Fidelity National Information Services, Inc. (NYSE:FIS) – Equities researchers at Cantor Fitzgerald raised their FY2017 earnings estimates for shares of Fidelity National Information Services in a note issued to investors on Wednesday. Cantor Fitzgerald analyst J. Foresi now anticipates that the information technology services provider will post earnings of $4.41 per share for the year, up from their prior estimate of $4.28. Cantor Fitzgerald also issued estimates for Fidelity National Information Services’ FY2018 earnings at $4.92 EPS.

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

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Several other equities analysts have also commented on FIS. Credit Suisse Group reissued an “outperform” rating and issued a $108.00 target price (up from $100.00) on shares of Fidelity National Information Services in a report on Wednesday. They noted that the move was a valuation call. J P Morgan Chase & Co decreased their target price on shares of Fidelity National Information Services from $106.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday. Oppenheimer Holdings, Inc. raised their target price on shares of Fidelity National Information Services from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays PLC reissued an “overweight” rating and issued a $102.00 target price (up from $94.00) on shares of Fidelity National Information Services in a report on Wednesday, August 9th. Finally, KeyCorp reissued a “buy” rating on shares of Fidelity National Information Services in a report on Wednesday. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $97.19.

Fidelity National Information Services announced that its board has approved a stock repurchase 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 often an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.16 annualized dividend and a yield of 1.25%. Fidelity National Information Services’s dividend payout ratio is presently 71.60%.

In related news, COO Anthony M. Jabbour sold 100,000 shares of Fidelity National Information Services stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $92.36, for a total transaction of $9,236,000.00. Following the sale, the chief operating officer now directly owns 282,689 shares in the company, valued at approximately $26,109,156.04. The transaction was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $90.14, for a total transaction of $1,655,691.52. Following the sale, the director now owns 43,231 shares in the company, valued at $3,896,842.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 520,549 shares of company stock worth $47,224,679. 2.66% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of FIS. WFG Advisors LP boosted 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 period. Motco boosted 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 period. BB&T Investment Services Inc. acquired a new stake in Fidelity National Information Services during the 2nd quarter worth approximately $103,000. IFP Advisors Inc boosted 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 period. Finally, Advisors Asset Management Inc. boosted its position in Fidelity National Information Services by 77.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,439 shares of the information technology services provider’s stock worth $123,000 after buying an additional 626 shares during the period. Institutional investors and hedge funds own 86.69% of the company’s stock.

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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