Fidelity National Information Services, Inc. (FIS) Expected to Announce Quarterly Sales of $2.37 Billion

Brokerages expect Fidelity National Information Services, Inc. (NYSE:FIS) to report $2.37 billion in sales for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Fidelity National Information Services’ earnings, with the lowest sales estimate coming in at $2.35 billion and the highest estimate coming in at $2.43 billion. Fidelity National Information Services reported sales of $2.45 billion in the same quarter last year, which indicates a negative year over year growth rate of 3.3%. The business is expected to report its next earnings report on Tuesday, February 6th.

On average, analysts expect that Fidelity National Information Services will report full-year sales of $2.37 billion for the current year, with estimates ranging from $9.15 billion to $9.26 billion. For the next fiscal year, analysts forecast that the firm will report sales of $9.23 billion per share, with estimates ranging from $9.10 billion to $9.37 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Fidelity National Information Services.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.12. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.22 billion. Fidelity National Information Services had a return on equity of 14.05% and a net margin of 5.82%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 earnings per share.

A number of brokerages have commented on FIS. KeyCorp restated a “buy” rating on shares of Fidelity National Information Services in a research note on Wednesday, November 1st. Oppenheimer Holdings, Inc. boosted their price objective on Fidelity National Information Services from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. J P Morgan Chase & Co reduced their price objective on Fidelity National Information Services from $106.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 1st. Credit Suisse Group restated an “outperform” rating and set a $108.00 price objective (up previously from $100.00) on shares of Fidelity National Information Services in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Finally, Barclays PLC boosted their price objective on Fidelity National Information Services from $102.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $97.19.

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Fidelity National Information Services (NYSE FIS) opened at $92.76 on Friday. The company has a market capitalization of $30,889.51, a PE ratio of 22.03, a price-to-earnings-growth ratio of 1.75 and a beta of 0.88. Fidelity National Information Services has a one year low of $73.97 and a one year high of $96.67. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 1.25.

Fidelity National Information Services announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 2nd that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the information technology services provider to buy up to 13.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, December 14th. Fidelity National Information Services’s payout ratio is currently 71.60%.

In other Fidelity National Information Services news, Director Stephan A. James sold 18,368 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $90.14, for a total transaction of $1,655,691.52. Following the sale, the director now owns 43,231 shares in the company, valued at $3,896,842.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Anthony M. Jabbour sold 100,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief operating officer now owns 282,689 shares in the company, valued at approximately $26,109,156.04. The disclosure for this sale can be found here. Corporate insiders own 2.66% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caldera Capital LLC raised its stake in Fidelity National Information Services by 10.8% during the second quarter. Caldera Capital LLC now owns 181,428 shares of the information technology services provider’s stock valued at $15,493,000 after buying an additional 17,676 shares in the last quarter. Polaris Greystone Financial Group LLC grew its holdings in shares of Fidelity National Information Services by 1.7% during the second quarter. Polaris Greystone Financial Group LLC now owns 229,356 shares of the information technology services provider’s stock valued at $19,587,000 after purchasing an additional 3,867 shares during the last quarter. Commerce Bank grew its holdings in shares of Fidelity National Information Services by 0.9% during the second quarter. Commerce Bank now owns 398,692 shares of the information technology services provider’s stock valued at $34,048,000 after purchasing an additional 3,476 shares during the last quarter. Shell Asset Management Co. grew its holdings in shares of Fidelity National Information Services by 110.3% during the second quarter. Shell Asset Management Co. now owns 75,284 shares of the information technology services provider’s stock valued at $6,429,000 after purchasing an additional 39,483 shares during the last quarter. Finally, Motco grew its holdings in shares of Fidelity National Information Services by 12.3% during the second quarter. Motco now owns 1,192 shares of the information technology services provider’s stock valued at $102,000 after purchasing an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

About Fidelity National Information Services

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.

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

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