Fidelity National Information Servcs Inc Forecasted to Post FY2019 Earnings of $5.53 Per Share (NYSE:FIS)

Fidelity National Information Servcs Inc (NYSE:FIS) – Research analysts at Wedbush upped their FY2019 earnings estimates for shares of Fidelity National Information Servcs in a research report issued on Tuesday, November 5th. Wedbush analyst M. Katri now anticipates that the information technology services provider will post earnings of $5.53 per share for the year, up from their prior estimate of $5.33. Wedbush currently has a “Outperform” rating and a $150.00 target price on the stock. Wedbush also issued estimates for Fidelity National Information Servcs’ Q4 2019 earnings at $1.54 EPS.

Fidelity National Information Servcs (NYSE:FIS) last posted its earnings results on Tuesday, November 5th. The information technology services provider reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.08. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.84 billion. Fidelity National Information Servcs had a return on equity of 12.07% and a net margin of 8.24%. Fidelity National Information Servcs’s revenue was up 35.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.33 earnings per share.

Several other analysts have also weighed in on FIS. Barclays set a $147.00 target price on Fidelity National Information Servcs and gave the company a “buy” rating in a report on Monday, August 12th. Goldman Sachs Group started coverage on Fidelity National Information Servcs in a report on Thursday, July 25th. They issued a “buy” rating and a $154.00 target price on the stock. Berenberg Bank set a $171.00 target price on Fidelity National Information Servcs and gave the company a “buy” rating in a report on Friday, August 9th. Royal Bank of Canada upped their target price on Fidelity National Information Servcs from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Robert W. Baird upped their target price on Fidelity National Information Servcs from $158.00 to $162.00 and gave the company an “outperform” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Fidelity National Information Servcs presently has a consensus rating of “Buy” and an average target price of $148.38.

Fidelity National Information Servcs stock traded down $1.44 during trading hours on Friday, hitting $130.91. The stock had a trading volume of 658,590 shares, compared to its average volume of 2,937,765. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.86 and a quick ratio of 3.00. The stock has a market capitalization of $81.09 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 2.68 and a beta of 0.63. Fidelity National Information Servcs has a 1-year low of $94.53 and a 1-year high of $141.35. The stock’s fifty day moving average is $131.05 and its two-hundred day moving average is $127.35.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, December 12th. Fidelity National Information Servcs’s payout ratio is currently 26.77%.

In other Fidelity National Information Servcs news, Director Charles Drucker sold 62,816 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $134.22, for a total value of $8,431,163.52. Following the sale, the director now directly owns 533,516 shares of the company’s stock, valued at approximately $71,608,517.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mark L. Heimbouch sold 111,586 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $134.28, for a total value of $14,983,768.08. Following the completion of the sale, the insider now directly owns 199,168 shares in the company, valued at $26,744,279.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 321,756 shares of company stock worth $43,162,570. Corporate insiders own 1.43% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Cox Capital Mgt LLC lifted its position in shares of Fidelity National Information Servcs by 3.5% in the second quarter. Cox Capital Mgt LLC now owns 6,562 shares of the information technology services provider’s stock worth $805,000 after buying an additional 219 shares during the last quarter. Swedbank boosted its holdings in Fidelity National Information Servcs by 27.6% in the 2nd quarter. Swedbank now owns 1,222,018 shares of the information technology services provider’s stock worth $149,917,000 after buying an additional 264,272 shares during the period. DNB Asset Management AS boosted its holdings in Fidelity National Information Servcs by 92.6% in the 2nd quarter. DNB Asset Management AS now owns 97,867 shares of the information technology services provider’s stock worth $12,006,000 after buying an additional 47,042 shares during the period. WINTON GROUP Ltd boosted its holdings in Fidelity National Information Servcs by 25.4% in the 2nd quarter. WINTON GROUP Ltd now owns 8,484 shares of the information technology services provider’s stock worth $1,041,000 after buying an additional 1,720 shares during the period. Finally, Carroll Financial Associates Inc. boosted its holdings in Fidelity National Information Servcs by 23.8% in the 2nd quarter. Carroll Financial Associates Inc. now owns 755 shares of the information technology services provider’s stock worth $92,000 after buying an additional 145 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

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

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