William Blair Weights in on Fidelity National Information Services, Inc.’s FY2022 Earnings (NYSE:FIS)



Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) – Investment analysts at William Blair dropped their FY2022 EPS estimates for Fidelity National Information Services in a research note issued to investors on Friday, August 5th. William Blair analyst R. Napoli now expects that the information technology services provider will post earnings per share of $7.09 for the year, down from their previous estimate of $7.31. The consensus estimate for Fidelity National Information Services’ current full-year earnings is $7.09 per share. William Blair also issued estimates for Fidelity National Information Services’ Q1 2023 earnings at $1.94 EPS, Q2 2023 earnings at $2.11 EPS, Q3 2023 earnings at $2.10 EPS and FY2023 earnings at $8.42 EPS.

Fidelity National Information Services (NYSE:FIS – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The information technology services provider reported $1.73 EPS for the quarter, beating the consensus estimate of $1.72 by $0.01. Fidelity National Information Services had a net margin of 5.88% and a return on equity of 8.95%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter last year, the firm posted $1.61 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year.

A number of other brokerages also recently issued reports on FIS. Truist Financial decreased their price target on shares of Fidelity National Information Services from $105.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, June 30th. Citigroup cut their price objective on shares of Fidelity National Information Services from $138.00 to $130.00 in a report on Monday, April 25th. Robert W. Baird cut their target price on shares of Fidelity National Information Services from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday. Wolfe Research cut their target price on shares of Fidelity National Information Services from $165.00 to $135.00 in a report on Wednesday, July 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Fidelity National Information Services from $155.00 to $116.00 in a research note on Wednesday, April 20th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus target price of $129.23.

Fidelity National Information Services Stock Up 0.8 %

Shares of Fidelity National Information Services stock opened at $97.37 on Monday. Fidelity National Information Services has a 52-week low of $85.00 and a 52-week high of $135.62. The company has a 50 day moving average of $97.38 and a 200 day moving average of $99.63. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $59.20 billion, a P/E ratio of 70.56, a P/E/G ratio of 1.00 and a beta of 0.76.

Institutional Investors Weigh In On Fidelity National Information Services

A number of hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its stake in shares of Fidelity National Information Services by 83.3% in the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 130 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of Fidelity National Information Services by 298.7% in the 1st quarter. SRS Capital Advisors Inc. now owns 299 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 224 shares during the last quarter. FinTrust Capital Advisors LLC boosted its stake in shares of Fidelity National Information Services by 248.3% in the 1st quarter. FinTrust Capital Advisors LLC now owns 310 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 221 shares during the last quarter. MV Capital Management Inc. boosted its stake in Fidelity National Information Services by 782.1% during the 2nd quarter. MV Capital Management Inc. now owns 344 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 305 shares during the last quarter. Finally, Tcwp LLC bought a new position in Fidelity National Information Services during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 89.51% of the company’s stock.

Fidelity National Information Services Dividend Announcement

The firm 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 $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Thursday, September 15th. Fidelity National Information Services’s dividend payout ratio is 136.23%.

Fidelity National Information Services Company Profile

(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 acquiring businesses, and global e-commerce solutions.

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



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