Fidelity National Information Services, Inc. (NYSE:FIS) – Investment analysts at Wedbush reduced their Q2 2017 earnings estimates for Fidelity National Information Services in a note issued to investors on Wednesday. Wedbush analyst M. Katri now forecasts that the information technology services provider will post earnings of $0.99 per share for the quarter, down from their prior forecast of $1.00. Wedbush also issued estimates for Fidelity National Information Services’ Q3 2017 earnings at $1.13 EPS, Q4 2017 earnings at $1.29 EPS, Q1 2018 earnings at $0.99 EPS, Q2 2018 earnings at $1.15 EPS, Q3 2018 earnings at $1.31 EPS and Q4 2018 earnings at $1.47 EPS.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, May 2nd. The information technology services provider reported $0.86 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the company posted $0.79 earnings per share. Fidelity National Information Services’s revenue was up 3.4% on a year-over-year basis.

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A number of other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub upgraded shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Oppenheimer Holdings, Inc. increased their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, July 13th. Royal Bank Of Canada restated a “buy” rating and issued a $96.00 price objective on shares of Fidelity National Information Services in a report on Wednesday, July 12th. Finally, Cowen and Company restated an “outperform” rating and issued a $92.00 price objective (up from $90.00) on shares of Fidelity National Information Services in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $89.67.

Fidelity National Information Services (NYSE FIS) opened at 89.87 on Thursday. The firm has a 50-day moving average of $86.38 and a 200-day moving average of $82.57. The company has a market cap of $29.71 billion, a PE ratio of 45.88 and a beta of 0.83. Fidelity National Information Services has a one year low of $73.25 and a one year high of $90.27.

Several large investors have recently modified their holdings of FIS. Financial Architects Inc increased its stake in shares of Fidelity National Information Services by 0.7% in the first quarter. Financial Architects Inc now owns 1,327 shares of the information technology services provider’s stock valued at $106,000 after buying an additional 9 shares in the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of Fidelity National Information Services by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,266 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 9 shares in the last quarter. Huntington National Bank increased its stake in shares of Fidelity National Information Services by 1.0% in the first quarter. Huntington National Bank now owns 1,950 shares of the information technology services provider’s stock valued at $155,000 after buying an additional 20 shares in the last quarter. Private Trust Co. NA increased its stake in shares of Fidelity National Information Services by 0.4% in the second quarter. Private Trust Co. NA now owns 4,986 shares of the information technology services provider’s stock valued at $425,000 after buying an additional 20 shares in the last quarter. Finally, Ronald Blue & Co. LLC increased its stake in shares of Fidelity National Information Services by 0.9% in the first quarter. Ronald Blue & Co. LLC now owns 4,188 shares of the information technology services provider’s stock valued at $333,000 after buying an additional 37 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

In other news, EVP Michael P. Oates sold 266,712 shares of the stock in a transaction on Friday, May 5th. The shares were sold at an average price of $82.79, for a total transaction of $22,081,086.48. Following the completion of the sale, the executive vice president now owns 312,828 shares of the company’s stock, valued at $25,899,030.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James B. Stallings, Jr. sold 1,000 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $85.39, for a total transaction of $85,390.00. Following the sale, the director now directly owns 14,498 shares of the company’s stock, valued at approximately $1,237,984.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 746,501 shares of company stock worth $61,960,326. 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. Shareholders of record on Friday, June 16th were issued a $0.29 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $1.16 annualized dividend and a yield of 1.29%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.88%.

Fidelity National Information Services Company Profile

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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