Fidelity National Information Servcs (FIS) Updates FY18 Earnings Guidance

Fidelity National Information Servcs (NYSE:FIS) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $5.20-5.24 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.23.

Several equities analysts have recently weighed in on the stock. Cantor Fitzgerald lifted their target price on shares of Fidelity National Information Servcs from $117.00 to $122.00 and gave the company an overweight rating in a report on Wednesday. Citigroup cut their target price on shares of Fidelity National Information Servcs from $124.00 to $120.00 and set a buy rating for the company in a report on Wednesday. ValuEngine raised shares of Fidelity National Information Servcs from a hold rating to a buy rating in a report on Wednesday. Wood & Company lifted their target price on shares of Fidelity National Information Servcs to $117.00 and gave the company a hold rating in a report on Thursday, September 27th. They noted that the move was a valuation call. Finally, Wolfe Research assumed coverage on shares of Fidelity National Information Servcs in a report on Tuesday, July 17th. They set an outperform rating for the company. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $116.38.

NYSE FIS traded up $0.77 on Wednesday, hitting $104.39. The company had a trading volume of 1,036,008 shares, compared to its average volume of 1,698,948. The firm has a market cap of $33.33 billion, a PE ratio of 23.62, a PEG ratio of 1.58 and a beta of 0.93. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.38 and a current ratio of 1.38. Fidelity National Information Servcs has a 12-month low of $89.31 and a 12-month high of $110.83.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.30 by $0.03. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.09 billion. Fidelity National Information Servcs had a net margin of 16.59% and a return on equity of 15.42%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.18 EPS. On average, equities analysts predict that Fidelity National Information Servcs will post 5.23 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, December 13th. Fidelity National Information Servcs’s payout ratio is presently 28.96%.

In related news, Director David K. Hunt sold 17,922 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $106.38, for a total value of $1,906,542.36. Following the completion of the sale, the director now owns 24,989 shares of the company’s stock, valued at approximately $2,658,329.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Lenore D. Williams sold 4,285 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $106.00, for a total transaction of $454,210.00. Following the completion of the sale, the executive vice president now directly owns 4,999 shares of the company’s stock, valued at approximately $529,894. The disclosure for this sale can be found here. In the last three months, insiders sold 46,129 shares of company stock valued at $4,967,533. 2.08% of the stock is owned by insiders.

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

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