Fidelity National Information Servcs Inc (FIS) to Post FY2019 Earnings of $5.80 Per Share, Northcoast Research Forecasts

Fidelity National Information Servcs Inc (NYSE:FIS) – Investment analysts at Northcoast Research reduced their FY2019 EPS estimates for shares of Fidelity National Information Servcs in a research report issued to clients and investors on Wednesday, October 31st. Northcoast Research analyst K. Mehta now anticipates that the information technology services provider will post earnings of $5.80 per share for the year, down from their prior forecast of $5.85.

Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, October 30th. The information technology services provider reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.03. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.09 billion. Fidelity National Information Servcs had a return on equity of 15.78% and a net margin of 17.89%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the business posted $1.18 EPS.

Several other analysts also recently commented on FIS. ValuEngine downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Cantor Fitzgerald raised their target price on Fidelity National Information Servcs from $117.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup reduced their target price on Fidelity National Information Servcs from $124.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday. Wolfe Research assumed coverage on Fidelity National Information Servcs in a research note on Tuesday, July 17th. They issued an “outperform” rating for the company. Finally, Zacks Investment Research upgraded Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Friday, August 3rd. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $117.50.

Shares of FIS opened at $103.95 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.34 and a quick ratio of 1.38. The stock has a market capitalization of $34.07 billion, a PE ratio of 20.68, a PEG ratio of 1.65 and a beta of 0.93. Fidelity National Information Servcs has a one year low of $89.31 and a one year high of $110.83.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a $0.32 dividend. The ex-dividend date is Thursday, December 13th. This represents a $1.28 annualized dividend and a yield of 1.23%. Fidelity National Information Servcs’s payout ratio is 28.96%.

In related news, EVP Lenore D. Williams sold 4,285 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $106.00, for a total value of $454,210.00. Following the transaction, the executive vice president now owns 4,999 shares of the company’s stock, valued at approximately $529,894. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephan A. James sold 23,922 shares of Fidelity National Information Servcs stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $108.97, for a total transaction of $2,606,780.34. Following the transaction, the director now directly owns 41,585 shares in the company, valued at approximately $4,531,517.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,129 shares of company stock worth $4,967,533. 2.08% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the business. Legacy Capital Partners Inc. lifted its position in shares of Fidelity National Information Servcs by 13.1% during the 2nd quarter. Legacy Capital Partners Inc. now owns 4,061 shares of the information technology services provider’s stock worth $431,000 after buying an additional 470 shares in the last quarter. Eagle Asset Management Inc. lifted its position in shares of Fidelity National Information Servcs by 13.2% during the 2nd quarter. Eagle Asset Management Inc. now owns 4,140 shares of the information technology services provider’s stock worth $438,000 after buying an additional 482 shares in the last quarter. State Treasurer State of Michigan lifted its position in shares of Fidelity National Information Servcs by 0.4% during the 2nd quarter. State Treasurer State of Michigan now owns 112,606 shares of the information technology services provider’s stock worth $11,940,000 after buying an additional 500 shares in the last quarter. Manchester Capital Management LLC lifted its position in shares of Fidelity National Information Servcs by 24.7% during the 2nd quarter. Manchester Capital Management LLC now owns 2,523 shares of the information technology services provider’s stock worth $268,000 after buying an additional 500 shares in the last quarter. Finally, First Citizens Bank & Trust Co. lifted its position in shares of Fidelity National Information Servcs by 2.3% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 22,137 shares of the information technology services provider’s stock worth $2,347,000 after buying an additional 502 shares in the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

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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