Fidelity National Information Services (NYSE:FIS) Announces Earnings Results, Beats Estimates By $0.03 EPS

Fidelity National Information Services (NYSE:FIS) posted its quarterly earnings results on Wednesday. The information technology services provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.03, Zacks reports. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. Fidelity National Information Services’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.40 earnings per share. Fidelity National Information Services updated its FY 2025 guidance to 5.740-5.780 EPS.

Fidelity National Information Services Stock Up 2.5%

NYSE:FIS traded up $1.56 during midday trading on Wednesday, reaching $64.71. The company had a trading volume of 7,615,135 shares, compared to its average volume of 3,785,179. Fidelity National Information Services has a 12-month low of $59.51 and a 12-month high of $89.57. The stock’s fifty day simple moving average is $66.62 and its 200-day simple moving average is $74.13. The firm has a market capitalization of $33.80 billion, a price-to-earnings ratio of 359.49 and a beta of 1.05. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, December 9th. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. Fidelity National Information Services’s dividend payout ratio (DPR) is 888.89%.

Analyst Ratings Changes

FIS has been the topic of several recent analyst reports. KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Wells Fargo & Company initiated coverage on Fidelity National Information Services in a research report on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 price objective for the company. Citigroup upgraded Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. Keefe, Bruyette & Woods lowered their price objective on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Finally, Stephens lowered their price objective on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, October 16th. Eleven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $86.25.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 889 shares of Fidelity National Information Services stock in a transaction dated Wednesday, October 15th. The shares were acquired at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the acquisition, the director owned 13,588 shares of the company’s stock, valued at $919,364.08. This trade represents a 7.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.

Institutional Trading of Fidelity National Information Services

A number of hedge funds and other institutional investors have recently made changes to their positions in FIS. Brighton Jones LLC purchased a new position in Fidelity National Information Services during the 4th quarter worth $347,000. Geneos Wealth Management Inc. grew its position in Fidelity National Information Services by 70.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after purchasing an additional 431 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at about $302,000. Marshall Wace LLP purchased a new stake in Fidelity National Information Services in the 2nd quarter valued at approximately $4,896,000. Finally, Cresset Asset Management LLC boosted its holdings in Fidelity National Information Services by 20.5% in the 2nd quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock valued at $431,000 after purchasing an additional 901 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

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.