Fidelity National Information Servcs Inc (FIS) Expected to Announce Earnings of $1.34 Per Share

Wall Street analysts expect Fidelity National Information Servcs Inc (NYSE:FIS) to report $1.34 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Fidelity National Information Servcs’ earnings, with the lowest EPS estimate coming in at $1.28 and the highest estimate coming in at $1.36. Fidelity National Information Servcs reported earnings of $1.14 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.5%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, February 6th.

On average, analysts expect that Fidelity National Information Servcs will report full year earnings of $4.41 per share for the current financial year, with EPS estimates ranging from $4.34 to $4.43. For the next financial year, analysts anticipate that the company will post earnings of $4.84 per share, with EPS estimates ranging from $4.75 to $4.92. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Fidelity National Information Servcs.

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

FIS has been the topic of several recent research reports. Barclays lifted their price objective on shares of Fidelity National Information Servcs from $102.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. Robert W. Baird reaffirmed an “outperform” rating and issued a $108.00 price objective (up previously from $102.00) on shares of Fidelity National Information Servcs in a research note on Tuesday, October 10th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Fidelity National Information Servcs in a research note on Sunday, November 12th. JPMorgan Chase & Co. cut shares of Fidelity National Information Servcs from an “overweight” rating to a “neutral” rating in a research note on Tuesday, December 12th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Fidelity National Information Servcs in a research note on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $99.53.

In other news, Director James B. Stallings, Jr. sold 8,486 shares of Fidelity National Information Servcs stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $91.87, for a total value of $779,608.82. Following the transaction, the director now directly owns 12,317 shares of the company’s stock, valued at $1,131,562.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephan A. James sold 3,600 shares of Fidelity National Information Servcs stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $94.87, for a total transaction of $341,532.00. Following the completion of the transaction, the director now directly owns 29,498 shares in the company, valued at $2,798,475.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,633 shares of company stock worth $8,146,090. 2.66% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Profund Advisors LLC grew its position in Fidelity National Information Servcs by 0.3% during the second quarter. Profund Advisors LLC now owns 8,492 shares of the information technology services provider’s stock valued at $725,000 after purchasing an additional 28 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in Fidelity National Information Servcs by 0.8% during the second quarter. Ameritas Investment Partners Inc. now owns 7,626 shares of the information technology services provider’s stock valued at $651,000 after purchasing an additional 63 shares in the last quarter. People s United Financial Inc. grew its position in Fidelity National Information Servcs by 1.5% during the second quarter. People s United Financial Inc. now owns 4,366 shares of the information technology services provider’s stock valued at $373,000 after purchasing an additional 66 shares in the last quarter. Veritable L.P. grew its position in Fidelity National Information Servcs by 0.7% during the second quarter. Veritable L.P. now owns 9,851 shares of the information technology services provider’s stock valued at $841,000 after purchasing an additional 73 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its position in Fidelity National Information Servcs by 0.6% during the second quarter. Pinebridge Investments L.P. now owns 16,456 shares of the information technology services provider’s stock valued at $1,405,000 after purchasing an additional 101 shares in the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Servcs (NYSE:FIS) opened at $98.47 on Friday. The stock has a market cap of $32,565.53, a P/E ratio of 23.22, a PEG ratio of 1.68 and a beta of 0.88. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.87. Fidelity National Information Servcs has a 52 week low of $75.52 and a 52 week high of $98.59.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, December 14th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is currently 71.60%.

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About Fidelity National Information Servcs

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 Servcs (NYSE:FIS)

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