Fidelity National Information Services (NYSE:FIS) Posts Earnings Results, Beats Expectations By $0.01 EPS

Fidelity National Information Services (NYSE:FISGet Rating) released its quarterly earnings data on Thursday. The information technology services provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.01, Briefing.com reports. Fidelity National Information Services had a return on equity of 8.95% and a net margin of 5.88%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the company posted $1.61 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. Fidelity National Information Services updated its Q3 guidance to $1.74-$1.78 EPS and its FY22 guidance to $7.00-$7.10 EPS.

Fidelity National Information Services Trading Up 0.8 %

Shares of Fidelity National Information Services stock traded up $0.80 during trading on Friday, hitting $97.37. 3,425,999 shares of the company were exchanged, compared to its average volume of 2,920,782. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.74. The firm’s fifty day moving average price is $97.38 and its 200 day moving average price is $99.82. Fidelity National Information Services has a 1-year low of $85.00 and a 1-year high of $135.62. The firm has a market capitalization of $59.20 billion, a P/E ratio of 70.56, a price-to-earnings-growth ratio of 0.99 and a beta of 0.76.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.93%. Fidelity National Information Services’s dividend payout ratio is 136.23%.

Institutional Investors Weigh In On Fidelity National Information Services

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. grew its holdings in shares of Fidelity National Information Services by 83.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 130 shares in the last quarter. Covestor Ltd raised its stake in shares of Fidelity National Information Services by 102.2% in the first quarter. Covestor Ltd now owns 641 shares of the information technology services provider’s stock valued at $64,000 after buying an additional 324 shares during the period. Continuum Advisory LLC purchased a new position in shares of Fidelity National Information Services in the first quarter valued at $291,000. SkyView Investment Advisors LLC grew its holdings in shares of Fidelity National Information Services by 8.8% during the 1st quarter. SkyView Investment Advisors LLC now owns 3,064 shares of the information technology services provider’s stock worth $302,000 after acquiring an additional 247 shares during the period. Finally, EP Wealth Advisors LLC boosted its stake in Fidelity National Information Services by 3.8% during the 1st quarter. EP Wealth Advisors LLC now owns 3,098 shares of the information technology services provider’s stock valued at $311,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 89.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on Fidelity National Information Services in a report on Tuesday, May 17th. They issued a “buy” rating and a $128.00 price target for the company. Truist Financial decreased their price objective on Fidelity National Information Services from $105.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, June 30th. Morgan Stanley dropped their price objective on Fidelity National Information Services from $102.00 to $100.00 and set an “equal weight” rating for the company in a research report on Thursday, June 30th. Evercore ISI upgraded Fidelity National Information Services from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $115.00 to $135.00 in a research report on Monday, June 13th. Finally, Oppenheimer lowered their price objective on Fidelity National Information Services from $126.00 to $118.00 and set an “outperform” rating for the company in a research report on Monday, July 25th. Five analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average target price of $129.23.

Fidelity National Information Services Company Profile

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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 enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

Further Reading

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

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