Fidelity National Information Servcs Inc (NYSE:FIS) Expected to Earn FY2021 Earnings of $7.10 Per Share

Fidelity National Information Servcs Inc (NYSE:FIS) – Equities researchers at William Blair issued their FY2021 earnings per share estimates for Fidelity National Information Servcs in a note issued to investors on Tuesday, November 5th. William Blair analyst C. Shutler anticipates that the information technology services provider will earn $7.10 per share for the year.

Several other analysts have also weighed in on FIS. Canaccord Genuity started coverage on Fidelity National Information Servcs in a report on Thursday, September 12th. They issued a “buy” rating and a $151.00 target price on the stock. Cantor Fitzgerald upped their target price on Fidelity National Information Servcs from $134.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Citigroup upped their target price on Fidelity National Information Servcs from $142.00 to $152.00 and gave the company a “buy” rating in a report on Monday, September 9th. Raymond James set a $149.00 target price on Fidelity National Information Servcs and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Atlantic Securities began coverage on Fidelity National Information Servcs in a report on Tuesday, September 3rd. They issued an “overweight” rating and a $175.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $148.38.

Fidelity National Information Servcs stock traded down $1.66 during trading hours on Friday, hitting $130.69. The stock had a trading volume of 2,854,975 shares, compared to its average volume of 3,529,609. 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 24.99, 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 $130.98 and its two-hundred day moving average is $127.44.

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.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.40 annualized dividend and a yield of 1.07%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 26.77%.

In related news, Director Lisa Hook sold 6,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $136.14, for a total transaction of $816,840.00. Following the transaction, the director now directly owns 6,797 shares in the company, valued at $925,343.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James W. Woodall sold 100,499 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $133.76, for a total value of $13,442,746.24. Following the transaction, the chief financial officer now owns 157,497 shares in the company, valued at $21,066,798.72. The disclosure for this sale can be found here. Insiders have sold 321,756 shares of company stock worth $43,162,570 over the last quarter. 1.43% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in FIS. Nuveen Asset Management LLC increased its stake in Fidelity National Information Servcs by 9,131.1% during the second quarter. Nuveen Asset Management LLC now owns 4,432,427 shares of the information technology services provider’s stock worth $543,771,000 after acquiring an additional 4,384,411 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Fidelity National Information Servcs by 19.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 21,546,773 shares of the information technology services provider’s stock worth $2,860,549,000 after acquiring an additional 3,461,019 shares during the last quarter. Adelphi Capital LLP acquired a new stake in Fidelity National Information Servcs during the third quarter worth about $245,269,000. Diamond Hill Capital Management Inc. acquired a new stake in Fidelity National Information Servcs during the third quarter worth about $244,417,000. Finally, Assenagon Asset Management S.A. increased its stake in Fidelity National Information Servcs by 15,477.2% during the third quarter. Assenagon Asset Management S.A. now owns 1,527,029 shares of the information technology services provider’s stock worth $202,728,000 after acquiring an additional 1,517,226 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

About Fidelity National Information Servcs

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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