Fidelity National Information Services, Inc. (NYSE:FIS) – Equities research analysts at Cantor Fitzgerald raised their FY2017 EPS estimates for shares of Fidelity National Information Services in a research note issued to investors on Tuesday. Cantor Fitzgerald analyst J. Foresi now expects that the information technology services provider will post earnings of $4.28 per share for the year, up from their previous estimate of $4.26. Cantor Fitzgerald currently has a “Buy” rating and a $89.00 target price on the stock. Cantor Fitzgerald also issued estimates for Fidelity National Information Services’ FY2018 earnings at $4.85 EPS.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.05. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the company posted $0.90 earnings per share. Fidelity National Information Services’s revenue was up 1.6% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: “Fidelity National Information Services, Inc. Forecasted to Earn FY2017 Earnings of $4.28 Per Share (NYSE:FIS)” was first reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/08/09/fidelity-national-information-services-inc-forecasted-to-earn-fy2017-earnings-of-4-28-per-share-nysefis.html.

FIS has been the topic of a number of other research reports. BidaskClub cut shares of Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research lowered shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Deutsche Bank AG restated a “hold” rating and issued a $89.00 price target (up from $80.00) on shares of Fidelity National Information Services in a research report on Wednesday, May 3rd. Barclays PLC restated a “buy” rating and issued a $94.00 price target on shares of Fidelity National Information Services in a research report on Monday, May 15th. Finally, Cowen and Company restated an “outperform” rating and issued a $92.00 price target (up from $90.00) on shares of Fidelity National Information Services in a research report on Monday, July 10th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $92.20.

Fidelity National Information Services (NYSE:FIS) opened at 89.99 on Wednesday. The company has a market cap of $29.70 billion, a PE ratio of 45.11 and a beta of 0.84. Fidelity National Information Services has a one year low of $73.25 and a one year high of $92.78. The firm has a 50-day moving average of $87.99 and a 200-day moving average of $83.57.

Institutional investors have recently made changes to their positions in the company. Financial Architects Inc raised its position in shares of Fidelity National Information Services by 0.7% in the first quarter. Financial Architects Inc now owns 1,327 shares of the information technology services provider’s stock worth $106,000 after buying an additional 9 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in shares of Fidelity National Information Services by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,266 shares of the information technology services provider’s stock worth $101,000 after buying an additional 9 shares during the last quarter. Huntington National Bank raised its position in shares of Fidelity National Information Services by 1.0% in the first quarter. Huntington National Bank now owns 1,950 shares of the information technology services provider’s stock worth $155,000 after buying an additional 20 shares during the last quarter. Private Trust Co. NA raised its position in shares of Fidelity National Information Services by 0.4% in the second quarter. Private Trust Co. NA now owns 4,986 shares of the information technology services provider’s stock worth $425,000 after buying an additional 20 shares during the last quarter. Finally, Ronald Blue & Co. LLC raised its position in shares of Fidelity National Information Services by 0.9% in the first quarter. Ronald Blue & Co. LLC now owns 4,188 shares of the information technology services provider’s stock worth $333,000 after buying an additional 37 shares during the last quarter. Institutional investors own 86.70% of the company’s stock.

In other news, Director James B. Stallings, Jr. sold 2,181 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $90.32, for a total transaction of $196,987.92. Following the transaction, the director now directly owns 12,317 shares in the company, valued at $1,112,471.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James B. Stallings, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $85.39, for a total transaction of $85,390.00. Following the transaction, the director now owns 14,498 shares in the company, valued at $1,237,984.22. The disclosure for this sale can be found here. Insiders have sold 403,181 shares of company stock worth $36,418,378 over the last quarter. 2.66% of the stock is owned by company insiders.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.29%. Fidelity National Information Services’s payout ratio is 58.00%.

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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