Fidelity National Information Services, Inc. (NYSE:FIS) – Analysts at Northcoast Research lifted their FY2017 earnings per share estimates for shares of Fidelity National Information Services in a note issued to investors on Wednesday. Northcoast Research analyst K. Mehta now forecasts that the information technology services provider will post earnings of $4.42 per share for the year, up from their previous estimate of $4.27. Northcoast Research also issued estimates for Fidelity National Information Services’ Q4 2017 earnings at $1.36 EPS.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly 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 return on equity of 14.05% and a net margin of 5.82%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the firm earned $1.00 earnings per share. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. TRADEMARK VIOLATION WARNING: “FY2017 Earnings Forecast for Fidelity National Information Services, Inc. Issued By Northcoast Research (FIS)” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/11/02/fy2017-earnings-forecast-for-fidelity-national-information-services-inc-issued-by-northcoast-research-fis.html.

Other equities research analysts have also issued research reports about the company. Cowen and Company reaffirmed a “buy” rating and issued a $97.00 target price on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Zacks Investment Research raised Fidelity National Information Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Robert W. Baird reaffirmed an “outperform” rating and issued a $108.00 target price (up previously from $102.00) on shares of Fidelity National Information Services in a research note on Tuesday, October 10th. BMO Capital Markets upped their target price on Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $102.00 target price (up previously from $94.00) on shares of Fidelity National Information Services in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Fidelity National Information Services has a consensus rating of “Buy” and a consensus price target of $97.19.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.29 dividend. 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 (DPR) is presently 71.60%.

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

In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 2,181 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $90.32, for a total value of $196,987.92. Following the completion of the transaction, the director now directly owns 12,317 shares in the company, valued at approximately $1,112,471.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Anthony M. Jabbour sold 100,000 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $92.36, for a total value of $9,236,000.00. Following the completion of the transaction, the chief operating officer now owns 282,689 shares of the company’s stock, valued at $26,109,156.04. The disclosure for this sale can be found here. Insiders sold a total of 520,549 shares of company stock valued at $47,224,679 over the last quarter. 2.66% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of FIS. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in Fidelity National Information Services by 23.8% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,706 shares of the information technology services provider’s stock valued at $375,000 after acquiring an additional 906 shares during the last quarter. Janus Capital Management LLC increased its holdings in shares of Fidelity National Information Services by 23.7% during the 1st quarter. Janus Capital Management LLC now owns 5,127,324 shares of the information technology services provider’s stock worth $408,238,000 after buying an additional 983,896 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Fidelity National Information Services by 59.7% during the 1st quarter. Point72 Asset Management L.P. now owns 56,200 shares of the information technology services provider’s stock worth $4,475,000 after buying an additional 21,000 shares during the last quarter. Summit Global Investments increased its holdings in shares of Fidelity National Information Services by 180.8% during the 1st quarter. Summit Global Investments now owns 17,520 shares of the information technology services provider’s stock worth $1,395,000 after buying an additional 11,280 shares during the last quarter. Finally, Bank of Nova Scotia increased its holdings in shares of Fidelity National Information Services by 933.0% during the 1st quarter. Bank of Nova Scotia now owns 75,139 shares of the information technology services provider’s stock worth $5,982,000 after buying an additional 67,865 shares during the last quarter. Institutional investors 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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