$2.13 Billion in Sales Expected for Fidelity National Information Servcs Inc (FIS) This Quarter
Equities analysts predict that Fidelity National Information Servcs Inc (NYSE:FIS) will announce sales of $2.13 billion for the current fiscal quarter, according to Zacks. Ten analysts have made estimates for Fidelity National Information Servcs’ earnings, with estimates ranging from $2.10 billion to $2.14 billion. Fidelity National Information Servcs reported sales of $2.34 billion in the same quarter last year, which indicates a negative year over year growth rate of 9%. The business is expected to report its next earnings results before the market opens on Tuesday, July 31st.
According to Zacks, analysts expect that Fidelity National Information Servcs will report full year sales of $8.55 billion for the current fiscal year, with estimates ranging from $8.48 billion to $8.59 billion. For the next fiscal year, analysts expect that the firm will report sales of $8.83 billion per share, with estimates ranging from $8.71 billion to $8.89 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Fidelity National Information Servcs.
Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings results on Tuesday, May 1st. The information technology services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.04. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Fidelity National Information Servcs had a net margin of 15.26% and a return on equity of 14.98%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 earnings per share.
In other news, Director James B. Stallings, Jr. sold 1,500 shares of the firm’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $107.23, for a total transaction of $160,845.00. Following the completion of the transaction, the director now owns 10,817 shares of the company’s stock, valued at $1,159,906.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lenore D. Williams sold 7,843 shares of Fidelity National Information Servcs stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $104.56, for a total transaction of $820,064.08. The disclosure for this sale can be found here. Insiders sold a total of 15,178 shares of company stock valued at $1,604,496 in the last 90 days. 2.08% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Cerebellum GP LLC raised its holdings in Fidelity National Information Servcs by 133.6% during the 2nd quarter. Cerebellum GP LLC now owns 1,696 shares of the information technology services provider’s stock valued at $180,000 after buying an additional 970 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Fidelity National Information Servcs during the fourth quarter valued at about $201,000. Thompson Investment Management Inc. purchased a new stake in Fidelity National Information Servcs in the second quarter valued at approximately $202,000. Penbrook Management LLC purchased a new stake in Fidelity National Information Servcs in the 4th quarter worth approximately $212,000. Finally, HBK Sorce Advisory LLC acquired a new position in shares of Fidelity National Information Servcs during the 4th quarter worth approximately $217,000. 86.11% of the stock is currently owned by institutional investors and hedge funds.
Fidelity National Information Servcs traded down $0.42, reaching $108.13, during midday trading on Thursday, Marketbeat Ratings reports. The company had a trading volume of 1,020,706 shares, compared to its average volume of 1,476,551. Fidelity National Information Servcs has a 1 year low of $88.46 and a 1 year high of $109.15. The stock has a market cap of $35.79 billion, a PE ratio of 24.46, a P/E/G ratio of 1.73 and a beta of 0.89. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.98 and a quick ratio of 0.98.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 29th. Shareholders of record on Friday, June 15th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, June 14th. Fidelity National Information Servcs’s payout ratio is 28.96%.
Fidelity National Information Servcs Company Profile
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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