Fidelity National Information Services, Inc. (NYSE:FIS) – Analysts at SunTrust Banks issued their Q3 2017 earnings estimates for shares of Fidelity National Information Services in a note issued to investors on Wednesday. SunTrust Banks analyst A. Jeffrey forecasts that the information technology services provider will post earnings of $1.12 per share for the quarter. SunTrust Banks also issued estimates for Fidelity National Information Services’ Q4 2017 earnings at $1.28 EPS, FY2017 earnings at $4.28 EPS and FY2018 earnings at $4.91 EPS.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.05. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year.

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Several other brokerages also recently issued reports on FIS. Stephens reiterated a “positive” rating and issued a $101.00 target price (up from $93.00) on shares of Fidelity National Information Services in a research note on Thursday. Cowen and Company reiterated a “buy” rating and issued a $97.00 target price on shares of Fidelity National Information Services in a research note on Thursday. BMO Capital Markets raised their target price on shares of Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Fidelity National Information Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Barclays PLC reissued an “overweight” rating and issued a $102.00 price target (up from $94.00) on shares of Fidelity National Information Services in a report on Thursday. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Fidelity National Information Services has a consensus rating of “Buy” and a consensus price target of $92.20.

Fidelity National Information Services (NYSE FIS) opened at 90.37 on Monday. The company’s 50-day moving average price is $87.57 and its 200 day moving average price is $83.41. The company has a market capitalization of $29.82 billion, a price-to-earnings ratio of 45.30 and a beta of 0.84. Fidelity National Information Services has a 52 week low of $73.25 and a 52 week high of $91.90.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Guardian Life Insurance Co. of America boosted its position 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. Morgan Dempsey Capital Management LLC boosted its position in shares of Fidelity National Information Services by 3.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,301 shares of the information technology services provider’s stock valued at $104,000 after buying an additional 45 shares in the last quarter. Financial Architects Inc boosted its position 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. IFP Advisors Inc boosted its position in shares of Fidelity National Information Services by 6.8% in the second quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock valued at $112,000 after buying an additional 84 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its position in shares of Fidelity National Information Services by 5.4% in the first quarter. North Star Investment Management Corp. now owns 1,457 shares of the information technology services provider’s stock valued at $116,000 after buying an additional 75 shares in the last quarter. 86.70% of the stock is currently owned by institutional investors.

In other news, EVP James W. Woodall sold 70,667 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $83.02, for a total transaction of $5,866,774.34. Following the transaction, the executive vice president now directly owns 133,509 shares of the company’s stock, valued at $11,083,917.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary Norcross sold 250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $83.06, for a total transaction of $20,765,000.00. Following the transaction, the insider now directly owns 557,699 shares in the company, valued at $46,322,478.94. The disclosure for this sale can be found here. Insiders have sold 479,789 shares of company stock worth $39,879,240 over the last ninety days. Insiders own 2.66% of the company’s stock.

The firm 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 is Thursday, September 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.28%. Fidelity National Information Services’s dividend payout ratio is presently 58.00%.

Fidelity National Information Services declared that its Board of Directors has approved a stock buyback program on Wednesday, August 2nd that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the information technology services provider to purchase up to 13.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

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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