Fidelity National Information Services (FIS) Scheduled to Post Earnings on Monday

Fidelity National Information Services (NYSE:FIS) is scheduled to be posting its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Fidelity National Information Services to post earnings of $0.96 per share for the quarter. Fidelity National Information Services has set its Q1 guidance at $0.94-$0.97 EPS and its FY24 guidance at $4.66-$4.76 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.52 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.71 earnings per share. On average, analysts expect Fidelity National Information Services to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Fidelity National Information Services Stock Performance

FIS stock opened at $70.72 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $39.71 billion, a price-to-earnings ratio of -6.29, a PEG ratio of 0.85 and a beta of 0.98. Fidelity National Information Services has a 1 year low of $46.91 and a 1 year high of $74.75. The stock’s fifty day moving average is $70.43 and its two-hundred day moving average is $62.34.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s payout ratio is -12.81%.

Fidelity National Information Services announced that its board has initiated a share repurchase plan on Monday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 775 shares of the stock in a transaction on Monday, April 15th. The shares were bought at an average price of $72.37 per share, with a total value of $56,086.75. Following the purchase, the director now directly owns 9,052 shares in the company, valued at approximately $655,093.24. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

FIS has been the topic of a number of recent analyst reports. UBS Group lifted their price objective on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Evercore ISI lifted their price objective on shares of Fidelity National Information Services from $62.00 to $75.00 and gave the company an “in-line” rating in a research note on Tuesday. The Goldman Sachs Group began coverage on shares of Fidelity National Information Services in a research report on Thursday, February 29th. They issued a “buy” rating and a $84.00 price target on the stock. Robert W. Baird downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and upped their price target for the company from $76.00 to $78.00 in a report on Wednesday, March 13th. Finally, BNP Paribas downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price target for the company. in a report on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.50.

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.