Fidelity National Information Services, Inc. to Post Q2 2022 Earnings of $1.73 Per Share, William Blair Forecasts (NYSE:FIS)

Fidelity National Information Services, Inc. (NYSE:FISGet Rating) – Analysts at William Blair dropped their Q2 2022 earnings per share estimates for Fidelity National Information Services in a report released on Tuesday, May 3rd. William Blair analyst R. Napoli now anticipates that the information technology services provider will post earnings per share of $1.73 for the quarter, down from their prior estimate of $1.87. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Fidelity National Information Services’ Q3 2022 earnings at $1.95 EPS, Q4 2022 earnings at $2.17 EPS, Q1 2023 earnings at $1.98 EPS and Q4 2023 earnings at $2.33 EPS.

Fidelity National Information Services (NYSE:FISGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The information technology services provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.01. Fidelity National Information Services had a net margin of 3.01% and a return on equity of 8.50%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period in the previous year, the business posted $1.30 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year.

FIS has been the topic of several other reports. StockNews.com started coverage on shares of Fidelity National Information Services in a research report on Thursday, March 31st. They set a “hold” rating on the stock. KeyCorp lowered their target price on shares of Fidelity National Information Services from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, March 28th. Stephens started coverage on shares of Fidelity National Information Services in a research report on Wednesday, April 6th. They set an “overweight” rating and a $125.00 target price on the stock. 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 on the stock in a research report on Wednesday, February 16th. Finally, Jefferies Financial Group lowered their price target on shares of Fidelity National Information Services from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, February 16th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $137.36.

Shares of Fidelity National Information Services stock opened at $104.30 on Thursday. Fidelity National Information Services has a 52-week low of $85.00 and a 52-week high of $153.40. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.31. The company’s 50-day simple moving average is $97.84 and its 200-day simple moving average is $106.66. The firm has a market cap of $63.70 billion, a price-to-earnings ratio of 70.47, a price-to-earnings-growth ratio of 0.98 and a beta of 0.70.

A number of large investors have recently bought and sold shares of FIS. Great Lakes Advisors LLC grew its holdings in Fidelity National Information Services by 4.2% during the 4th quarter. Great Lakes Advisors LLC now owns 2,184 shares of the information technology services provider’s stock valued at $238,000 after purchasing an additional 88 shares in the last quarter. Annex Advisory Services LLC lifted its position in shares of Fidelity National Information Services by 0.7% in the 4th quarter. Annex Advisory Services LLC now owns 13,110 shares of the information technology services provider’s stock worth $1,431,000 after buying an additional 90 shares during the last quarter. AllSquare Wealth Management LLC lifted its position in shares of Fidelity National Information Services by 28.3% in the 3rd quarter. AllSquare Wealth Management LLC now owns 431 shares of the information technology services provider’s stock worth $52,000 after buying an additional 95 shares during the last quarter. Clear Harbor Asset Management LLC lifted its position in shares of Fidelity National Information Services by 0.9% in the 4th quarter. Clear Harbor Asset Management LLC now owns 10,253 shares of the information technology services provider’s stock worth $1,119,000 after buying an additional 95 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its position in Fidelity National Information Services by 1.4% in the 1st quarter. Ameritas Advisory Services LLC now owns 7,154 shares of the information technology services provider’s stock valued at $718,000 after purchasing an additional 100 shares during the last quarter. 89.51% of the stock is currently owned by institutional investors.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, June 10th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Thursday, June 9th. Fidelity National Information Services’s dividend payout ratio is currently 127.03%.

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.

See Also

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

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