Fidelity National Information Services (FIS) Set to Announce Quarterly Earnings on Thursday

Fidelity National Information Services (NYSE:FISGet Rating) is scheduled to post its quarterly earnings results before the market opens on Thursday, August 4th. Analysts expect Fidelity National Information Services to post earnings of $1.72 per share for the quarter. Fidelity National Information Services has set its Q2 guidance at $1.72-$1.75 EPS and its FY22 guidance at $7.25-$7.37 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Fidelity National Information Services (NYSE:FISGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The information technology services provider reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.01. Fidelity National Information Services had a return on equity of 8.76% and a net margin of 6.43%. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter last year, the company earned $1.30 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, analysts expect Fidelity National Information Services to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $98.43 on Thursday. Fidelity National Information Services has a 1-year low of $85.00 and a 1-year high of $152.20. The stock’s 50-day moving average is $97.44 and its 200 day moving average is $100.60. The company has a market cap of $59.84 billion, a P/E ratio of 66.51, a PEG ratio of 0.99 and a beta of 0.73. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.74.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Thursday, September 15th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 127.03%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FIS. Acadian Asset Management LLC raised its stake in Fidelity National Information Services by 491.5% during the 1st quarter. Acadian Asset Management LLC now owns 3,904 shares of the information technology services provider’s stock valued at $391,000 after acquiring an additional 3,244 shares during the last quarter. Synovus Financial Corp grew its holdings in Fidelity National Information Services by 71.6% during the 1st quarter. Synovus Financial Corp now owns 9,791 shares of the information technology services provider’s stock valued at $982,000 after buying an additional 4,085 shares during the last quarter. Prudential PLC acquired a new stake in Fidelity National Information Services during the 1st quarter valued at $1,173,000. Baird Financial Group Inc. boosted its holdings in shares of 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 last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of 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 last quarter. 89.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FIS has been the subject of a number of research analyst reports. Morgan Stanley decreased their price target on Fidelity National Information Services from $102.00 to $100.00 and set an “equal weight” rating for the company in a research note on Thursday, June 30th. The Goldman Sachs Group initiated coverage on Fidelity National Information Services in a research note on Tuesday, May 17th. They issued a “buy” rating and a $128.00 price target for the company. Citigroup decreased their price target on Fidelity National Information Services from $138.00 to $130.00 in a research note on Monday, April 25th. Wolfe Research decreased their price target on Fidelity National Information Services from $165.00 to $135.00 in a research note on Wednesday, July 20th. Finally, Stephens assumed coverage on Fidelity National Information Services in a research note on Wednesday, April 6th. They issued an “overweight” rating and a $125.00 price target for the company. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.62.

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 for Fidelity National Information Services (NYSE:FIS)

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