KeyCorp Research Analysts Cut Earnings Estimates for Fidelity National Information Servcs Inc (FIS)

Fidelity National Information Servcs Inc (NYSE:FIS) – Research analysts at KeyCorp cut their FY2019 earnings per share estimates for Fidelity National Information Servcs in a research report issued to clients and investors on Tuesday, October 30th. KeyCorp analyst A. Ramnani now expects that the information technology services provider will earn $5.72 per share for the year, down from their prior forecast of $5.74.

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

Other research analysts have also recently issued research reports about the company. 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. SunTrust Banks raised their target price on Fidelity National Information Servcs to $125.00 and gave the company a “buy” rating in a research note on Monday, September 24th. They noted that the move was a valuation call. Citigroup lowered 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. ValuEngine upgraded Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Wood & Company raised their target price on Fidelity National Information Servcs to $117.00 and gave the company a “hold” rating in a research note on Thursday, September 27th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $117.50.

Shares of FIS traded down $0.39 on Friday, reaching $103.56. The stock had a trading volume of 46,424 shares, compared to its average volume of 1,844,578. The stock has a market cap of $34.07 billion, a PE ratio of 23.50, a PEG ratio of 1.65 and a beta of 0.93. The company has a quick ratio of 1.38, a current ratio of 1.34 and a debt-to-equity ratio of 0.89. Fidelity National Information Servcs has a 12-month low of $89.31 and a 12-month high of $110.83.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, December 13th. Fidelity National Information Servcs’s payout ratio is 28.96%.

In other Fidelity National Information Servcs news, Director Stephan A. James sold 23,922 shares of Fidelity National Information Servcs stock in a transaction 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 completion of the transaction, the director now owns 41,585 shares in the company, valued at $4,531,517.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David K. Hunt sold 17,922 shares of Fidelity National Information Servcs stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $106.38, for a total value of $1,906,542.36. Following the transaction, the director now owns 24,989 shares of the company’s stock, valued at approximately $2,658,329.82. The disclosure for this sale can be found here. Insiders have sold 46,129 shares of company stock valued at $4,967,533 in the last quarter. 2.08% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Unigestion Holding SA purchased a new position in shares of Fidelity National Information Servcs in the second quarter worth $10,740,000. EdgePoint Investment Group Inc. purchased a new position in shares of Fidelity National Information Servcs in the second quarter worth $256,346,000. Natixis raised its stake in shares of Fidelity National Information Servcs by 1,257.7% in the second quarter. Natixis now owns 577,810 shares of the information technology services provider’s stock worth $61,265,000 after purchasing an additional 535,253 shares during the last quarter. Capital Fund Management S.A. raised its stake in shares of Fidelity National Information Servcs by 32.6% in the second quarter. Capital Fund Management S.A. now owns 79,757 shares of the information technology services provider’s stock worth $8,457,000 after purchasing an additional 19,600 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its stake in shares of Fidelity National Information Servcs by 5.0% in the second quarter. Riverhead Capital Management LLC now owns 11,579 shares of the information technology services provider’s stock worth $1,228,000 after purchasing an additional 552 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Fidelity National Information Servcs Company Profile

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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