Analysts expect that Fidelity National Information Servcs Inc (NYSE:FIS) will post $2.21 billion in sales for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Fidelity National Information Servcs’ earnings, with the highest sales estimate coming in at $2.26 billion and the lowest estimate coming in at $2.19 billion. Fidelity National Information Servcs reported sales of $2.33 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.2%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 5th.

On average, analysts expect that Fidelity National Information Servcs will report full-year sales of $8.47 billion for the current financial year, with estimates ranging from $8.44 billion to $8.51 billion. For the next fiscal year, analysts expect that the company will post sales of $8.64 billion, with estimates ranging from $8.55 billion to $8.81 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Fidelity National Information Servcs.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings data on Tuesday, October 30th. The information technology services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.03. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Fidelity National Information Servcs had a net margin of 17.89% and a return on equity of 15.78%. The business’s revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $1.18 earnings per share.

Several research analysts recently weighed in on the stock. Citigroup cut their price target on shares of Fidelity National Information Servcs from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. SunTrust Banks boosted their price target on shares of Fidelity National Information Servcs to $125.00 and gave the stock a “buy” rating in a report on Monday, September 24th. They noted that the move was a valuation call. ValuEngine upgraded shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Cantor Fitzgerald boosted their price target on shares of Fidelity National Information Servcs from $117.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, October 31st. Finally, Wood & Company boosted their price target on shares of Fidelity National Information Servcs to $117.00 and gave the stock a “hold” rating in a report on Thursday, September 27th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $118.67.

In other news, EVP Gregory G. Montana sold 50,354 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $105.46, for a total value of $5,310,332.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephan A. James sold 23,922 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $108.97, for a total transaction of $2,606,780.34. Following the completion of the sale, the director now directly owns 41,585 shares in the company, valued at approximately $4,531,517.45. The disclosure for this sale can be found here. 2.08% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Unigestion Holding SA bought a new stake in shares of Fidelity National Information Servcs in the second quarter valued at approximately $10,740,000. Andra AP fonden raised its position in shares of Fidelity National Information Servcs by 10.7% in the third quarter. Andra AP fonden now owns 83,600 shares of the information technology services provider’s stock valued at $9,118,000 after purchasing an additional 8,100 shares during the period. EdgePoint Investment Group Inc. bought a new stake in shares of Fidelity National Information Servcs in the second quarter valued at approximately $256,346,000. Natixis raised its position in shares of Fidelity National Information Servcs by 1,257.7% in the second quarter. Natixis now owns 577,810 shares of the information technology services provider’s stock valued at $61,265,000 after purchasing an additional 535,253 shares during the period. Finally, Capital Fund Management S.A. raised its position in shares of Fidelity National Information Servcs by 32.6% in the second quarter. Capital Fund Management S.A. now owns 79,757 shares of the information technology services provider’s stock valued at $8,457,000 after purchasing an additional 19,600 shares during the period. 88.92% of the stock is currently owned by institutional investors.

Shares of NYSE FIS traded down $1.33 during mid-day trading on Friday, reaching $103.01. 260,242 shares of the company’s stock traded hands, compared to its average volume of 1,530,370. The stock has a market capitalization of $35.32 billion, a P/E ratio of 23.31, a P/E/G ratio of 1.72 and a beta of 0.91. Fidelity National Information Servcs has a 1-year low of $91.33 and a 1-year high of $110.83. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.34 and a quick ratio of 1.34.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, December 13th. 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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Earnings History and Estimates for Fidelity National Information Servcs (NYSE:FIS)

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