Fidelity National Information Services Reports Strong Quarterly Earnings

Fidelity National Information Services (NYSE:FIS) shared its earnings results on Tuesday, reporting an earnings per share (EPS) of $1.40 for the quarter. This figure surpassed analysts' expectations of $1.35 by $0.05, according to Zacks. The company demonstrated a net margin of 14.37% and a return on equity of 15.35%. This reflects significant growth compared to the same quarter last year, where it reported an EPS of $0.94.

Stock Performance Overview

On the day of the announcement, FIS stock opened at $82.53. The company currently has a market capitalization of $44.43 billion. Its price-to-earnings (P/E) ratio stands at 32.88, with a P/E/G ratio of 0.63 and a beta of 1.04. Over the past year, Fidelity National Information Services has seen a stock range with a 12-month low of $60.39 and a high of $91.98. The current ratio and quick ratio for the company are both at 1.18, while the debt-to-equity ratio is at 0.63. The stock's 50-day moving average is approximately $81.38, and the 200-day moving average is around $82.90.

Dividend Increase Announcement

The company has also declared a quarterly dividend, which is set to be paid on March 25th. Shareholders of record on March 11th will receive a dividend of $0.40 per share, an increase from the previous dividend of $0.36. This increase leads to an annualized dividend of $1.60, translating to a dividend yield of 1.94%. Fidelity's dividend payout ratio is 57.37%.

Analyst Ratings and Price Target Changes

FIS has recently been the subject of various research reports. For instance, Robert W. Baird raised their price target from $92.00 to $94.00, maintaining a "neutral" rating. Jefferies Financial Group also increased their price target from $80.00 to $90.00, giving a "hold" rating. However, Raymond James downgraded the stock from "strong-buy" to "outperform," while changing their price objective from $115.00 to $101.00. Conversely, Compass Point initiated coverage with a "buy" rating and set a target price of $126.00. Currently, analysts have assigned the stock a consensus rating of "Moderate Buy" and an average price target of $92.00.

Insider Trading Activity

In other news, Fidelity National Information Services saw some insider trading activity. Director Jeffrey A. Goldstein acquired 701 shares at an average price of $79.97, totaling approximately $56,058.97. This increased his stake in the company by 6.74%. Conversely, EVP Lenore D. Williams sold 11,305 shares at an average price of $87.97, amounting to nearly $994,500.85, which reduced their holdings by 25.99%. Overall, corporate insiders hold 0.20% of the company's stock.

Company Overview

Fidelity National Information Services, Inc. is a prominent player in providing financial services technology solutions to various financial institutions, businesses, and developers across the globe. The company operates through several segments, including Banking Solutions and Capital Market Solutions, supplying services such as core processing, mobile and online banking, risk management, and compliance solutions.

Earnings, Stocks, FIS