Brokers Issue Forecasts for Fidelity National Information Services, Inc.’s FY2017 Earnings (FIS)

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Fidelity National Information Services, Inc. (NYSE:FIS) – Analysts at Wedbush boosted their FY2017 EPS estimates for Fidelity National Information Services in a research note issued to investors on Tuesday. Wedbush badyst M. Katri now anticipates that the information technology services provider will earn $4.40 per share for the year, up from their previous forecast of $4.28. Wedbush also issued estimates for Fidelity National Information Services’ Q2 2018 earnings at $1.17 EPS, Q4 2018 earnings at $1.44 EPS, Q1 2019 earnings at $1.08 EPS, Q2 2019 earnings at $1.23 EPS, Q3 2019 earnings at $1.36 EPS and FY2019 earnings at $5.21 EPS.

A number of other research badysts have also recently commented on FIS. BidaskClub raised Fidelity National Information Services from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Cowen and Company reaffirmed an “outperform” rating and set a $92.00 target price (up previously from $90.00) on shares of Fidelity National Information Services in a research note on Monday, July 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $96.00 target price on shares of Fidelity National Information Services in a research note on Wednesday, July 12th. Oppenheimer Holdings, Inc. upped their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, July 13th. Finally, Zacks Investment Research cut Fidelity National Information Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Four badysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $96.53.

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Shares of Fidelity National Information Services (NYSE FIS) opened at 93.2025 on Wednesday. The stock has a market cap of $30.98 billion, a PE ratio of 46.7180 and a beta of 0.85. Fidelity National Information Services has a 12-month low of $73.97 and a 12-month high of $96.67. The firm has a 50-day moving average price of $94.00 and a 200 day moving average price of $88.91.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, October 30th. The information technology services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.08. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The business had revenue of $2.20 billion during the quarter, compared to badysts’ expectations of $2.22 billion. During the same quarter last year, the business posted $1.00 EPS. The business’s revenue was down 4.8% on a year-over-year basis.

Several hedge funds and other institutional investors have recently made changes to their positions in FIS. OppenheimerFunds Inc. boosted its holdings in shares of Fidelity National Information Services by 9.3% in the first quarter. OppenheimerFunds Inc. now owns 13,875 shares of the information technology services provider’s stock valued at $1,105,000 after purchasing an additional 1,178 shares during the period. HighTower Advisors LLC lifted its holdings in Fidelity National Information Services by 4.1% during the first quarter. HighTower Advisors LLC now owns 24,862 shares of the information technology services provider’s stock worth $1,979,000 after buying an additional 986 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in Fidelity National Information Services by 23.8% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,706 shares of the information technology services provider’s stock worth $375,000 after buying an additional 906 shares during the period. Lucha Capital Management LP lifted its holdings in Fidelity National Information Services by 24.0% during the first quarter. Lucha Capital Management LP now owns 126,913 shares of the information technology services provider’s stock worth $10,105,000 after buying an additional 24,601 shares during the period. Finally, Janus Capital Management LLC lifted its holdings in Fidelity National Information Services by 23.7% during the first quarter. Janus Capital Management LLC now owns 5,127,324 shares of the information technology services provider’s stock worth $408,238,000 after buying an additional 983,896 shares during the period. Hedge funds and other institutional investors own 86.69% of the company’s stock.

In related news, Director Stephan A. James sold 18,368 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $90.14, for a total value of $1,655,691.52. Following the completion of the sale, the director now owns 43,231 shares in the company, valued at $3,896,842.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Anthony M. Jabbour sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $92.36, for a total value of $9,236,000.00. Following the completion of the sale, the chief operating officer now owns 282,689 shares of the company’s stock, valued at approximately $26,109,156.04. The disclosure for this sale can be found here. Insiders sold 520,549 shares of company stock valued at $47,224,679 in the last quarter. 2.66% of the stock is owned by company insiders.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.25%. Fidelity National Information Services’s payout ratio is 58.00%.

Fidelity National Information Services announced that its board has authorized a share repurchase program on Wednesday, August 2nd that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the information technology services provider to reacquire up to 13.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

Earnings History and Estimates for Fidelity National Information Services (NYSE:FIS)




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