National Information Services’ current full-year earnings is $7.28 per share. Jefferies Financial Group also issued estimates for Fidelity National Information Services’ Q3 2023 earnings at $2.09 EPS, Q4 2023 earnings at $2.37 EPS and FY2023 earnings at $7.95 EPS.
Fidelity National Information Services (NYSE:FIS – Get Rating) last announced its earnings results on Tuesday, May 3rd. The information technology services provider reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.01. Fidelity National Information Services had a return on equity of 8.76% and a net margin of 6.43%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter last year, the firm earned $1.30 EPS. Fidelity National Information Services’s revenue for the quarter was up 8.3% compared to the same quarter last year.
FIS has been the topic of several other research reports. StockNews.com started coverage on Fidelity National Information Services in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Truist Financial lowered their price target on Fidelity National Information Services from $105.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, June 30th. Citigroup lowered their price target on Fidelity National Information Services from $138.00 to $130.00 in a research report on Monday, April 25th. KeyCorp lowered their price target on Fidelity National Information Services from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, March 28th. Finally, Keefe, Bruyette & Woods lowered their price target on Fidelity National Information Services from $145.00 to $125.00 in a research report on Monday, July 11th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.85.
Fidelity National Information Services Stock Up 0.1 %
Shares of Fidelity National Information Services stock opened at $99.02 on Friday. The business’s 50 day simple moving average is $97.40 and its 200 day simple moving average is $101.00. Fidelity National Information Services has a 52-week low of $85.00 and a 52-week high of $152.20. The firm has a market cap of $60.20 billion, a PE ratio of 66.91, a P/E/G ratio of 0.98 and a beta of 0.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 0.74.
Institutional Trading of Fidelity National Information Services
A number of institutional investors have recently modified their holdings of FIS. Norges Bank bought a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $562,481,000. Steadfast Capital Management LP lifted its position in shares of Fidelity National Information Services by 11,686.3% during the 1st quarter. Steadfast Capital Management LP now owns 4,055,900 shares of the information technology services provider’s stock worth $407,293,000 after buying an additional 4,021,488 shares during the last quarter. Capital International Investors lifted its position in shares of Fidelity National Information Services by 12.3% during the 4th quarter. Capital International Investors now owns 34,213,281 shares of the information technology services provider’s stock worth $3,734,671,000 after buying an additional 3,742,833 shares during the last quarter. Boston Partners lifted its position in shares of Fidelity National Information Services by 80.1% during the 4th quarter. Boston Partners now owns 7,031,348 shares of the information technology services provider’s stock worth $768,182,000 after buying an additional 3,127,602 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Fidelity National Information Services by 14.3% during the 1st quarter. Wellington Management Group LLP now owns 24,642,600 shares of the information technology services provider’s stock worth $2,474,610,000 after buying an additional 3,075,338 shares during the last quarter. 89.51% of the stock is currently owned by institutional investors.
Fidelity National Information Services Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.90%. Fidelity National Information Services’s payout ratio is 127.03%.
About Fidelity National Information Services
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.
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