What is Seaport Res Ptn’s Estimate for FIS FY2024 Earnings?

Fidelity National Information Services, Inc. (NYSE:FIS) – Equities researchers at Seaport Res Ptn boosted their FY2024 earnings per share (EPS) estimates for shares of Fidelity National Information Services in a report released on Monday, November 4th. Seaport Res Ptn analyst J. Cantwell now anticipates that the information technology services provider will post earnings of $5.17 per share for the year, up from their previous forecast of $5.06. The consensus estimate for Fidelity National Information Services’ current full-year earnings is $5.08 per share. Seaport Res Ptn also issued estimates for Fidelity National Information Services’ Q4 2024 earnings at $1.34 EPS, Q1 2026 earnings at $1.58 EPS, Q2 2026 earnings at $1.60 EPS, Q3 2026 earnings at $1.83 EPS and FY2026 earnings at $6.87 EPS.

Several other equities analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Bank of America increased their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Jefferies Financial Group lifted their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. UBS Group increased their target price on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research note on Tuesday. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.75.

Fidelity National Information Services Price Performance

NYSE:FIS opened at $86.68 on Wednesday. The firm has a market cap of $47.29 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 0.80 and a beta of 1.06. Fidelity National Information Services has a 12-month low of $50.85 and a 12-month high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.35 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average is $85.85 and its two-hundred day moving average is $79.22.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 earnings per share.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kennebec Savings Bank bought a new position in shares of Fidelity National Information Services in the third quarter worth $28,000. University of Texas Texas AM Investment Management Co. bought a new position in Fidelity National Information Services in the 2nd quarter valued at about $30,000. EdgeRock Capital LLC bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $35,000. Family Firm Inc. acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter worth approximately $35,000. Finally, Concord Wealth Partners boosted its holdings in shares of Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after acquiring an additional 146 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the transaction, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.66%. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.