FY2024 Earnings Forecast for FIS Issued By KeyCorp

Fidelity National Information Services, Inc. (NYSE:FIS) – KeyCorp issued their FY2024 earnings per share estimates for Fidelity National Information Services in a report released on Wednesday, December 18th. KeyCorp analyst A. Markgraff anticipates that the information technology services provider will post earnings per share of $5.18 for the year. The consensus estimate for Fidelity National Information Services’ current full-year earnings is $5.18 per share. KeyCorp also issued estimates for Fidelity National Information Services’ Q4 2024 earnings at $1.35 EPS.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 earnings per share.

FIS has been the subject of a number of other research reports. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Oppenheimer began coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Mizuho lifted their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. TD Cowen increased their target price on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. boosted their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average target price of $91.75.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $81.46 on Friday. The business has a 50 day moving average price of $86.85 and a two-hundred day moving average price of $81.76. Fidelity National Information Services has a fifty-two week low of $58.24 and a fifty-two week high of $91.98. The firm has a market cap of $43.85 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 0.72 and a beta of 1.03. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

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 1.77%. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

Insider Buying and Selling at Fidelity National Information Services

In related news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction on Tuesday, October 15th. The shares were purchased at an average cost of $88.25 per share, with a total value of $55,244.50. Following the completion of the purchase, the director now directly owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIS. Larson Financial Group LLC increased its holdings in shares of Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 159 shares during the period. Kennebec Savings Bank acquired a new position in Fidelity National Information Services in the 3rd quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Fidelity National Information Services in the 2nd quarter worth approximately $30,000. Family Firm Inc. acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at $35,000. Finally, EdgeRock Capital LLC purchased a new position in shares of Fidelity National Information Services during the 2nd quarter valued at $35,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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.