Equities research analysts predict that Fidelity National Information Services, Inc. (NYSE:FIS) will post $2.26 billion in sales for the current quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Fidelity National Information Services’ earnings, with estimates ranging from $2.11 billion to $2.38 billion. Fidelity National Information Services reported sales of $2.31 billion during the same quarter last year, which indicates a negative year over year growth rate of 2.2%. The company is expected to announce its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Fidelity National Information Services will report full year sales of $2.26 billion for the current year, with estimates ranging from $8.92 billion to $9.23 billion. For the next fiscal year, analysts forecast that the firm will report sales of $9.34 billion per share, with estimates ranging from $9.13 billion to $9.84 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Fidelity National Information Services.

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

FIS has been the subject of several research reports. Zacks Investment Research downgraded shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. BidaskClub upgraded shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada reiterated a “buy” rating and set a $96.00 price objective on shares of Fidelity National Information Services in a research note on Wednesday, July 12th. BMO Capital Markets reiterated an “outperform” rating and set a $94.00 price objective (up from $92.00) on shares of Fidelity National Information Services in a research note on Friday, June 16th. Finally, Cowen and Company reiterated an “outperform” rating and set a $92.00 price objective (up from $90.00) on shares of Fidelity National Information Services in a research note on Monday, July 10th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Fidelity National Information Services currently has an average rating of “Buy” and a consensus price target of $92.87.

Fidelity National Information Services (NYSE FIS) opened at 92.01 on Friday. The stock’s 50 day moving average price is $91.34 and its 200 day moving average price is $85.85. Fidelity National Information Services has a 12-month low of $73.25 and a 12-month high of $93.73. The company has a market capitalization of $30.59 billion, a PE ratio of 46.12 and a beta of 0.84.

Fidelity National Information Services declared that its board has authorized a share repurchase plan on Wednesday, August 2nd that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the information technology services provider to buy up to 13.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are 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 dividend on an annualized basis and a yield of 1.26%. Fidelity National Information Services’s dividend payout ratio is presently 58.00%.

In other Fidelity National Information Services news, Director Stephan A. James sold 18,368 shares of Fidelity National Information Services stock in a transaction on Monday, August 14th. The shares were sold at an average price of $90.14, for a total value of $1,655,691.52. Following the completion of the transaction, the director now owns 43,231 shares of the company’s stock, valued at $3,896,842.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank R. Martire sold 400,000 shares of Fidelity National Information Services stock in a transaction on Monday, August 7th. The shares were sold at an average price of $90.34, for a total transaction of $36,136,000.00. Following the completion of the transaction, the director now directly owns 202,517 shares of the company’s stock, valued at approximately $18,295,385.78. The disclosure for this sale can be found here. Insiders sold 520,549 shares of company stock valued at $47,224,679 in the last ninety days. 2.66% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Achmea Investment Management B.V. increased its holdings in Fidelity National Information Services by 503.9% in the second quarter. Achmea Investment Management B.V. now owns 17,091 shares of the information technology services provider’s stock valued at $1,458,000 after buying an additional 14,261 shares in the last quarter. WFG Advisors LP increased its holdings in Fidelity National Information Services by 99.8% in the second quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 593 shares in the last quarter. Toronto Dominion Bank increased its holdings in Fidelity National Information Services by 25.7% in the second quarter. Toronto Dominion Bank now owns 114,596 shares of the information technology services provider’s stock valued at $9,786,000 after buying an additional 23,428 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Fidelity National Information Services in the second quarter valued at $311,000. Finally, BB&T Investment Services Inc. purchased a new position in Fidelity National Information Services in the second quarter valued at $103,000. 86.97% of the stock is owned by institutional investors.

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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.

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

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