Fidelity National Information Services, Inc. (NYSE:FIS) Plans Quarterly Dividend of $0.44

Fidelity National Information Services, Inc. (NYSE:FIS) announced a quarterly dividend on Thursday, January 29th. Stockholders of record on Tuesday, March 10th will be given a dividend of 0.44 per share by the information technology services provider on Tuesday, March 24th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, March 10th. This is a 10.0% increase from Fidelity National Information Services’s previous quarterly dividend of $0.40.

Fidelity National Information Services has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Fidelity National Information Services has a payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Fidelity National Information Services to earn $6.27 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 25.5%.

Fidelity National Information Services Price Performance

FIS traded down $0.11 on Friday, hitting $55.09. 1,218,494 shares of the stock were exchanged, compared to its average volume of 3,501,053. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.53 and a quick ratio of 0.53. Fidelity National Information Services has a 12 month low of $54.40 and a 12 month high of $83.97. The firm has a market capitalization of $28.53 billion, a price-to-earnings ratio of 203.93, a PEG ratio of 0.84 and a beta of 0.93. The business has a 50-day moving average of $64.86 and a two-hundred day moving average of $67.81.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.03. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the firm posted $1.40 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Sell-side analysts forecast that Fidelity National Information Services will post 5.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of research analyst reports. Citigroup raised Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Wells Fargo & Company started coverage on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 target price for the company. KeyCorp reaffirmed a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. BNP Paribas Exane lowered their price target on shares of Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating for the company in a report on Tuesday, January 20th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a report on Thursday, January 22nd. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Hold” and a consensus price target of $79.53.

Fidelity National Information Services Company Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.