Analysts expect Fidelity National Information Services, Inc. (NYSE:FIS) to announce earnings per share (EPS) of $1.34 for the current quarter, Zacks reports. Ten analysts have issued estimates for Fidelity National Information Services’ earnings, with the lowest EPS estimate coming in at $1.32 and the highest estimate coming in at $1.36. Fidelity National Information Services reported earnings of $1.14 per share during the same quarter last year, which suggests a positive year over year growth rate of 17.5%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 6th.

On average, analysts expect that Fidelity National Information Services will report full-year earnings of $4.40 per share for the current financial year, with EPS estimates ranging from $4.26 to $4.43. For the next fiscal year, analysts anticipate that the business will post earnings of $4.86 per share, with EPS estimates ranging from $4.80 to $4.93. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Fidelity National Information Services.

Fidelity National Information Services (NYSE:FIS) last announced 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 return on equity of 14.05% and a net margin of 5.82%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the firm posted $1.00 earnings per share. The firm’s revenue was down 4.8% on a year-over-year basis.

Several equities analysts have commented on FIS shares. BidaskClub lowered Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Zacks Investment Research raised Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Tuesday, October 3rd. Stephens reissued a “positive” rating and set a $101.00 price objective (up previously from $93.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Barclays PLC reissued an “overweight” rating and set a $102.00 price objective (up previously from $94.00) on shares of Fidelity National Information Services in a research report on Wednesday, August 9th. Finally, Oppenheimer Holdings, Inc. raised their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. 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’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $97.19.

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Shares of Fidelity National Information Services (FIS) traded up $0.24 during trading on Friday, reaching $92.76. The company’s stock had a trading volume of 1,789,564 shares, compared to its average volume of 1,518,214. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $30,970.00, a price-to-earnings ratio of 21.82, a P/E/G ratio of 1.73 and a beta of 0.88. Fidelity National Information Services has a fifty-two week low of $73.97 and a fifty-two week high of $96.67.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.25%. Fidelity National Information Services’s payout ratio is presently 72.05%.

In related news, Director Stephan A. James sold 18,368 shares of Fidelity National Information Services stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $90.14, for a total value of $1,655,691.52. Following the completion of the sale, the director now directly owns 43,231 shares in the company, valued at approximately $3,896,842.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Anthony M. Jabbour sold 100,000 shares of Fidelity National Information Services stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $92.36, for a total value of $9,236,000.00. Following the completion of the sale, 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. 2.66% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIS. Zeke Capital Advisors LLC grew its stake in shares of Fidelity National Information Services by 135.5% during the 3rd quarter. Zeke Capital Advisors LLC now owns 5,769 shares of the information technology services provider’s stock valued at $539,000 after purchasing an additional 3,319 shares during the period. Amalgamated Bank grew its stake in shares of Fidelity National Information Services by 2.2% during the 3rd quarter. Amalgamated Bank now owns 38,860 shares of the information technology services provider’s stock valued at $3,629,000 after purchasing an additional 818 shares during the period. Schroder Investment Management Group grew its stake in shares of Fidelity National Information Services by 119.8% during the 3rd quarter. Schroder Investment Management Group now owns 58,797 shares of the information technology services provider’s stock valued at $5,488,000 after purchasing an additional 32,051 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Fidelity National Information Services by 10.1% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,034 shares of the information technology services provider’s stock valued at $2,525,000 after purchasing an additional 2,474 shares during the period. Finally, Trexquant Investment LP bought a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at about $631,000. Institutional investors own 86.99% 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.

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Earnings History and Estimates for Fidelity National Information Services (NYSE:FIS)

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