Fidelity National Information Services, Inc. (NYSE:FIS) Expected to Post Earnings of $1.25 Per Share


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Analysts expect that Fidelity National Information Services, Inc. (NYSE:FIS) will announce $1.25 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have provided estimates for Fidelity National Information Services’ earnings. The lowest EPS estimate is $1.23 and the highest is $1.27. Fidelity National Information Services posted earnings per share of $1.28 in the same quarter last year, which indicates a negative year-over-year growth rate of 2.3%. The company is scheduled to announce its next quarterly earnings report before the market opens on Thursday, May 6th.

According to Zacks, analysts expect that Fidelity National Information Services will report full-year earnings of $6.34 per share for the current financial year, with EPS estimates ranging from $6.22 to $6.47. For the next financial year, analysts expect that the firm will report earnings of $7.35 per share, with EPS estimates ranging from $7.06 to $7.63. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Fidelity National Information Services.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, February 8th. The information technology services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. Fidelity National Information Services had a positive return on equity of 6.88% and a negative net margin of 0.83%. The business had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter last year, the company posted $1.57 earnings per share. Fidelity National Information Services’s quarterly revenue was down .8% on a year-over-year basis.

A number of brokerages have recently issued reports on FIS. Raymond James boosted their price objective on Fidelity National Information Services from $166.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Wednesday, February 10th. TheStreet upgraded Fidelity National Information Services from a “c” rating to a “b-” rating in a report on Friday, March 12th. KeyCorp reduced their price objective on Fidelity National Information Services from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, January 27th. Mizuho boosted their price target on Fidelity National Information Services from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Monday. Finally, Rosenblatt Securities boosted their price target on Fidelity National Information Services from $140.00 to $146.00 and gave the company a “neutral” rating in a research note on Monday, April 26th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $161.04.

Shares of NYSE:FIS traded down $1.43 during trading on Tuesday, reaching $150.46. 3,216,539 shares of the stock were exchanged, compared to its average volume of 3,821,395. Fidelity National Information Services has a 12 month low of $120.17 and a 12 month high of $156.73. The firm has a market cap of $93.60 billion, a PE ratio of -843.83, a PEG ratio of 1.32 and a beta of 0.81. The stock has a 50-day moving average price of $148.10 and a 200-day moving average price of $140.95. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 25th. Stockholders of record on Friday, June 11th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, June 10th. This represents a $1.56 annualized dividend and a dividend yield of 1.04%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 27.81%.

Fidelity National Information Services declared that its Board of Directors has initiated a stock repurchase program on Monday, February 1st that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the information technology services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

In related news, insider Asif Ramji sold 29,992 shares of the stock in a transaction on Tuesday, March 2nd. The stock was sold at an average price of $138.32, for a total value of $4,148,493.44. Also, CEO Gary Norcross sold 130,360 shares of the stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $144.70, for a total value of $18,863,092.00. Insiders have sold 266,892 shares of company stock valued at $38,224,223 over the last quarter. Company insiders own 0.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Semmax Financial Advisors Inc. increased its holdings in Fidelity National Information Services by 17.8% in the first quarter. Semmax Financial Advisors Inc. now owns 4,951 shares of the information technology services provider’s stock valued at $696,000 after purchasing an additional 747 shares during the period. Envestnet Asset Management Inc. increased its holdings in Fidelity National Information Services by 29.7% in the first quarter. Envestnet Asset Management Inc. now owns 693,293 shares of the information technology services provider’s stock valued at $97,484,000 after purchasing an additional 158,780 shares during the period. Oak Ridge Investments LLC increased its holdings in Fidelity National Information Services by 970.9% in the first quarter. Oak Ridge Investments LLC now owns 362,631 shares of the information technology services provider’s stock valued at $50,990,000 after purchasing an additional 328,770 shares during the period. Mount Yale Investment Advisors LLC bought a new stake in Fidelity National Information Services during the first quarter valued at $296,000. Finally, Diamond Hill Capital Management Inc. boosted its position in Fidelity National Information Services by 33.1% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,975,093 shares of the information technology services provider’s stock valued at $418,328,000 after acquiring an additional 740,029 shares during the last quarter. Institutional investors and hedge funds own 90.53% of the company’s stock.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

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

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