Q4 2021 Earnings Forecast for Fidelity National Information Services, Inc. (NYSE:FIS) Issued By Jefferies Financial Group

Fidelity National Information Services, Inc. (NYSE:FIS) – Research analysts at Jefferies Financial Group reduced their Q4 2021 earnings estimates for Fidelity National Information Services in a research note issued to investors on Wednesday, January 12th. Jefferies Financial Group analyst T. Williams now forecasts that the information technology services provider will post earnings per share of $1.92 for the quarter, down from their prior forecast of $1.97. Jefferies Financial Group also issued estimates for Fidelity National Information Services’ Q1 2022 earnings at $1.54 EPS, Q3 2022 earnings at $1.86 EPS, FY2022 earnings at $7.29 EPS and FY2023 earnings at $8.26 EPS.

Several other research firms have also recently weighed in on FIS. KeyCorp reduced their target price on shares of Fidelity National Information Services from $175.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday. UBS Group assumed coverage on shares of Fidelity National Information Services in a research note on Wednesday, November 17th. They issued a “buy” rating and a $142.00 target price for the company. Bank of America reduced their target price on shares of Fidelity National Information Services from $150.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, December 17th. Loop Capital assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday, December 14th. They issued a “buy” rating and a $139.00 target price for the company. Finally, Barclays reduced their target price on shares of Fidelity National Information Services from $154.00 to $141.00 and set an “overweight” rating for the company in a research note on Tuesday, December 7th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $147.89.

NYSE FIS opened at $118.04 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a 50-day simple moving average of $110.64 and a 200 day simple moving average of $123.30. Fidelity National Information Services has a twelve month low of $101.79 and a twelve month high of $155.96. The stock has a market cap of $71.88 billion, a PE ratio of 319.04, a PEG ratio of 1.15 and a beta of 0.75.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Thursday, November 4th. The information technology services provider reported $1.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.05. Fidelity National Information Services had a net margin of 1.69% and a return on equity of 8.08%. The company had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same period in the prior year, the company earned $1.42 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Fidelity National Information Services by 3.8% during the third quarter. BlackRock Inc. now owns 52,872,604 shares of the information technology services provider’s stock valued at $6,433,538,000 after purchasing an additional 1,951,995 shares during the last quarter. Capital International Investors grew its stake in shares of Fidelity National Information Services by 4.0% during the second quarter. Capital International Investors now owns 25,265,736 shares of the information technology services provider’s stock valued at $3,579,450,000 after purchasing an additional 973,273 shares during the last quarter. State Street Corp grew its stake in shares of Fidelity National Information Services by 1.6% during the second quarter. State Street Corp now owns 24,505,262 shares of the information technology services provider’s stock valued at $3,471,660,000 after purchasing an additional 375,933 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Fidelity National Information Services by 0.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 24,206,929 shares of the information technology services provider’s stock valued at $3,429,396,000 after purchasing an additional 81,851 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Fidelity National Information Services by 11.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 20,291,807 shares of the information technology services provider’s stock valued at $2,469,108,000 after acquiring an additional 2,081,910 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Gary Norcross sold 105,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 28th. The shares were sold at an average price of $109.66, for a total transaction of $11,514,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.65% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 27th. Stockholders of record on Monday, December 13th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Friday, December 10th. Fidelity National Information Services’s payout ratio is 421.63%.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the business of technology, solutions and services for merchants, banks and capital markets businesses. It operates through the following segments: Merchant, Banking, and Capital Markets. The Merchant segment is focused on serving merchants of all sizes globally, enabling them to accept electronic payments, including credit, debit and prepaid payments originated at a physical point of sale as well as in card-not-present environments such as eCommerce and mobile.

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

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