Fidelity National Information Servcs Inc to Post FY2019 Earnings of $7.51 Per Share, KeyCorp Forecasts (FIS)
Fidelity National Information Servcs Inc (NYSE:FIS) – Stock analysts at KeyCorp raised their FY2019 EPS estimates for shares of Fidelity National Information Servcs in a research report issued to clients and investors on Tuesday, April 30th. KeyCorp analyst A. Ramnani now expects that the information technology services provider will post earnings per share of $7.51 for the year, up from their previous forecast of $7.42. KeyCorp also issued estimates for Fidelity National Information Servcs’ Q1 2020 earnings at $1.82 EPS, Q2 2020 earnings at $1.99 EPS, Q3 2020 earnings at $2.11 EPS and FY2020 earnings at $8.27 EPS.
Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $1.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.07. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.02 billion. Fidelity National Information Servcs had a return on equity of 18.68% and a net margin of 9.66%. The company’s revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share.
Shares of Fidelity National Information Servcs stock opened at $116.42 on Thursday. The firm has a market cap of $37.48 billion, a PE ratio of 22.26, a P/E/G ratio of 1.30 and a beta of 0.74. The company has a current ratio of 1.03, a quick ratio of 1.19 and a debt-to-equity ratio of 0.86. Fidelity National Information Servcs has a 12-month low of $94.53 and a 12-month high of $117.98.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.40 annualized dividend and a dividend yield of 1.20%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 26.77%.
In related news, CEO Gary Norcross sold 88,016 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $108.56, for a total transaction of $9,555,016.96. Following the completion of the sale, the chief executive officer now owns 183,887 shares in the company, valued at approximately $19,962,772.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alexandar Navab, Jr. bought 5,075 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average price of $107.22 per share, with a total value of $544,141.50. Following the purchase, the director now owns 5,075 shares in the company, valued at $544,141.50. The disclosure for this purchase can be found here. Corporate insiders own 1.43% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Aspire Private Capital LLC acquired a new position in Fidelity National Information Servcs in the 4th quarter valued at approximately $145,000. Toth Financial Advisory Corp acquired a new position in shares of Fidelity National Information Servcs in the 1st quarter worth approximately $315,000. BOKF NA raised its holdings in shares of Fidelity National Information Servcs by 1.4% in the 4th quarter. BOKF NA now owns 33,262 shares of the information technology services provider’s stock worth $3,411,000 after buying an additional 466 shares in the last quarter. Braun Stacey Associates Inc. raised its holdings in shares of Fidelity National Information Servcs by 1.4% in the 4th quarter. Braun Stacey Associates Inc. now owns 104,304 shares of the information technology services provider’s stock worth $10,697,000 after buying an additional 1,482 shares in the last quarter. Finally, Bremer Trust National Association acquired a new position in shares of Fidelity National Information Servcs in the 4th quarter worth approximately $110,000. Hedge funds and other institutional investors own 90.27% of the company’s stock.
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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