Fidelity National Information Servcs Inc (FIS) Forecasted to Earn FY2019 Earnings of $5.99 Per Share

Fidelity National Information Servcs Inc (NYSE:FIS) – Cantor Fitzgerald issued their FY2019 earnings per share (EPS) estimates for Fidelity National Information Servcs in a research note issued to investors on Wednesday. Cantor Fitzgerald analyst J. Foresi anticipates that the information technology services provider will post earnings per share of $5.99 for the year. Cantor Fitzgerald has a “Buy” rating and a $108.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research raised Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research note on Friday. Robert W. Baird increased their price target on Fidelity National Information Servcs from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. KeyCorp reissued a “buy” rating on shares of Fidelity National Information Servcs in a research note on Wednesday, November 1st. JPMorgan Chase & Co. cut Fidelity National Information Servcs from an “overweight” rating to a “neutral” rating in a research note on Tuesday, December 12th. Finally, BMO Capital Markets increased their price target on Fidelity National Information Servcs from $104.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $102.47.

Shares of Fidelity National Information Servcs (NYSE:FIS) traded up $2.29 during mid-day trading on Friday, hitting $95.03. The stock had a trading volume of 2,295,428 shares, compared to its average volume of 1,776,865. The firm has a market capitalization of $32,308.45, a PE ratio of 23.91, a price-to-earnings-growth ratio of 1.56 and a beta of 0.90. The company has a current ratio of 0.92, a quick ratio of 1.25 and a debt-to-equity ratio of 0.71. Fidelity National Information Servcs has a 12 month low of $78.89 and a 12 month high of $103.65.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.02. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Fidelity National Information Servcs had a return on equity of 14.46% and a net margin of 14.46%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.14 earnings per share.

A number of institutional investors have recently made changes to their positions in FIS. QS Investors LLC grew its stake in Fidelity National Information Servcs by 5.9% in the second quarter. QS Investors LLC now owns 12,140 shares of the information technology services provider’s stock valued at $1,037,000 after acquiring an additional 677 shares during the period. Macquarie Group Ltd. grew its stake in Fidelity National Information Servcs by 17.8% in the second quarter. Macquarie Group Ltd. now owns 165,278 shares of the information technology services provider’s stock valued at $14,115,000 after acquiring an additional 24,955 shares during the period. Shelton Capital Management acquired a new stake in Fidelity National Information Servcs in the second quarter valued at approximately $215,000. Raymond James Financial Services Advisors Inc. grew its stake in Fidelity National Information Servcs by 28.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 34,271 shares of the information technology services provider’s stock valued at $2,927,000 after acquiring an additional 7,676 shares during the period. Finally, Nomura Holdings Inc. grew its stake in Fidelity National Information Servcs by 348.8% in the second quarter. Nomura Holdings Inc. now owns 24,960 shares of the information technology services provider’s stock valued at $2,133,000 after acquiring an additional 19,398 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

In other Fidelity National Information Servcs news, EVP Gregory G. Montana sold 58,547 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $92.54, for a total value of $5,417,939.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephan A. James sold 3,600 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $94.87, for a total value of $341,532.00. Following the completion of the sale, the director now directly owns 29,498 shares of the company’s stock, valued at approximately $2,798,475.26. The disclosure for this sale can be found here. Insiders have sold 79,147 shares of company stock valued at $7,366,481 in the last ninety days. 2.66% of the stock is currently owned by insiders.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, March 15th. This represents a $1.28 annualized dividend and a yield of 1.35%. This is a boost from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. Fidelity National Information Servcs’s dividend payout ratio (DPR) is currently 29.59%.

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Fidelity National Information Servcs 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 Servcs (NYSE:FIS)

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