Brokers Set Expectations for Fidelity National Information Services, Inc.’s Q4 2022 Earnings (NYSE:FIS)

Fidelity National Information Services, Inc. (NYSE:FISGet Rating) – Investment analysts at Jefferies Financial Group lifted their Q4 2022 EPS estimates for shares of Fidelity National Information Services in a report released on Tuesday, April 19th. Jefferies Financial Group analyst T. Williams now forecasts that the information technology services provider will post earnings per share of $2.19 for the quarter, up from their previous estimate of $2.15. Jefferies Financial Group has a “Buy” rating and a $120.00 price objective on the stock. Jefferies Financial Group also issued estimates for Fidelity National Information Services’ Q2 2023 earnings at $1.97 EPS, Q3 2023 earnings at $2.12 EPS and FY2023 earnings at $8.21 EPS.

A number of other equities analysts also recently commented on FIS. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 15th. BNP Paribas raised Fidelity National Information Services from a “neutral” rating to an “outperform” rating and set a $138.00 target price on the stock in a report on Monday, January 10th. Mizuho cut their price target on Fidelity National Information Services from $150.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, February 23rd. Credit Suisse Group lowered their target price on shares of Fidelity National Information Services from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, February 16th. Finally, Citigroup cut their price target on shares of Fidelity National Information Services from $160.00 to $138.00 and set a “buy” rating on the stock in a research note on Wednesday, January 26th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $138.76.

Fidelity National Information Services stock opened at $104.89 on Wednesday. The company has a market capitalization of $63.94 billion, a PE ratio of 154.25, a price-to-earnings-growth ratio of 1.03 and a beta of 0.74. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.74 and a current ratio of 0.74. Fidelity National Information Services has a fifty-two week low of $85.00 and a fifty-two week high of $155.96. The firm has a 50 day moving average price of $98.02 and a 200 day moving average price of $108.07.

Fidelity National Information Services (NYSE:FISGet Rating) last released its earnings results on Tuesday, February 15th. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.03. Fidelity National Information Services had a net margin of 3.01% and a return on equity of 8.50%. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the prior year, the firm earned $1.62 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year.

A number of hedge funds have recently made changes to their positions in the business. Wedbush Securities Inc. increased its position in shares of Fidelity National Information Services by 10.9% during the first quarter. Wedbush Securities Inc. now owns 4,697 shares of the information technology services provider’s stock worth $472,000 after acquiring an additional 461 shares in the last quarter. Foundations Investment Advisors LLC raised its position in Fidelity National Information Services by 6.3% in the 1st quarter. Foundations Investment Advisors LLC now owns 35,867 shares of the information technology services provider’s stock valued at $3,675,000 after buying an additional 2,128 shares during the last quarter. Ellevest Inc. lifted its stake in Fidelity National Information Services by 22.3% in the 1st quarter. Ellevest Inc. now owns 3,072 shares of the information technology services provider’s stock valued at $308,000 after acquiring an additional 560 shares in the last quarter. JB Capital LLC boosted its position in Fidelity National Information Services by 27.7% during the 1st quarter. JB Capital LLC now owns 4,472 shares of the information technology services provider’s stock worth $450,000 after acquiring an additional 969 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Fidelity National Information Services by 2.9% in the first quarter. Fifth Third Bancorp now owns 140,982 shares of the information technology services provider’s stock valued at $14,157,000 after purchasing an additional 3,924 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Friday, March 11th were given a $0.47 dividend. The ex-dividend date of this dividend was Thursday, March 10th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.39. This represents a $1.88 annualized dividend and a dividend yield of 1.79%. Fidelity National Information Services’s payout ratio is currently 276.47%.

About Fidelity National Information Services (Get Rating)

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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