Fidelity National Information Servcs Inc (NYSE:FIS) – Analysts at Cantor Fitzgerald cut their FY2018 earnings per share (EPS) estimates for Fidelity National Information Servcs in a research note issued on Sunday. Cantor Fitzgerald analyst J. Foresi now forecasts that the information technology services provider will earn $4.86 per share for the year, down from their previous forecast of $4.92. Cantor Fitzgerald currently has a “Buy” rating and a $108.00 target price on the stock.

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

Several other equities analysts have also recently weighed in on FIS. Zacks Investment Research raised Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research note on Tuesday, October 3rd. Credit Suisse Group reaffirmed an “outperform” rating and set a $108.00 target price (up previously from $100.00) on shares of Fidelity National Information Servcs in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Oppenheimer lifted their target price on Fidelity National Information Servcs from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Barclays lifted their target price on Fidelity National Information Servcs from $102.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Finally, BidaskClub raised Fidelity National Information Servcs from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $99.20.

Shares of Fidelity National Information Servcs (FIS) traded up $1.54 on Wednesday, reaching $95.17. The company had a trading volume of 2,017,100 shares, compared to its average volume of 1,522,296. The stock has a market cap of $31,260.11, a PE ratio of 22.29, a P/E/G ratio of 1.77 and a beta of 0.89. Fidelity National Information Servcs has a 1 year low of $73.97 and a 1 year high of $96.67. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.25 and a quick ratio of 1.25.

Several institutional investors have recently made changes to their positions in FIS. Strs Ohio lifted its holdings in shares of Fidelity National Information Servcs by 10.1% during the 2nd quarter. Strs Ohio now owns 15,696 shares of the information technology services provider’s stock valued at $1,340,000 after buying an additional 1,445 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Fidelity National Information Servcs by 0.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 23,018 shares of the information technology services provider’s stock worth $1,966,000 after purchasing an additional 93 shares during the last quarter. Bbva Compass Bancshares Inc. lifted its holdings in Fidelity National Information Servcs by 5.2% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,303 shares of the information technology services provider’s stock worth $197,000 after purchasing an additional 114 shares during the last quarter. Rothschild Asset Management Inc. lifted its holdings in Fidelity National Information Servcs by 2.5% in the 2nd quarter. Rothschild Asset Management Inc. now owns 6,074 shares of the information technology services provider’s stock worth $519,000 after purchasing an additional 148 shares during the last quarter. Finally, Korea Investment CORP lifted its holdings in Fidelity National Information Servcs by 17.6% in the 2nd quarter. Korea Investment CORP now owns 145,584 shares of the information technology services provider’s stock worth $12,433,000 after purchasing an additional 21,789 shares during the last quarter. Institutional investors and hedge funds own 87.89% of the company’s stock.

In other news, COO Anthony M. Jabbour sold 100,000 shares of Fidelity National Information Servcs 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 completion of the sale, the chief operating officer now directly owns 282,689 shares in the company, valued at approximately $26,109,156.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Gregory G. Montana sold 58,547 shares of Fidelity National Information Servcs stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $92.54, for a total value of $5,417,939.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 167,033 shares of company stock valued at $15,433,548. 2.66% of the stock is owned by corporate insiders.

The company 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 is Thursday, December 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.22%. Fidelity National Information Servcs’s dividend payout ratio is 71.60%.

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About Fidelity National Information Servcs

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 Servcs (NYSE:FIS)

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