Brokerages expect that Fidelity National Information Services, Inc. (NYSE:FIS) will post $2.37 billion in sales for the current fiscal quarter, according to Zacks. Ten analysts have made estimates for Fidelity National Information Services’ earnings, with estimates ranging from $2.35 billion to $2.43 billion. Fidelity National Information Services reported sales of $2.45 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.3%. The company is expected to announce its next earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that Fidelity National Information Services will report full-year sales of $2.37 billion for the current financial year, with estimates ranging from $9.15 billion to $9.26 billion. For the next year, analysts forecast that the company will post sales of $9.21 billion per share, with estimates ranging from $9.04 billion to $9.37 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Fidelity National Information Services.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.12. Fidelity National Information Services had a net margin of 5.82% and a return on equity of 14.05%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the business earned $1.00 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis.

Several brokerages have commented on FIS. Robert W. Baird restated a “buy” rating and set a $102.00 price objective on shares of Fidelity National Information Services in a research report on Friday, September 8th. BidaskClub upgraded shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Barclays PLC restated an “overweight” rating and set a $102.00 price objective (up from $94.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. BMO Capital Markets boosted their price objective on shares of Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Finally, KeyCorp restated a “buy” rating on shares of Fidelity National Information Services in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $98.38.

In related news, EVP Gregory G. Montana sold 58,547 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $92.54, for a total value of $5,417,939.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Anthony M. Jabbour sold 100,000 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $92.36, for a total transaction of $9,236,000.00. Following the completion of the sale, the chief operating officer now directly owns 282,689 shares in the company, valued at approximately $26,109,156.04. The disclosure for this sale can be found here. Insiders have sold 167,033 shares of company stock valued at $15,433,548 over the last quarter. Company insiders own 2.66% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Yellowstone Partners LLC bought a new stake in shares of Fidelity National Information Services in the third quarter worth $676,000. Independent Advisor Alliance grew its stake in shares of Fidelity National Information Services by 13.3% in the third quarter. Independent Advisor Alliance now owns 9,976 shares of the information technology services provider’s stock worth $941,000 after purchasing an additional 1,171 shares during the last quarter. Stonebridge Capital Advisors LLC bought a new stake in shares of Fidelity National Information Services in the third quarter worth $210,000. California Public Employees Retirement System grew its stake in shares of Fidelity National Information Services by 5.2% in the third quarter. California Public Employees Retirement System now owns 794,086 shares of the information technology services provider’s stock worth $74,160,000 after purchasing an additional 39,286 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Fidelity National Information Services by 5.4% in the third quarter. Janney Montgomery Scott LLC now owns 24,251 shares of the information technology services provider’s stock worth $2,265,000 after purchasing an additional 1,233 shares during the last quarter. 86.15% of the stock is currently owned by institutional investors.

Fidelity National Information Services (NYSE:FIS) traded up $0.11 during midday trading on Friday, hitting $93.54. 2,414,600 shares of the stock were exchanged, compared to its average volume of 1,525,148. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. Fidelity National Information Services has a 52 week low of $73.97 and a 52 week high of $96.67. The firm has a market capitalization of $30,999.69, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 1.76 and a beta of 0.88.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.24%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 71.60%.

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

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Fidelity National Information Services Company Profile

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 Services (NYSE:FIS)

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