Analysts Set Expectations for Fidelity National Information Services, Inc.’s Q3 2017 Earnings (FIS)

Fidelity National Information Services, Inc. (NYSE:FIS) – Equities research analysts at Wedbush decreased their Q3 2017 earnings per share (EPS) estimates for Fidelity National Information Services in a note issued to investors on Tuesday. Wedbush analyst M. Katri now anticipates that the information technology services provider will post earnings of $1.06 per share for the quarter, down from their previous forecast of $1.13. Wedbush also issued estimates for Fidelity National Information Services’ Q4 2017 earnings at $1.33 EPS, FY2017 earnings at $4.28 EPS, Q1 2018 earnings at $0.98 EPS, Q3 2018 earnings at $1.27 EPS, Q4 2018 earnings at $1.46 EPS, FY2018 earnings at $4.85 EPS, Q1 2019 earnings at $1.05 EPS, Q2 2019 earnings at $1.21 EPS, Q3 2019 earnings at $1.33 EPS and FY2019 earnings at $5.15 EPS.

Other equities analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Royal Bank Of Canada reiterated a “buy” rating and set a $96.00 target price on shares of Fidelity National Information Services in a research note on Wednesday, July 12th. Cowen and Company reiterated a “buy” rating and set a $97.00 target price on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Robert W. Baird reiterated a “buy” rating and set a $102.00 target price on shares of Fidelity National Information Services in a research note on Friday, September 8th. Finally, Zacks Investment Research upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Tuesday, October 3rd. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $94.67.

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Shares of Fidelity National Information Services (NYSE FIS) opened at 94.81 on Wednesday. Fidelity National Information Services has a one year low of $73.25 and a one year high of $95.21. The stock’s 50 day moving average price is $93.32 and its 200 day moving average price is $87.91. The stock has a market cap of $31.52 billion, a price-to-earnings ratio of 47.52 and a beta of 0.85.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.97 by $0.05. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the business posted $0.90 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year.

Fidelity National Information Services announced that its Board of Directors has approved a share repurchase plan on Wednesday, August 2nd that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the information technology services provider to repurchase up to 13.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

In other news, COO Anthony M. Jabbour sold 100,000 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $92.36, for a total value of $9,236,000.00. Following the completion of the sale, the chief operating officer now directly owns 282,689 shares of the company’s stock, valued at $26,109,156.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James B. Stallings, Jr. sold 2,181 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $90.32, for a total transaction of $196,987.92. Following the completion of the sale, the director now directly owns 12,317 shares of the company’s stock, valued at $1,112,471.44. The disclosure for this sale can be found here. Insiders sold 520,549 shares of company stock valued at $47,224,679 over the last ninety days. Corporate insiders own 2.66% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Achmea Investment Management B.V. raised its holdings in shares of Fidelity National Information Services by 503.9% in the second quarter. Achmea Investment Management B.V. now owns 17,091 shares of the information technology services provider’s stock valued at $1,458,000 after buying an additional 14,261 shares during the last quarter. WFG Advisors LP raised its holdings in shares of Fidelity National Information Services by 99.8% in the second quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 593 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Fidelity National Information Services by 25.7% in the second quarter. Toronto Dominion Bank now owns 114,596 shares of the information technology services provider’s stock valued at $9,786,000 after buying an additional 23,428 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at about $311,000. Finally, BB&T Investment Services Inc. purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at about $103,000. 86.64% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services 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 Services (NYSE:FIS)

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