Analysts forecast that Fidelity National Information Services, Inc. (NYSE:FIS) will report $2.35 billion in sales for the current quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Fidelity National Information Services’ earnings. The highest sales estimate is $2.41 billion and the lowest is $2.32 billion. Fidelity National Information Services reported sales of $2.31 billion during the same quarter last year, which indicates a positive year over year growth rate of 1.7%. The company is expected to issue its next quarterly earnings results before the market opens on Wednesday, August 2nd.

According to Zacks, analysts expect that Fidelity National Information Services will report full-year sales of $2.35 billion for the current fiscal year, with estimates ranging from $9.15 billion to $9.56 billion. For the next year, analysts expect that the business will report sales of $9.76 billion per share, with estimates ranging from $9.15 billion to $10.05 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Fidelity National Information Services.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, May 2nd. The information technology services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. Fidelity National Information Services had a return on equity of 13.14% and a net margin of 6.99%. The firm had revenue of $2.26 billion for 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. The company’s quarterly revenue was up 3.4% on a year-over-year basis.

FIS has been the topic of a number of research analyst reports. BidaskClub raised Fidelity National Information Services from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Cantor Fitzgerald reissued a “buy” rating and issued a $89.00 target price on shares of Fidelity National Information Services in a research note on Tuesday, May 2nd. Credit Suisse Group reaffirmed a “buy” rating and set a $88.00 price objective on shares of Fidelity National Information Services in a research note on Thursday, April 27th. Guggenheim assumed coverage on Fidelity National Information Services in a research note on Thursday, March 30th. They set a “buy” rating and a $90.00 price objective on the stock. Finally, Barclays PLC reaffirmed a “buy” rating and set a $94.00 price objective on shares of Fidelity National Information Services in a research note on Monday, May 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $89.67.

In other news, EVP Michael P. Oates sold 266,712 shares of the stock in a transaction dated 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 directly owns 312,828 shares in the company, valued at $25,899,030.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James B. Stallings, Jr. sold 1,000 shares of the stock in a transaction dated 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 owns 14,498 shares of the company’s stock, valued at $1,237,984.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 746,501 shares of company stock valued at $61,960,326. 2.66% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of FIS. National Pension Service raised its stake in shares of Fidelity National Information Services by 10.0% in the first quarter. National Pension Service now owns 263,688 shares of the information technology services provider’s stock valued at $21,108,000 after buying an additional 23,897 shares during the period. Private Trust Co. NA raised its stake in shares of Fidelity National Information Services by 18.6% in the first quarter. Private Trust Co. NA now owns 4,966 shares of the information technology services provider’s stock valued at $395,000 after buying an additional 778 shares during the period. Barometer Capital Management Inc. bought a new stake in shares of Fidelity National Information Services during the first quarter valued at approximately $637,000. Neuburgh Advisers LLC raised its stake in shares of Fidelity National Information Services by 4.6% in the first quarter. Neuburgh Advisers LLC now owns 51,680 shares of the information technology services provider’s stock valued at $4,115,000 after buying an additional 2,278 shares during the period. Finally, Capstone Asset Management Co. raised its stake in shares of Fidelity National Information Services by 5.1% in the first quarter. Capstone Asset Management Co. now owns 34,200 shares of the information technology services provider’s stock valued at $2,723,000 after buying an additional 1,670 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Fidelity National Information Services (NYSE:FIS) traded up 0.21% during trading on Friday, reaching $90.00. The company’s stock had a trading volume of 1,033,350 shares. Fidelity National Information Services has a 52-week low of $73.25 and a 52-week high of $90.27. The firm has a 50 day moving average price of $86.49 and a 200-day moving average price of $82.62. The stock has a market cap of $29.75 billion, a price-to-earnings ratio of 45.94 and a beta of 0.83.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.29%. Fidelity National Information Services’s dividend payout ratio is currently 58.88%.

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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.

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

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