Second Quarter 2022 Earnings Estimate for Fidelity National Information Services, Inc. Released by Jefferies Financial Group (NYSE:FIS)


Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) – Investment analysts at Jefferies Financial Group have cut their second-quarter 2022 earnings estimates for Fidelity National Information Services stock in a note released to investors on Wednesday July 20. Jefferies Financial Group analyst T. Williams now expects the information technology services provider to earn $1.69 per share for the quarter, down from its previous forecast of $1.72. Fidelity National Information Services’ current annual earnings consensus estimate is $7.28 per share. Jefferies Financial Group also released estimates for Fidelity National Information Services Q3 2023 earnings at $2.09 EPS, Q4 2023 earnings at $2.37 EPS and fiscal year 2023 earnings at $7.95 EPS.

A number of other research companies have also weighed in on FIS. Goldman Sachs Group began covering shares of Fidelity National Information Services in a report on Tuesday, May 17. They issued a “buy” rating and a target price of $128.00 on the stock. Evercore ISI upgraded Fidelity National Information Services stock from an “in-line” rating to an “outperforming” rating and raised its price target for the company from $115.00 to $135.00 in a rating. research on Monday, June 13. Wells Fargo & Company downgraded shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and lowered its price target for the company from $132.00 to $101.00 in a note. research on Thursday July 14. Wolfe Research cut its price target on Fidelity National Information Services stock from $165.00 to $135.00 in a research note on Wednesday. Finally, Citigroup lowered its price target on Fidelity National Information Services stock from $138.00 to $130.00 in a Monday, April 25 research note. Five investment analysts gave the stock a hold rating, nineteen gave the stock a buy rating and one gave the stock a high buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.85.

Fidelity’s national news services up 0.1%

FIS opened at $99.02 on Friday. The company has a debt ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.74. Fidelity National Information Services has a fifty-two week minimum of $85.00 and a fifty-two week maximum of $152.20. The company has a market capitalization of $60.20 billion, a PE ratio of 66.91, a P/E/G ratio of 0.98 and a beta of 0.73. The company’s 50-day moving average is $97.40 and its 200-day moving average is $101.00.

Fidelity National Information Services (NYSE:FIS – Get Rating) last released its results on Tuesday, May 3. The information technology service provider reported earnings per share of $1.47 for the quarter, beating analyst consensus estimates of $1.46 by $0.01. Fidelity National Information Services posted a net margin of 6.43% and a return on equity of 8.76%. The company posted revenue of $3.49 billion for the quarter, versus analyst estimates of $3.44 billion. In the same quarter a year earlier, the company posted EPS of $1.30. The company’s revenue increased by 8.3% compared to the same quarter last year.

Institutional entries and exits

Major investors have recently been buying and selling shares of the company. Mutual of America Capital Management LLC increased its position in Fidelity National Information Services shares by 1.1% during the first quarter. Mutual of America Capital Management LLC now owns 81,271 shares of the information technology service provider valued at $8,161,000 after buying 851 additional shares last quarter. First Trust Advisors LP increased its position in Fidelity National Information Services by 2,310.6% in the fourth quarter. First Trust Advisors LP now owns 652,945 shares of the information technology service provider worth $71,269,000 after purchasing an additional 625,859 shares during the period. Van ECK Associates Corp increased its position in Fidelity National Information Services by 18.0% in the fourth quarter. Van ECK Associates Corp now owns 20,344 shares of the information technology service provider worth $2,221,000 after buying 3,100 additional shares during the period. First Hawaiian Bank raised its position in Fidelity National Information Services by 36.6% in the first quarter. First Hawaiian Bank now owns 8,581 shares of the information technology service provider worth $862,000 after purchasing an additional 2,301 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in Fidelity National Information Services by 0.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 38,400 shares of the information technology service provider worth $3,955,000 after purchasing an additional 200 shares during the period. 89.51% of the shares are held by institutional investors.

Fidelity National Information Services announces dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30. Shareholders of record on Friday, September 16 will receive a dividend of $0.47. This represents an annualized dividend of $1.88 and a yield of 1.90%. Fidelity National Information Services’ payout ratio is 127.03%.

Fidelity National Information Services Company Profile

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Fidelity National Information Services, Inc. provides technology solutions to merchants, banks and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions and Capital Market Solutions segments. The Merchant Solutions segment offers business acquisition, software-based small and medium business acquisition and global e-commerce solutions.

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Earnings history and estimates for Fidelity National Information Services (NYSE:FIS)



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