Fidelity National Information Services, Inc. (NYSE:FIS) – Investment analysts at William Blair cut their Q3 2017 earnings per share (EPS) estimates for Fidelity National Information Services in a report issued on Friday. William Blair analyst C. Shutler now forecasts that the information technology services provider will post earnings per share of $1.13 for the quarter, down from their prior forecast of $1.14. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Fidelity National Information Services’ Q4 2017 earnings at $1.33 EPS and FY2017 earnings at $4.30 EPS.

Several other equities research analysts also recently weighed in on FIS. Oppenheimer Holdings, Inc. lifted their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, July 13th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $96.00 price target on shares of Fidelity National Information Services in a research note on Wednesday, July 12th. Cowen and Company reaffirmed an “outperform” rating and issued a $92.00 price target (up from $90.00) on shares of Fidelity National Information Services in a research note on Monday, July 10th. BidaskClub raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $94.00 price target (up from $92.00) on shares of Fidelity National Information Services in a research note on Friday, June 16th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Fidelity National Information Services currently has an average rating of “Buy” and a consensus target price of $89.67.

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Fidelity National Information Services (NYSE:FIS) opened at 89.63 on Monday. The firm has a market capitalization of $29.63 billion, a price-to-earnings ratio of 45.75 and a beta of 0.83. The company has a 50-day moving average of $84.92 and a 200-day moving average of $81.44. Fidelity National Information Services has a 52 week low of $73.25 and a 52 week high of $89.77.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, May 2nd. The information technology services provider reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.04. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. Fidelity National Information Services had a net margin of 6.99% and a return on equity of 13.14%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 EPS.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIS. National Pension Service boosted its position in Fidelity National Information Services by 10.0% in the first quarter. National Pension Service now owns 263,688 shares of the information technology services provider’s stock worth $21,108,000 after buying an additional 23,897 shares during the last quarter. Private Trust Co. NA boosted its position in Fidelity National Information Services by 18.6% in the first quarter. Private Trust Co. NA now owns 4,966 shares of the information technology services provider’s stock worth $395,000 after buying an additional 778 shares during the last quarter. Barometer Capital Management Inc. bought a new position in Fidelity National Information Services during the first quarter worth $637,000. Neuburgh Advisers LLC boosted its position in Fidelity National Information Services by 4.6% in the first quarter. Neuburgh Advisers LLC now owns 51,680 shares of the information technology services provider’s stock worth $4,115,000 after buying an additional 2,278 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its position in Fidelity National Information Services by 5.1% in the first quarter. Capstone Asset Management Co. now owns 34,200 shares of the information technology services provider’s stock worth $2,723,000 after buying an additional 1,670 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

In related news, Director James B. Stallings, Jr. sold 1,000 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $85.39, for a total transaction of $85,390.00. Following the transaction, the director now directly owns 14,498 shares in the company, valued at $1,237,984.22. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael P. Oates sold 266,712 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $82.79, for a total transaction of $22,081,086.48. Following the transaction, the executive vice president now owns 312,828 shares in the company, valued at $25,899,030.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 746,501 shares of company stock worth $61,960,326. 2.66% of the stock is owned by corporate insiders.

The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.29%. The ex-dividend date was Wednesday, June 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.88%.

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.

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

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