Home Service company Second Quarter 2022 Earnings Estimate for Fidelity National Information Services, Inc. Released by Wedbush (NYSE:FIS)

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

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Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) – Wedbush equity researchers cut their estimates for second-quarter 2022 earnings per share for Fidelity National Information Services stock in a report released Tuesday, May 3. . Wedbush analyst Mr Katri now expects the information technology services provider to earn $1.73 per share for the quarter, down from its previous estimate of 1.83 $.

Fidelity National Information Services (NYSE:FIS – Get Rating) last released quarterly earnings data on Tuesday, May 3. The information technology service provider reported EPS 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 in the quarter, versus $3.44 billion expected by analysts. In the same period a year earlier, the company posted earnings per share of $1.30. The company’s revenue for the quarter increased by 8.3% compared to the same quarter last year.

A number of other stock analysts have also recently commented on the stock. Rosenblatt Securities cut its price target on Fidelity National Information Services stock from $129.00 to $120.00 and set a “neutral” rating for the company in a Wednesday, Feb. 16 research report. Raymond James cut his price target on Fidelity National Information Services stock from $155.00 to $152.00 and set a “Strong Buy” rating for the company in a Tuesday, Jan. 11 research report. BNP Paribas upgraded the shares of Fidelity National Information Services from a “neutral” rating to an “outperforming” rating and set a target price of $138.00 for the company in a Monday, January 10 research report. Wells Fargo & Company launched coverage on Fidelity National Information Services stock in a Monday, April 4, research report. They issued an “overweight” rating and a target price of $132.00 for the company. Finally, Mizuho cut its price target on Fidelity National Information Services stock from $150.00 to $135.00 and set a “buy” rating for the company in a Wednesday, Feb. 23 research report. Four analysts gave the stock a hold rating, eighteen gave the company a buy rating and one gave the company a strong buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $137.36.

FIS stock opened at $100.60 on Friday. The company has a debt ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.74. The company has a fifty-day moving average price of $97.91 and a two-hundred-day moving average price of $106.51. Fidelity National Information Services has a one-year minimum of $85.00 and a one-year maximum of $153.40. The stock has a market capitalization of $61.44 billion, a price-to-earnings ratio of 67.97, a growth price-to-earnings ratio of 1.01 and a beta of 0.70.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 24. Shareholders of record on Friday, June 10 will receive a dividend of $0.47 per share. This represents an annualized dividend of $1.88 and a yield of 1.87%. The ex-dividend date is Thursday, June 9. Fidelity National Information Services’ payout ratio is 127.03%.

Hedge funds and other institutional investors have recently changed their stakes in the company. MUFG Americas Holdings Corp bought a new stake in the stock of Fidelity National Information Services during the third quarter for a value of approximately $102,000. Advisory Services Network LLC increased its holdings of Fidelity National Information Services stock by 8.9% during the third quarter. Advisory Services Network LLC now owns 8,169 shares of the information technology service provider worth $994,000 after buying 667 additional shares in the last quarter. Keybank National Association OH increased its holdings of Fidelity National Information Services shares by 62.2% during the third quarter. Keybank National Association OH now owns 6,342 shares of the information technology service provider worth $772,000 after buying 2,431 additional shares in the last quarter. Summit Global Investments bought a new stake in Fidelity National Information Services in the third quarter worth approximately $333,000. Finally, Summit Financial LLC increased its stake in Fidelity National Information Services by 103.7% in the third quarter. Summit Financial LLC now owns 3,755 shares of the information technology service provider valued at $457,000 after acquiring 1,912 additional shares in the last quarter. 89.51% of the shares are held by hedge funds and other institutional investors.

About Fidelity National Information Services (Get a rating)

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-driven 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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