Fidelity National Information Servcs Inc Forecasted to Post FY2018 Earnings of $5.20 Per Share (FIS)

Fidelity National Information Servcs Inc (NYSE:FIS) – Cantor Fitzgerald raised their FY2018 EPS estimates for Fidelity National Information Servcs in a report issued on Wednesday. Cantor Fitzgerald analyst J. Foresi now expects that the information technology services provider will post earnings per share of $5.20 for the year, up from their prior estimate of $4.86. Cantor Fitzgerald has a “Buy” rating and a $108.00 price target on the stock.

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

Several other brokerages have also recently weighed in on FIS. Robert W. Baird upped their price target on Fidelity National Information Servcs from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. BMO Capital Markets upped their price target on Fidelity National Information Servcs from $104.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “buy” rating and set a $116.00 price target on shares of Fidelity National Information Servcs in a research report on Wednesday, February 7th. JPMorgan Chase & Co. cut Fidelity National Information Servcs from an “overweight” rating to a “neutral” rating in a research report on Tuesday, December 12th. Finally, Barclays upped their price target on Fidelity National Information Servcs from $102.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $102.47.

Shares of Fidelity National Information Servcs (NYSE FIS) opened at $95.03 on Monday. Fidelity National Information Servcs has a 52-week low of $78.89 and a 52-week high of $103.65. The firm has a market capitalization of $31,727.52, a PE ratio of 24.24, a PEG ratio of 1.53 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.

Institutional investors and hedge funds have recently modified their holdings of the business. Andra AP fonden boosted its stake in Fidelity National Information Servcs by 2.3% in the third quarter. Andra AP fonden now owns 160,000 shares of the information technology services provider’s stock worth $14,942,000 after buying an additional 3,600 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Fidelity National Information Servcs by 10.1% during the third 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. Synovus Financial Corp purchased a new stake in shares of Fidelity National Information Servcs during the third quarter valued at approximately $279,000. IFM Investors Pty Ltd purchased a new stake in shares of Fidelity National Information Servcs during the third quarter valued at approximately $869,000. Finally, Comerica Bank boosted its stake in shares of Fidelity National Information Servcs by 23.1% during the third quarter. Comerica Bank now owns 108,519 shares of the information technology services provider’s stock valued at $10,425,000 after purchasing an additional 20,389 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

In other Fidelity National Information Servcs news, Director David K. Hunt sold 17,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $94.53, for a total value of $1,607,010.00. Following the completion of the sale, the director now owns 19,154 shares of the company’s stock, valued at $1,810,627.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephan A. James sold 3,600 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was 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. 2.66% of the stock is currently owned by insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be issued a dividend of $0.32 per share. This is a positive change from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.35%. Fidelity National Information Servcs’s payout ratio is presently 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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