Fidelity National Information Services, Inc. (NYSE:FIS) – Northcoast Research lowered their Q3 2017 earnings estimates for Fidelity National Information Services in a report issued on Thursday. Northcoast Research analyst K. Mehta now forecasts that the information technology services provider will post earnings of $1.06 per share for the quarter, down from their previous estimate of $1.13.

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

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

Fidelity National Information Services (NYSE:FIS) opened at 90.37 on Monday. Fidelity National Information Services has a one year low of $73.25 and a one year high of $91.90. The stock has a market cap of $29.82 billion, a price-to-earnings ratio of 45.30 and a beta of 0.84. The firm has a 50-day moving average price of $87.57 and a 200-day moving average price of $83.41.

Institutional investors have recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America increased its position in 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 during the period. Morgan Dempsey Capital Management LLC increased its position in 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 during the period. Financial Architects Inc increased its position in 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 during the period. IFP Advisors Inc increased its position in 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 during the period. Finally, North Star Investment Management Corp. increased its position in 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 during the period. Hedge funds and other institutional investors own 86.70% of the company’s stock.

In related news, EVP James W. Woodall sold 70,667 shares of the stock in a transaction dated Wednesday, May 10th. The stock was 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 in the company, valued at $11,083,917.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $85,390.00. Following the transaction, the director now owns 14,498 shares in the company, valued at $1,237,984.22. 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 quarter. 2.66% of the stock is currently owned by company insiders.

Fidelity National Information Services declared that its board has authorized 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 stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.16 annualized dividend and a yield of 1.28%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.

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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