Northcoast Research Weighs in on Fidelity National Information Servcs Inc’s FY2019 Earnings (NYSE:FIS)
Fidelity National Information Servcs Inc (NYSE:FIS) – Northcoast Research issued their FY2019 earnings per share (EPS) estimates for Fidelity National Information Servcs in a research note issued on Wednesday, November 6th. Northcoast Research analyst K. Mehta expects that the information technology services provider will earn $5.50 per share for the year. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Fidelity National Information Servcs’ Q4 2019 earnings at $1.53 EPS and FY2020 earnings at $6.30 EPS.
Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.08. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.84 billion. Fidelity National Information Servcs had a return on equity of 12.07% and a net margin of 8.24%. The company’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 earnings per share.
Shares of Fidelity National Information Servcs stock opened at $130.69 on Friday. The firm has a market cap of $81.09 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 2.68 and a beta of 0.63. The stock’s 50-day moving average is $130.98 and its 200-day moving average is $127.44. Fidelity National Information Servcs has a one year low of $94.53 and a one year high of $141.35. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.86 and a quick ratio of 3.00.
Large investors have recently added to or reduced their stakes in the business. First PREMIER Bank bought a new stake in Fidelity National Information Servcs in the third quarter valued at approximately $25,000. Hall Laurie J Trustee bought a new stake in Fidelity National Information Servcs in the third quarter valued at approximately $25,000. Ironwood Financial llc bought a new stake in Fidelity National Information Servcs in the third quarter valued at approximately $25,000. Lenox Wealth Management Inc. bought a new stake in Fidelity National Information Servcs in the third quarter valued at approximately $25,000. Finally, First Financial Corp IN bought a new stake in Fidelity National Information Servcs in the third quarter valued at approximately $28,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.
In other Fidelity National Information Servcs news, insider Mark L. Heimbouch sold 111,586 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $134.28, for a total value of $14,983,768.08. Following the sale, the insider now owns 199,168 shares in the company, valued at $26,744,279.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lisa Hook sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $136.14, for a total value of $816,840.00. Following the completion of the sale, the director now owns 6,797 shares in the company, valued at approximately $925,343.58. The disclosure for this sale can be found here. Insiders sold 321,756 shares of company stock worth $43,162,570 in the last 90 days. Corporate insiders own 1.43% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.35 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.40 annualized dividend and a yield of 1.07%. Fidelity National Information Servcs’s dividend payout ratio is 26.77%.
About Fidelity National Information Servcs
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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