Fidelity National Information Services, Inc. (NYSE:FIS) Expected to Post Earnings of $1.54 Per Share

Wall Street analysts expect Fidelity National Information Services, Inc. (NYSE:FIS) to report $1.54 earnings per share (EPS) for the current quarter, Zacks reports. Ten analysts have made estimates for Fidelity National Information Services’ earnings, with estimates ranging from $1.50 to $1.57. Fidelity National Information Services reported earnings of $1.15 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 33.9%. The firm is expected to issue its next earnings results on Tuesday, August 3rd.

According to Zacks, analysts expect that Fidelity National Information Services will report full year earnings of $6.47 per share for the current financial year, with EPS estimates ranging from $6.32 to $6.57. For the next year, analysts forecast that the business will post earnings of $7.48 per share, with EPS estimates ranging from $7.21 to $7.86. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Fidelity National Information Services.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Thursday, May 6th. The information technology services provider reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. Fidelity National Information Services had a positive return on equity of 7.01% and a negative net margin of 1.82%. The firm had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the prior year, the business posted $1.28 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year.

FIS has been the topic of a number of analyst reports. Raymond James upped their price target on Fidelity National Information Services from $170.00 to $194.00 and gave the company a “strong-buy” rating in a research report on Friday, May 7th. Barclays increased their target price on Fidelity National Information Services from $167.00 to $173.00 and gave the stock an “overweight” rating in a report on Monday, May 10th. Robert W. Baird increased their target price on Fidelity National Information Services from $166.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, April 15th. TheStreet upgraded Fidelity National Information Services from a “c” rating to a “b-” rating in a report on Friday, March 12th. Finally, Truist cut Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 target price on the stock. in a report on Monday. They noted that the move was a valuation call. Seven equities research 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 stock. The company presently has an average rating of “Buy” and an average price target of $165.59.

NYSE:FIS traded up $0.25 during trading hours on Thursday, reaching $145.38. The company had a trading volume of 2,716,022 shares, compared to its average volume of 3,566,550. The business has a 50-day simple moving average of $149.51. Fidelity National Information Services has a one year low of $120.17 and a one year high of $156.73. The firm has a market cap of $90.15 billion, a price-to-earnings ratio of -381.91, a PEG ratio of 1.22 and a beta of 0.85. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.34.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 25th. Shareholders of record on Friday, June 11th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, June 10th. Fidelity National Information Services’s payout ratio is 28.57%.

In other Fidelity National Information Services news, EVP Marc M. Mayo sold 27,409 shares of the stock in a transaction dated Thursday, April 8th. The stock was sold at an average price of $150.00, for a total value of $4,111,350.00. Following the completion of the sale, the executive vice president now directly owns 57,889 shares in the company, valued at $8,683,350. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James B. Stallings, Jr. sold 17,800 shares of the stock in a transaction dated Wednesday, June 9th. The stock was sold at an average price of $144.95, for a total value of $2,580,110.00. Following the completion of the sale, the director now owns 18,805 shares of the company’s stock, valued at $2,725,784.75. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

Several institutional investors have recently made changes to their positions in FIS. Capital International Investors increased its holdings in shares of Fidelity National Information Services by 32.5% in the first quarter. Capital International Investors now owns 24,292,463 shares of the information technology services provider’s stock worth $3,416,150,000 after acquiring an additional 5,957,633 shares in the last quarter. Norges Bank bought a new stake in shares of Fidelity National Information Services in the fourth quarter worth about $762,213,000. BlackRock Inc. increased its holdings in shares of Fidelity National Information Services by 9.2% in the first quarter. BlackRock Inc. now owns 47,042,904 shares of the information technology services provider’s stock worth $6,614,703,000 after acquiring an additional 3,971,473 shares in the last quarter. Viking Global Investors LP increased its holdings in shares of Fidelity National Information Services by 33.2% in the fourth quarter. Viking Global Investors LP now owns 11,835,412 shares of the information technology services provider’s stock worth $1,674,237,000 after acquiring an additional 2,948,891 shares in the last quarter. Finally, Lone Pine Capital LLC bought a new position in shares of Fidelity National Information Services during the fourth quarter worth about $396,075,000. Institutional investors own 89.02% of the company’s stock.

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 merchant acquiring, integrated payment, and global e-commerce solutions.

Further Reading: Special Purpose Acquisition Company (SPAC)

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Earnings History and Estimates for Fidelity National Information Services (NYSE:FIS)

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