Wall Street brokerages expect Fidelity National Information Servcs Inc (NYSE:FIS) to report $1.30 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Fidelity National Information Servcs’ earnings. The lowest EPS estimate is $1.28 and the highest is $1.33. Fidelity National Information Servcs posted earnings of $1.18 per share in the same quarter last year, which would indicate a positive year over year growth rate of 10.2%. The business is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, October 30th.

According to Zacks, analysts expect that Fidelity National Information Servcs will report full-year earnings of $5.23 per share for the current year, with EPS estimates ranging from $5.19 to $5.29. For the next year, analysts anticipate that the business will report earnings of $5.81 per share, with EPS estimates ranging from $5.68 to $5.90. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Fidelity National Information Servcs.

Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, July 31st. The information technology services provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.02. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.12 billion. Fidelity National Information Servcs had a net margin of 16.59% and a return on equity of 15.42%. The company’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the business posted $1.04 earnings per share.

FIS has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Friday, August 3rd. SunTrust Banks lifted their price target on shares of Fidelity National Information Servcs to $125.00 and gave the company a “buy” rating in a research note on Monday, September 24th. They noted that the move was a valuation call. Wood & Company lifted their price target on shares of Fidelity National Information Servcs to $117.00 and gave the company a “hold” rating in a research note on Thursday, September 27th. They noted that the move was a valuation call. ValuEngine downgraded shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Wolfe Research initiated coverage on shares of Fidelity National Information Servcs in a report on Tuesday, July 17th. They set an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $115.54.

In other news, Director Stephan A. James sold 23,922 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $108.97, for a total value of $2,606,780.34. Following the completion of the sale, the director now directly owns 41,585 shares of the company’s stock, valued at approximately $4,531,517.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David K. Hunt sold 17,922 shares of the stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $106.38, for a total transaction of $1,906,542.36. Following the completion of the transaction, the director now owns 24,989 shares of the company’s stock, valued at $2,658,329.82. The disclosure for this sale can be found here. Insiders have sold a total of 46,129 shares of company stock valued at $4,967,533 in the last three months. 2.08% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in FIS. Legacy Capital Partners Inc. lifted its holdings in Fidelity National Information Servcs by 13.1% during the second quarter. Legacy Capital Partners Inc. now owns 4,061 shares of the information technology services provider’s stock valued at $431,000 after purchasing an additional 470 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in Fidelity National Information Servcs by 13.2% during the second quarter. Eagle Asset Management Inc. now owns 4,140 shares of the information technology services provider’s stock valued at $438,000 after purchasing an additional 482 shares in the last quarter. State Treasurer State of Michigan lifted its holdings in Fidelity National Information Servcs by 0.4% during the second quarter. State Treasurer State of Michigan now owns 112,606 shares of the information technology services provider’s stock valued at $11,940,000 after purchasing an additional 500 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in Fidelity National Information Servcs by 24.7% during the second quarter. Manchester Capital Management LLC now owns 2,523 shares of the information technology services provider’s stock valued at $268,000 after purchasing an additional 500 shares in the last quarter. Finally, First Citizens Bank & Trust Co. lifted its holdings in Fidelity National Information Servcs by 2.3% during the second quarter. First Citizens Bank & Trust Co. now owns 22,137 shares of the information technology services provider’s stock valued at $2,347,000 after purchasing an additional 502 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

Shares of NYSE:FIS traded down $1.55 during mid-day trading on Friday, reaching $101.37. 1,244,448 shares of the company’s stock were exchanged, compared to its average volume of 1,712,105. The firm has a market cap of $33.33 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.62 and a beta of 0.93. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.38 and a current ratio of 1.38. Fidelity National Information Servcs has a twelve month low of $89.31 and a twelve month high of $110.83.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be paid a $0.32 dividend. The ex-dividend date is Thursday, December 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.26%. Fidelity National Information Servcs’s dividend payout ratio (DPR) 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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Earnings History and Estimates for Fidelity National Information Servcs (NYSE:FIS)

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