Fidelity National Information Services, Inc. (NYSE:FIS) – Equities researchers at William Blair increased their FY2017 EPS estimates for Fidelity National Information Services in a research report issued on Wednesday. William Blair analyst C. Shutler now forecasts that the information technology services provider will earn $4.42 per share for the year, up from their previous forecast of $4.30. William Blair also issued estimates for Fidelity National Information Services’ Q4 2017 earnings at $1.36 EPS, Q1 2018 earnings at $1.01 EPS, Q2 2018 earnings at $1.14 EPS, Q3 2018 earnings at $1.25 EPS, Q4 2018 earnings at $1.44 EPS and FY2018 earnings at $4.84 EPS.

FIS has been the subject of several other research reports. BidaskClub cut shares of Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Tuesday, October 3rd. Stephens reiterated a “positive” rating and set a $101.00 price target (up previously from $93.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Cowen and Company reiterated an “outperform” rating and set a $92.00 price target (up previously from $90.00) on shares of Fidelity National Information Services in a research report on Monday, July 10th. Finally, Barclays PLC reiterated an “overweight” rating and set a $102.00 price target (up previously from $94.00) on shares of Fidelity National Information Services in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Fidelity National Information Services presently has an average rating of “Buy” and a consensus target price of $97.19.

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Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, October 31st. The information technology services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.06 by $0.12. Fidelity National Information Services had a net margin of 5.82% and a return on equity of 14.05%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the business earned $1.00 earnings per share. The business’s quarterly revenue was down 4.8% on a year-over-year basis.

A number of institutional investors and hedge funds have recently made changes to their positions in FIS. Janus Henderson Group PLC lifted its stake in Fidelity National Information Services by 253.1% in the second quarter. Janus Henderson Group PLC now owns 4,500,969 shares of the information technology services provider’s stock valued at $384,370,000 after buying an additional 3,226,198 shares in the last quarter. BlackRock Inc. lifted its stake in Fidelity National Information Services by 10.5% in the second quarter. BlackRock Inc. now owns 23,234,161 shares of the information technology services provider’s stock valued at $1,984,199,000 after buying an additional 2,208,363 shares in the last quarter. Maverick Capital Ltd. bought a new position in Fidelity National Information Services in the second quarter valued at approximately $176,220,000. Voya Investment Management LLC lifted its stake in Fidelity National Information Services by 80.3% in the second quarter. Voya Investment Management LLC now owns 2,912,478 shares of the information technology services provider’s stock valued at $248,726,000 after buying an additional 1,297,225 shares in the last quarter. Finally, Crescent Grove Advisors LLC bought a new position in Fidelity National Information Services in the second quarter valued at approximately $106,333,000. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, December 14th. Fidelity National Information Services’s payout ratio is currently 71.60%.

Fidelity National Information Services announced that its Board of Directors has approved a share buyback program on Wednesday, August 2nd that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to reacquire up to 13.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is 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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