Brokerages Expect Fidelity National Information Servcs Inc (FIS) Will Announce Earnings of $1.59 Per Share

Equities research analysts expect Fidelity National Information Servcs Inc (NYSE:FIS) to announce $1.59 earnings per share for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Fidelity National Information Servcs’ earnings. The highest EPS estimate is $1.63 and the lowest is $1.57. Fidelity National Information Servcs posted earnings of $1.36 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.9%. The company is expected to announce its next quarterly earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that Fidelity National Information Servcs will report full year earnings of $5.22 per share for the current fiscal year, with EPS estimates ranging from $5.20 to $5.24. For the next financial year, analysts expect that the company will post earnings of $5.76 per share, with EPS estimates ranging from $5.68 to $5.86. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Fidelity National Information Servcs.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings data on Tuesday, October 30th. The information technology services provider reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.03. Fidelity National Information Servcs had a net margin of 17.89% and a return on equity of 15.78%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the company posted $1.18 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year.

Several research firms have commented on FIS. SunTrust Banks upped their price objective on Fidelity National Information Servcs to $125.00 and gave the stock a “buy” rating in a research report on Monday, September 24th. They noted that the move was a valuation call. Wood & Company increased their target price on Fidelity National Information Servcs to $117.00 and gave the company a “hold” rating in a research report on Thursday, September 27th. They noted that the move was a valuation call. ValuEngine upgraded Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Citigroup decreased their target price on Fidelity National Information Servcs from $124.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 31st. Finally, Cantor Fitzgerald increased their target price on Fidelity National Information Servcs from $117.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, October 31st. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $118.67.

In other Fidelity National Information Servcs news, Director Stephan A. James sold 23,922 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $108.97, for a total value of $2,606,780.34. Following the completion of the sale, the director now directly owns 41,585 shares of the company’s stock, valued at approximately $4,531,517.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gregory G. Montana sold 50,354 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $105.46, for a total value of $5,310,332.84. The disclosure for this sale can be found here. 2.08% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Fidelity National Information Servcs by 15.6% during the 2nd quarter. BlackRock Inc. now owns 26,143,372 shares of the information technology services provider’s stock worth $2,771,982,000 after purchasing an additional 3,530,593 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Fidelity National Information Servcs by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 24,821,437 shares of the information technology services provider’s stock worth $2,707,274,000 after purchasing an additional 261,868 shares during the last quarter. Morgan Stanley increased its position in shares of Fidelity National Information Servcs by 6.8% during the 3rd quarter. Morgan Stanley now owns 5,320,322 shares of the information technology services provider’s stock worth $580,287,000 after purchasing an additional 339,407 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Fidelity National Information Servcs by 18.4% during the 2nd quarter. Voya Investment Management LLC now owns 4,524,231 shares of the information technology services provider’s stock worth $479,704,000 after purchasing an additional 701,796 shares during the last quarter. Finally, Findlay Park Partners LLP increased its position in shares of Fidelity National Information Servcs by 9.0% during the 3rd quarter. Findlay Park Partners LLP now owns 3,950,000 shares of the information technology services provider’s stock worth $430,827,000 after purchasing an additional 325,000 shares during the last quarter. 88.13% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:FIS opened at $104.62 on Friday. Fidelity National Information Servcs has a twelve month low of $92.12 and a twelve month high of $110.83. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $34.64 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.28 dividend on an annualized basis and a yield of 1.22%. Fidelity National Information Servcs’s payout ratio is currently 28.96%.

Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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