Fidelity National Information Servcs Inc (NYSE:FIS) – Equities researchers at William Blair lifted their FY2018 earnings per share (EPS) estimates for shares of Fidelity National Information Servcs in a research note issued on Tuesday. William Blair analyst C. Shutler now forecasts that the information technology services provider will post earnings per share of $5.18 for the year, up from their previous estimate of $4.84. William Blair also issued estimates for Fidelity National Information Servcs’ Q3 2019 earnings at $1.50 EPS and FY2019 earnings at $5.79 EPS.

FIS has been the subject of several other research reports. JPMorgan Chase & Co. cut their price target on Fidelity National Information Servcs from $106.00 to $103.00 and set an “overweight” rating for the company in a report on Wednesday, November 1st. Credit Suisse Group reiterated an “outperform” rating and set a $108.00 target price (up previously from $100.00) on shares of Fidelity National Information Servcs in a research report on Wednesday, November 1st. They noted that the move was a valuation call. Zacks Investment Research cut Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Cantor Fitzgerald reiterated a “buy” rating and set a $108.00 target price on shares of Fidelity National Information Servcs in a research report on Sunday, November 12th. Finally, Barclays reiterated a “buy” rating and set a $115.00 target price on shares of Fidelity National Information Servcs in a research report on Friday, January 5th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $102.47.

Fidelity National Information Servcs (NYSE:FIS) traded down $0.07 during trading hours on Friday, hitting $92.67. The company had a trading volume of 1,073,407 shares, compared to its average volume of 1,730,562. Fidelity National Information Servcs has a 12-month low of $78.89 and a 12-month high of $103.65. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 0.92. The firm has a market capitalization of $32,308.45, a PE ratio of 23.91, a PEG ratio of 1.56 and a beta of 0.90.

Fidelity National Information Servcs (NYSE:FIS) last announced its earnings results on Tuesday, February 6th. The information technology services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. Fidelity National Information Servcs had a return on equity of 14.46% and a net margin of 14.46%. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, March 15th. This is a boost from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. Fidelity National Information Servcs’s payout ratio is 29.59%.

In other Fidelity National Information Servcs news, EVP Gregory G. Montana sold 58,547 shares of Fidelity National Information Servcs stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $92.54, for a total value of $5,417,939.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David K. Hunt sold 17,000 shares of Fidelity National Information Servcs stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $94.53, for a total value of $1,607,010.00. Following the completion of the sale, the director now directly owns 19,154 shares in the company, valued at approximately $1,810,627.62. The disclosure for this sale can be found here. Insiders sold a total of 79,147 shares of company stock worth $7,366,481 in the last 90 days. 2.66% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Andra AP fonden increased its holdings in shares of Fidelity National Information Servcs by 2.3% during the 3rd quarter. Andra AP fonden now owns 160,000 shares of the information technology services provider’s stock worth $14,942,000 after buying an additional 3,600 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Fidelity National Information Servcs by 10.1% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,034 shares of the information technology services provider’s stock valued at $2,525,000 after acquiring an additional 2,474 shares during the period. Synovus Financial Corp acquired a new position in shares of Fidelity National Information Servcs during the third quarter valued at approximately $279,000. IFM Investors Pty Ltd acquired a new position in shares of Fidelity National Information Servcs during the third quarter valued at approximately $869,000. Finally, Comerica Bank increased its stake in shares of Fidelity National Information Servcs by 23.1% during the third quarter. Comerica Bank now owns 108,519 shares of the information technology services provider’s stock valued at $10,425,000 after acquiring an additional 20,389 shares during the period. 87.62% of the stock is currently owned by institutional investors.

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Fidelity National Information Servcs 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.

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

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