Fidelity National Information Services, Inc. (NYSE:FIS) – Wedbush raised their Q1 2018 earnings per share (EPS) estimates for Fidelity National Information Services in a report issued on Tuesday. Wedbush analyst M. Katri now expects that the information technology services provider will post earnings of $1.02 per share for the quarter, up from their previous estimate of $0.98. Wedbush also issued estimates for Fidelity National Information Services’ Q3 2018 earnings at $1.30 EPS and FY2018 earnings at $4.93 EPS.

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

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Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Fidelity National Information Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub raised Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Robert W. Baird reissued a “buy” rating and issued a $102.00 price target on shares of Fidelity National Information Services in a report on Friday, September 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $96.00 price target on shares of Fidelity National Information Services in a report on Wednesday, July 12th. Finally, Cowen and Company reissued an “outperform” rating and issued a $92.00 price target (up previously from $90.00) on shares of Fidelity National Information Services in a report on Monday, July 10th. Four equities research 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. The stock currently has a consensus rating of “Buy” and an average price target of $97.19.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wisconsin Investment Board raised its stake in Fidelity National Information Services by 5.2% during the third quarter. State of Wisconsin Investment Board now owns 397,556 shares of the information technology services provider’s stock valued at $37,128,000 after buying an additional 19,529 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Fidelity National Information Services by 2.1% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 54,477 shares of the information technology services provider’s stock valued at $5,088,000 after buying an additional 1,100 shares in the last quarter. Polaris Greystone Financial Group LLC raised its stake in Fidelity National Information Services by 0.6% during the third quarter. Polaris Greystone Financial Group LLC now owns 230,727 shares of the information technology services provider’s stock valued at $21,548,000 after buying an additional 1,371 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Fidelity National Information Services by 3.5% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 52,596 shares of the information technology services provider’s stock valued at $4,912,000 after buying an additional 1,762 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its stake in Fidelity National Information Services by 8.8% during the third quarter. Kornitzer Capital Management Inc. KS now owns 296,240 shares of the information technology services provider’s stock valued at $27,666,000 after buying an additional 23,940 shares in the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.

In other Fidelity National Information Services news, Director Frank R. Martire sold 400,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $90.34, for a total transaction of $36,136,000.00. Following the sale, the director now owns 202,517 shares in the company, valued at $18,295,385.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James B. Stallings, Jr. sold 2,181 shares of the company’s 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 sale, the director now owns 12,317 shares in the company, valued at approximately $1,112,471.44. The disclosure for this sale can be found here. Insiders have sold 520,549 shares of company stock worth $47,224,679 in the last 90 days. 2.66% of the stock is currently owned by insiders.

Fidelity National Information Services announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 2nd that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the information technology services provider to buy up to 13.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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

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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