Fidelity National Information Services, Inc. (NYSE:FIS) – Equities research analysts at William Blair lowered their Q3 2017 EPS estimates for shares of Fidelity National Information Services in a research report issued to clients and investors on Friday. William Blair analyst C. Shutler now expects that the information technology services provider will post earnings of $1.13 per share for the quarter, down from their prior estimate of $1.14. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Fidelity National Information Services’ Q4 2017 earnings at $1.33 EPS and FY2017 earnings at $4.30 EPS.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, May 2nd. The information technology services provider reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.04. Fidelity National Information Services had a net margin of 6.99% and a return on equity of 13.14%. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the firm posted $0.79 earnings per share. Fidelity National Information Services’s quarterly revenue was up 3.4% on a year-over-year basis. ILLEGAL ACTIVITY NOTICE: “William Blair Weighs in on Fidelity National Information Services, Inc.’s Q3 2017 Earnings (NYSE:FIS)” was published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/07/17/william-blair-weighs-in-on-fidelity-national-information-services-inc-s-q3-2017-earnings-nysefis.html.

Several other analysts have also recently commented on the company. Oppenheimer Holdings, Inc. lifted their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank Of Canada restated a “buy” rating and issued a $96.00 price target on shares of Fidelity National Information Services in a report on Wednesday, July 12th. Cowen and Company restated an “outperform” rating and issued a $92.00 price target (up previously from $90.00) on shares of Fidelity National Information Services in a report on Monday, July 10th. BidaskClub upgraded Fidelity National Information Services from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $94.00 price target (up previously from $92.00) on shares of Fidelity National Information Services in a report on Friday, June 16th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $89.67.

Fidelity National Information Services (NYSE FIS) opened at 89.58 on Monday. Fidelity National Information Services has a 52 week low of $73.25 and a 52 week high of $89.77. The stock has a market cap of $29.61 billion, a price-to-earnings ratio of 45.73 and a beta of 0.83. The firm’s 50-day moving average is $84.92 and its 200 day moving average is $81.44.

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Fidelity National Information Services by 3.5% in the first quarter. Vanguard Group Inc. now owns 21,818,241 shares of the information technology services provider’s stock worth $1,737,168,000 after buying an additional 745,789 shares in the last quarter. BlackRock Inc. boosted its position in Fidelity National Information Services by 3,230.2% in the first quarter. BlackRock Inc. now owns 21,025,798 shares of the information technology services provider’s stock worth $1,674,072,000 after buying an additional 20,394,426 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Fidelity National Information Services by 4.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,370,281 shares of the information technology services provider’s stock worth $1,462,643,000 after buying an additional 845,325 shares in the last quarter. State Street Corp boosted its position in Fidelity National Information Services by 1.9% in the first quarter. State Street Corp now owns 13,111,048 shares of the information technology services provider’s stock worth $1,043,909,000 after buying an additional 244,925 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Fidelity National Information Services by 4.8% in the first quarter. Wells Fargo & Company MN now owns 5,135,363 shares of the information technology services provider’s stock worth $408,877,000 after buying an additional 235,361 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

In other Fidelity National Information Services news, EVP Michael P. Oates sold 266,712 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $82.79, for a total value of $22,081,086.48. Following the completion of the transaction, the executive vice president now owns 312,828 shares in the company, valued at approximately $25,899,030.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James W. Woodall sold 70,667 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $83.02, for a total value of $5,866,774.34. Following the completion of the transaction, the executive vice president now owns 133,509 shares of the company’s stock, valued at approximately $11,083,917.18. The disclosure for this sale can be found here. Insiders have sold a total of 746,501 shares of company stock valued at $61,960,326 in the last quarter. Company insiders own 2.66% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Wednesday, June 14th. Fidelity National Information Services’s payout ratio is currently 58.88%.

About Fidelity National Information Services

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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

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