Fidelity National Information Services, Inc. (NYSE:FIS) – Equities researchers at Wedbush dropped their Q3 2017 earnings estimates for Fidelity National Information Services in a research report issued to clients and investors on Tuesday. Wedbush analyst M. Katri 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. Wedbush also issued estimates for Fidelity National Information Services’ Q4 2017 earnings at $1.33 EPS, FY2017 earnings at $4.28 EPS, Q1 2018 earnings at $0.98 EPS, Q3 2018 earnings at $1.27 EPS, Q4 2018 earnings at $1.46 EPS, FY2018 earnings at $4.85 EPS, Q1 2019 earnings at $1.05 EPS, Q2 2019 earnings at $1.21 EPS, Q3 2019 earnings at $1.33 EPS and FY2019 earnings at $5.15 EPS.

Several other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub upgraded shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada restated a “buy” rating and set a $96.00 price objective on shares of Fidelity National Information Services in a research report on Wednesday, July 12th. Robert W. Baird restated a “buy” rating and set a $102.00 price objective on shares of Fidelity National Information Services in a research report on Friday, September 8th. Finally, Cowen and Company restated an “outperform” rating and set a $92.00 price objective (up previously from $90.00) on shares of Fidelity National Information Services in a research report 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 presently has a consensus rating of “Buy” and an average target price of $94.67.

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Fidelity National Information Services (NYSE FIS) opened at 94.38 on Wednesday. Fidelity National Information Services has a 12-month low of $73.25 and a 12-month high of $95.24. The firm has a 50 day moving average of $93.11 and a 200-day moving average of $87.64. The stock has a market cap of $31.37 billion, a PE ratio of 47.31 and a beta of 0.85.

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

Fidelity National Information Services declared that its board has authorized a share buyback program on Wednesday, August 2nd that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the information technology services provider to purchase up to 13.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.16 annualized dividend and a yield of 1.23%. Fidelity National Information Services’s dividend payout ratio (DPR) is 58.00%.

In other Fidelity National Information Services news, Director Stephan A. James sold 18,368 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $90.14, for a total transaction of $1,655,691.52. Following the completion of the transaction, the director now owns 43,231 shares in the company, valued at approximately $3,896,842.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James B. Stallings, Jr. sold 2,181 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $90.32, for a total transaction of $196,987.92. Following the transaction, the director now owns 12,317 shares of the company’s stock, valued at approximately $1,112,471.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 520,549 shares of company stock valued at $47,224,679. 2.66% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the business. Guardian Life Insurance Co. of America raised its position in Fidelity National Information Services by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,266 shares of the information technology services provider’s stock worth $101,000 after buying an additional 9 shares during the last quarter. WFG Advisors LP raised its position in Fidelity National Information Services by 99.8% during the 2nd quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock worth $101,000 after buying an additional 593 shares during the last quarter. Motco raised its position in Fidelity National Information Services by 12.3% during the 2nd quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after buying an additional 131 shares during the last quarter. BB&T Investment Services Inc. purchased a new position in Fidelity National Information Services during the 2nd quarter worth $103,000. Finally, IFP Advisors Inc raised its position in Fidelity National Information Services by 6.8% during the 2nd quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock worth $112,000 after buying an additional 84 shares during the last quarter. Institutional investors own 86.64% of the company’s stock.

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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