Fidelity National Information Services, Inc. (NYSE:FIS) – Equities researchers at SunTrust Banks upped their FY2017 earnings estimates for Fidelity National Information Services in a report issued on Tuesday. SunTrust Banks analyst A. Jeffrey now forecasts that the information technology services provider will post earnings per share of $4.41 for the year, up from their prior forecast of $4.28. SunTrust Banks also issued estimates for Fidelity National Information Services’ Q4 2017 earnings at $1.34 EPS, Q1 2018 earnings at $0.99 EPS, Q2 2018 earnings at $1.12 EPS, Q3 2018 earnings at $1.24 EPS, Q4 2018 earnings at $1.48 EPS and FY2019 earnings at $5.42 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.12. The company 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 business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the business posted $1.00 EPS.

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Several other equities analysts have also weighed in on the stock. KeyCorp reissued a “buy” rating on shares of Fidelity National Information Services in a research report on Wednesday. Oppenheimer Holdings, Inc. raised their price target on shares of Fidelity National Information Services from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday. J P Morgan Chase & Co lowered their price target on shares of Fidelity National Information Services from $106.00 to $103.00 and set an “overweight” rating on the stock in a research report on Wednesday. Credit Suisse Group reaffirmed an “outperform” rating and set a $108.00 price target (up from $100.00) on shares of Fidelity National Information Services in a research report on Wednesday. They noted that the move was a valuation call. Finally, Barclays PLC raised their price target on shares of Fidelity National Information Services from $102.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $97.19.

Institutional investors have recently made changes to their positions in the business. Caldera Capital LLC grew its stake in Fidelity National Information Services by 10.8% during the second quarter. Caldera Capital LLC now owns 181,428 shares of the information technology services provider’s stock worth $15,493,000 after buying an additional 17,676 shares in the last quarter. Polaris Greystone Financial Group LLC grew its stake in Fidelity National Information Services by 1.7% during the second quarter. Polaris Greystone Financial Group LLC now owns 229,356 shares of the information technology services provider’s stock worth $19,587,000 after buying an additional 3,867 shares in the last quarter. Commerce Bank grew its stake in Fidelity National Information Services by 0.9% during the second quarter. Commerce Bank now owns 398,692 shares of the information technology services provider’s stock worth $34,048,000 after buying an additional 3,476 shares in the last quarter. Shell Asset Management Co. grew its stake in Fidelity National Information Services by 110.3% during the second quarter. Shell Asset Management Co. now owns 75,284 shares of the information technology services provider’s stock worth $6,429,000 after buying an additional 39,483 shares in the last quarter. Finally, Motco grew its stake in Fidelity National Information Services by 12.3% during the second quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after buying an additional 131 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 James B. Stallings, Jr. sold 2,181 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $90.32, for a total transaction of $196,987.92. Following the sale, the director now directly owns 12,317 shares in the company, valued at $1,112,471.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Anthony M. Jabbour sold 100,000 shares of the stock in a transaction dated Friday, September 8th. The stock was 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 owns 282,689 shares in the company, valued at $26,109,156.04. The disclosure for this sale can be found here. Insiders have sold 520,549 shares of company stock worth $47,224,679 over the last quarter. Corporate insiders own 2.66% of the company’s stock.

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. The ex-dividend date is Thursday, December 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.25%. Fidelity National Information Services’s payout ratio is 71.60%.

Fidelity National Information Services announced that its Board of Directors has initiated a share repurchase program 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 purchase up to 13.3% of its stock through open market purchases. Stock buyback programs are typically a sign 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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