Fidelity National Information Services (NYSE:FIS) Issues FY22 Earnings Guidance

Fidelity National Information Services (NYSE:FISGet Rating) issued an update on its FY22 earnings guidance on Thursday morning. The company provided EPS guidance of $7.00-$7.10 for the period, compared to the consensus EPS estimate of $7.25. The company issued revenue guidance of $14.615-$14.700 billion, compared to the consensus revenue estimate of $14.83 billion. Fidelity National Information Services also updated its Q3 guidance to $1.74-$1.78 EPS.

Fidelity National Information Services Price Performance

NYSE:FIS traded up $0.80 during mid-day trading on Friday, hitting $97.37. 3,425,999 shares of the company’s stock traded hands, compared to its average volume of 2,920,782. Fidelity National Information Services has a 1 year low of $85.00 and a 1 year high of $135.62. The company has a market cap of $59.20 billion, a PE ratio of 70.56, a price-to-earnings-growth ratio of 0.99 and a beta of 0.76. The firm’s 50 day simple moving average is $97.38 and its 200 day simple moving average is $99.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.74 and a current ratio of 0.69.

Fidelity National Information Services (NYSE:FISGet Rating) last released its earnings results on Thursday, August 4th. The information technology services provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.01. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Fidelity National Information Services had a net margin of 5.88% and a return on equity of 8.95%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $1.61 earnings per share. Sell-side analysts expect that Fidelity National Information Services will post 7.13 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a dividend of $0.47 per share. The ex-dividend date 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 currently 136.23%.

Analysts Set New Price Targets

FIS has been the subject of a number of research analyst reports. Wolfe Research dropped their price target on shares of Fidelity National Information Services from $165.00 to $135.00 in a research note on Wednesday, July 20th. Evercore ISI upgraded Fidelity National Information Services from an in-line rating to an outperform rating and boosted their price objective for the stock from $115.00 to $135.00 in a report on Monday, June 13th. Deutsche Bank Aktiengesellschaft cut their price objective on Fidelity National Information Services from $155.00 to $116.00 in a report on Wednesday, April 20th. Citigroup cut their price objective on Fidelity National Information Services from $138.00 to $130.00 in a report on Monday, April 25th. Finally, Truist Financial cut 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. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services presently has a consensus rating of Moderate Buy and a consensus target price of $129.23.

Institutional Investors Weigh In On Fidelity National Information Services

Several large investors have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its position in Fidelity National Information Services by 491.5% during the first quarter. Acadian Asset Management LLC now owns 3,904 shares of the information technology services provider’s stock worth $391,000 after purchasing an additional 3,244 shares during the period. Synovus Financial Corp boosted its position in Fidelity National Information Services by 71.6% during the first quarter. Synovus Financial Corp now owns 9,791 shares of the information technology services provider’s stock worth $982,000 after purchasing an additional 4,085 shares during the period. Prudential PLC bought a new stake in Fidelity National Information Services during the first quarter worth approximately $1,173,000. Baird Financial Group Inc. boosted its position in Fidelity National Information Services by 8.2% during the first quarter. Baird Financial Group Inc. now owns 194,714 shares of the information technology services provider’s stock worth $19,553,000 after purchasing an additional 14,819 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in Fidelity National Information Services by 83.3% during the first 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 during the period. Institutional investors own 89.51% of the company’s stock.

About Fidelity National Information Services

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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.

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

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