Fidelity National Information Services, Inc. (NYSE:FIS) – Analysts at KeyCorp upped their FY2017 EPS estimates for Fidelity National Information Services in a research report issued to clients and investors on Tuesday. KeyCorp analyst A. Ramnani now anticipates that the information technology services provider will post earnings per share of $4.43 for the year, up from their prior forecast of $4.28. KeyCorp has a “Buy” rating on the stock. KeyCorp also issued estimates for Fidelity National Information Services’ Q4 2017 earnings at $1.35 EPS, Q1 2018 earnings at $0.99 EPS, Q2 2018 earnings at $1.17 EPS, Q3 2018 earnings at $1.23 EPS, Q4 2018 earnings at $1.50 EPS and FY2018 earnings at $4.89 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, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the firm earned $1.00 earnings per share. Fidelity National Information Services’s revenue for the quarter was down 4.8% compared to the same quarter last year.

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Several other research firms also recently commented on FIS. Cowen and Company reaffirmed a “buy” rating and set a $97.00 price objective on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Zacks Investment Research raised shares of Fidelity National Information Services from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Robert W. Baird reaffirmed an “outperform” rating and set a $108.00 price objective (up from $102.00) on shares of Fidelity National Information Services in a report on Tuesday, October 10th. BMO Capital Markets upped their price objective on shares of Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $102.00 price objective (up from $94.00) on shares of Fidelity National Information Services in a report on Wednesday, August 9th. Four equities research 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 stock currently has a consensus rating of “Buy” and an average target price of $97.19.

Hedge funds have recently bought and sold shares of the stock. WFG Advisors LP increased its position in shares of Fidelity National Information Services by 99.8% in the second quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock worth $101,000 after purchasing an additional 593 shares during the last quarter. Motco increased its position in shares of Fidelity National Information Services by 12.3% in the second quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after purchasing an additional 131 shares during the last quarter. BB&T Investment Services Inc. bought a new position in shares of Fidelity National Information Services in the second quarter worth approximately $103,000. IFP Advisors Inc increased its position in shares of Fidelity National Information Services by 6.8% in the second quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock worth $112,000 after purchasing an additional 84 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Fidelity National Information Services by 77.0% in the second quarter. Advisors Asset Management Inc. now owns 1,439 shares of the information technology services provider’s stock worth $123,000 after purchasing an additional 626 shares during the last quarter. Institutional investors own 86.69% of the company’s stock.

In related news, 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 transaction, the director now directly owns 12,317 shares in the company, valued at $1,112,471.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 completion of the transaction, the director now owns 202,517 shares in the company, valued at $18,295,385.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 520,549 shares of company stock worth $47,224,679. 2.66% of the stock is owned by company insiders.

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

Fidelity National Information Services declared that its board has authorized a stock buyback program on Wednesday, August 2nd that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 13.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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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