Fidelity National Information Services, Inc. (NYSE:FIS) Expected to Post FY2017 Earnings of $4.28 Per Share

Fidelity National Information Services, Inc. (NYSE:FIS) – Equities research analysts at Cantor Fitzgerald upped their FY2017 earnings per share (EPS) estimates for Fidelity National Information Services in a research report issued to clients and investors on Tuesday. Cantor Fitzgerald analyst J. Foresi now forecasts that the information technology services provider will post earnings per share of $4.28 for the year, up from their previous estimate of $4.26. Cantor Fitzgerald has a “Buy” rating and a $89.00 price objective on the stock. Cantor Fitzgerald also issued estimates for Fidelity National Information Services’ FY2018 earnings at $4.85 EPS.

Several other research analysts have also recently commented on the company. Zacks Investment Research upgraded Fidelity National Information Services from a “sell” rating to a “hold” rating in a research note on Thursday, May 4th. Compass Point cut Fidelity National Information Services from a “buy” rating to a “neutral” rating and cut their price target for the stock from $86.00 to $83.00 in a research note on Wednesday, May 3rd. Barclays PLC reiterated a “buy” rating and issued a $94.00 price target on shares of Fidelity National Information Services in a research note on Monday, May 15th. Credit Suisse Group reiterated a “buy” rating and issued a $88.00 price target on shares of Fidelity National Information Services in a research note on Thursday, April 27th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $94.00 price target (up previously from $92.00) on shares of Fidelity National Information Services in a research note on Friday, June 16th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $92.20.

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Fidelity National Information Services (NYSE FIS) opened at 89.34 on Wednesday. The stock has a 50 day moving average price of $88.40 and a 200-day moving average price of $83.83. Fidelity National Information Services has a 12-month low of $73.25 and a 12-month high of $92.78. The stock has a market cap of $29.70 billion, a P/E ratio of 44.78 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the business posted $0.90 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis.

Fidelity National Information Services declared that its Board of Directors has initiated a share repurchase program on Wednesday, August 2nd that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the information technology services provider to repurchase up to 13.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.

In related news, Director James B. Stallings, Jr. sold 2,181 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $90.32, for a total value of $196,987.92. Following the completion of the transaction, the director now directly owns 12,317 shares of the company’s stock, valued at approximately $1,112,471.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank R. Martire sold 400,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $90.34, for a total value of $36,136,000.00. Following the completion of the transaction, the director now directly owns 202,517 shares of the company’s stock, valued at $18,295,385.78. The disclosure for this sale can be found here. Insiders sold a total of 403,181 shares of company stock valued at $36,418,378 over the last three months. Corporate insiders own 2.66% of the company’s stock.

A number of institutional investors have recently modified their holdings of FIS. National Pension Service raised its position in shares of Fidelity National Information Services by 10.0% in the first quarter. National Pension Service now owns 263,688 shares of the information technology services provider’s stock worth $21,108,000 after buying an additional 23,897 shares during the period. Private Trust Co. NA raised its position in shares of Fidelity National Information Services by 18.6% in the first quarter. Private Trust Co. NA now owns 4,966 shares of the information technology services provider’s stock worth $395,000 after buying an additional 778 shares during the period. Barometer Capital Management Inc. acquired a new position in shares of Fidelity National Information Services during the first quarter worth about $637,000. Shell Asset Management Co. raised its position in shares of Fidelity National Information Services by 110.3% in the second quarter. Shell Asset Management Co. now owns 75,284 shares of the information technology services provider’s stock worth $6,429,000 after buying an additional 39,483 shares during the period. Finally, Achmea Investment Management B.V. acquired a new position in shares of Fidelity National Information Services during the first quarter worth about $225,000. 86.70% of the stock is owned by institutional investors and hedge funds.

About Fidelity National Information Services

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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