Equities analysts forecast that FIS (NYSE:FIS) will post sales of $2.07 billion for the current quarter, according to Zacks. Ten analysts have provided estimates for FIS’s earnings, with the lowest sales estimate coming in at $2.01 billion and the highest estimate coming in at $2.19 billion. FIS reported sales of $2.26 billion in the same quarter last year, which would suggest a negative year over year growth rate of 8.4%. The company is expected to issue its next quarterly earnings report before the market opens on Tuesday, May 1st.

According to Zacks, analysts expect that FIS will report full year sales of $8.59 billion for the current fiscal year, with estimates ranging from $8.49 billion to $8.99 billion. For the next year, analysts forecast that the firm will report sales of $8.88 billion per share, with estimates ranging from $8.74 billion to $9.40 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow FIS.

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

FIS has been the topic of a number of recent research reports. Zacks Investment Research raised FIS from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a report on Friday, February 9th. Royal Bank of Canada reissued a “buy” rating and issued a $116.00 target price on shares of FIS in a report on Wednesday, February 7th. Stephens reissued a “buy” rating and issued a $114.00 target price on shares of FIS in a report on Thursday, April 5th. BMO Capital Markets raised their price objective on FIS from $104.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. They noted that the move was a valuation call. Finally, Barclays reaffirmed a “buy” rating and issued a $115.00 price objective on shares of FIS in a research note on Friday, January 5th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. FIS presently has an average rating of “Buy” and a consensus price target of $105.69.

In related news, insider Gary Norcross sold 293,333 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $94.30, for a total transaction of $27,661,301.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank R. Martire sold 380,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $99.57, for a total value of $37,836,600.00. Following the sale, the director now owns 192,675 shares of the company’s stock, valued at approximately $19,184,649.75. The disclosure for this sale can be found here. Insiders sold 1,256,602 shares of company stock worth $123,478,574 in the last ninety days. Corporate insiders own 2.66% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Puzo Michael J purchased a new stake in shares of FIS during the fourth quarter worth about $235,000. OppenheimerFunds Inc. grew its position in shares of FIS by 6.5% during the fourth quarter. OppenheimerFunds Inc. now owns 14,766 shares of the information technology services provider’s stock worth $1,389,000 after purchasing an additional 906 shares in the last quarter. Amalgamated Bank grew its position in shares of FIS by 9.7% during the fourth quarter. Amalgamated Bank now owns 42,638 shares of the information technology services provider’s stock worth $4,012,000 after purchasing an additional 3,778 shares in the last quarter. Bank of Montreal Can grew its position in shares of FIS by 13.5% during the fourth quarter. Bank of Montreal Can now owns 371,371 shares of the information technology services provider’s stock worth $34,942,000 after purchasing an additional 44,149 shares in the last quarter. Finally, Martingale Asset Management L P grew its position in shares of FIS by 46.9% during the fourth quarter. Martingale Asset Management L P now owns 122,475 shares of the information technology services provider’s stock worth $11,525,000 after purchasing an additional 39,113 shares in the last quarter. Hedge funds and other institutional investors own 87.88% of the company’s stock.

FIS stock opened at $97.29 on Tuesday. FIS has a fifty-two week low of $80.34 and a fifty-two week high of $103.65. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $31,869.38, a price-to-earnings ratio of 21.77, a PEG ratio of 1.55 and a beta of 0.91.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were paid a $0.32 dividend. The ex-dividend date was Thursday, March 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.32%. This is an increase from FIS’s previous quarterly dividend of $0.29. FIS’s dividend payout ratio (DPR) is 28.96%.

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About FIS

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 FIS (NYSE:FIS)

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