What is Seaport Res Ptn’s Estimate for FIS FY2024 Earnings?

Fidelity National Information Services, Inc. (NYSE:FIS) – Investment analysts at Seaport Res Ptn lifted their FY2024 earnings estimates for shares of Fidelity National Information Services in a note issued to investors on Monday, November 4th. Seaport Res Ptn analyst J. Cantwell now forecasts that the information technology services provider will earn $5.17 per share for the year, up from their prior forecast of $5.06. The consensus estimate for Fidelity National Information Services’ current full-year earnings is $5.09 per share. Seaport Res Ptn also issued estimates for Fidelity National Information Services’ Q4 2024 earnings at $1.34 EPS, Q1 2026 earnings at $1.58 EPS, Q2 2026 earnings at $1.60 EPS, Q3 2026 earnings at $1.83 EPS and FY2026 earnings at $6.87 EPS.

A number of other brokerages also recently weighed in on FIS. Barclays boosted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Royal Bank of Canada boosted their price target on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday. UBS Group increased their target price on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Morgan Stanley increased their price objective on Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.75.

Fidelity National Information Services Stock Down 3.5 %

Fidelity National Information Services stock opened at $86.57 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market cap of $47.23 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. Fidelity National Information Services has a fifty-two week low of $49.91 and a fifty-two week high of $91.98. The firm’s 50-day simple moving average is $85.75 and its 200 day simple moving average is $79.17.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the company posted $0.94 earnings per share. Fidelity National Information Services’s revenue was up 3.1% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its position in shares of Fidelity National Information Services by 15.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 118,326 shares of the information technology services provider’s stock valued at $8,777,000 after purchasing an additional 15,865 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in Fidelity National Information Services during the first quarter valued at approximately $54,000. Nordea Investment Management AB grew its position in Fidelity National Information Services by 2.3% during the first quarter. Nordea Investment Management AB now owns 43,236 shares of the information technology services provider’s stock valued at $3,222,000 after acquiring an additional 971 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Fidelity National Information Services by 154.1% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,754 shares of the information technology services provider’s stock worth $204,000 after acquiring an additional 1,670 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of Fidelity National Information Services by 11.8% in the 1st quarter. GSA Capital Partners LLP now owns 6,407 shares of the information technology services provider’s stock valued at $475,000 after purchasing an additional 677 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the acquisition, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.66%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s payout ratio is 57.37%.

About Fidelity National Information Services

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.