William Blair Has Strong Forecast for FIS FY2025 Earnings

Fidelity National Information Services, Inc. (NYSE:FIS) – Analysts at William Blair increased their FY2025 earnings estimates for shares of Fidelity National Information Services in a research report issued to clients and investors on Tuesday, February 11th. William Blair analyst C. Kennedy now anticipates that the information technology services provider will earn $5.65 per share for the year, up from their previous forecast of $5.56. The consensus estimate for Fidelity National Information Services’ current full-year earnings is $5.18 per share.

Several other research firms also recently weighed in on FIS. Royal Bank of Canada reduced their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday. Stephens reduced their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday. TD Cowen upped their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Wells Fargo & Company cut their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Morgan Stanley cut their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $87.95.

Fidelity National Information Services Stock Down 3.0 %

FIS opened at $70.41 on Wednesday. Fidelity National Information Services has a twelve month low of $61.62 and a twelve month high of $91.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $80.83 and a 200 day moving average price of $82.87. The company has a market cap of $37.90 billion, a PE ratio of 28.05, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. During the same quarter in the prior year, the firm posted $0.94 earnings per share.

Hedge Funds Weigh In On Fidelity National Information Services

A number of hedge funds have recently made changes to their positions in FIS. CANADA LIFE ASSURANCE Co boosted its position in Fidelity National Information Services by 0.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 484,674 shares of the information technology services provider’s stock valued at $39,135,000 after buying an additional 3,145 shares during the period. Canada Pension Plan Investment Board boosted its position in Fidelity National Information Services by 5.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 336,763 shares of the information technology services provider’s stock valued at $27,200,000 after buying an additional 17,105 shares during the period. Farringdon Capital Ltd. purchased a new position in Fidelity National Information Services in the 4th quarter valued at approximately $945,000. Marshall Wace LLP boosted its position in Fidelity National Information Services by 13,947.5% in the 4th quarter. Marshall Wace LLP now owns 449,800 shares of the information technology services provider’s stock valued at $36,330,000 after buying an additional 446,598 shares during the period. Finally, NewEdge Advisors LLC boosted its position in Fidelity National Information Services by 4.5% in the 4th quarter. NewEdge Advisors LLC now owns 58,207 shares of the information technology services provider’s stock valued at $4,701,000 after buying an additional 2,484 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.27%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 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.