Fidelity National Information Servcs Inc (NYSE:FIS) – Analysts at SunTrust Banks reduced their Q1 2018 earnings per share estimates for shares of Fidelity National Information Servcs in a report released on Tuesday. SunTrust Banks analyst A. Jeffrey now anticipates that the information technology services provider will earn $0.95 per share for the quarter, down from their previous estimate of $0.99. SunTrust Banks also issued estimates for Fidelity National Information Servcs’ Q2 2018 earnings at $1.11 EPS, Q3 2018 earnings at $1.38 EPS, Q4 2018 earnings at $1.70 EPS and FY2019 earnings at $5.66 EPS.
Several other brokerages have also recently commented on FIS. JPMorgan Chase & Co. reduced their price target on Fidelity National Information Servcs from $106.00 to $103.00 and set an “overweight” rating for the company in a research report on Wednesday, November 1st. Zacks Investment Research cut Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Cantor Fitzgerald reissued a “buy” rating and set a $108.00 price target on shares of Fidelity National Information Servcs in a research report on Sunday, November 12th. Royal Bank of Canada restated a “buy” rating and issued a $116.00 price objective on shares of Fidelity National Information Servcs in a research note on Wednesday. Finally, KeyCorp restated a “buy” rating on shares of Fidelity National Information Servcs in a research note on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $102.27.
Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.34 by $0.02. Fidelity National Information Servcs had a return on equity of 14.46% and a net margin of 14.46%. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the firm posted $1.14 earnings per share. The business’s quarterly revenue was down 4.7% compared to the same quarter last year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. WFG Advisors LP increased its stake in shares of Fidelity National Information Servcs by 99.8% during the second quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock worth $101,000 after purchasing an additional 593 shares during the period. BB&T Investment Services Inc. bought a new position in shares of Fidelity National Information Servcs during the second quarter worth approximately $103,000. Calton & Associates Inc. bought a new position in shares of Fidelity National Information Servcs during the fourth quarter worth approximately $123,000. Cerebellum GP LLC bought a new position in shares of Fidelity National Information Servcs during the fourth quarter worth approximately $126,000. Finally, Rockefeller Financial Services Inc. bought a new position in shares of Fidelity National Information Servcs during the third quarter worth approximately $128,000. Institutional investors own 87.62% of the company’s stock.
In other news, Director David K. Hunt sold 17,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $94.53, for a total transaction of $1,607,010.00. Following the transaction, the director now owns 19,154 shares in the company, valued at $1,810,627.62. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Gregory G. Montana sold 58,547 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $92.54, for a total value of $5,417,939.38. The disclosure for this sale can be found here. Insiders sold 79,147 shares of company stock worth $7,366,481 in the last 90 days. Corporate insiders own 2.66% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a $0.32 dividend. This is a positive change from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.28 annualized dividend and a yield of 1.32%. Fidelity National Information Servcs’s dividend payout ratio is currently 29.59%.
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Fidelity National Information Servcs 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.
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