Equities analysts expect Fidelity National Information Servcs Inc (NYSE:FIS) to post $1.57 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Fidelity National Information Servcs’ earnings, with the lowest EPS estimate coming in at $1.55 and the highest estimate coming in at $1.60. Fidelity National Information Servcs posted earnings of $1.09 per share during the same quarter last year, which would suggest a positive year over year growth rate of 44%. The company is scheduled to report its next earnings report on Tuesday, May 7th.
According to Zacks, analysts expect that Fidelity National Information Servcs will report full-year earnings of $7.44 per share for the current financial year, with EPS estimates ranging from $7.40 to $7.55. For the next financial year, analysts anticipate that the business will post earnings of $8.35 per share, with EPS estimates ranging from $8.06 to $9.21. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Fidelity National Information Servcs.
Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 12th. The information technology services provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.02. Fidelity National Information Servcs had a net margin of 10.06% and a return on equity of 16.71%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The company’s revenue for the quarter was down 7.0% on a year-over-year basis.
Shares of NYSE:FIS opened at $107.78 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. Fidelity National Information Servcs has a 1-year low of $93.71 and a 1-year high of $110.83. The company has a market cap of $34.67 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.20 and a beta of 0.74.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. Fidelity National Information Servcs’s payout ratio is 24.47%.
In other news, EVP Marc M. Mayo sold 34,826 shares of the business’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $105.00, for a total value of $3,656,730.00. Following the transaction, the executive vice president now owns 24,594 shares of the company’s stock, valued at $2,582,370. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary Norcross sold 160,000 shares of the business’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $108.81, for a total transaction of $17,409,600.00. Following the completion of the transaction, the chief executive officer now directly owns 249,434 shares in the company, valued at approximately $27,140,913.54. The disclosure for this sale can be found here. Insiders sold 282,842 shares of company stock worth $30,621,347 in the last three months. Insiders own 2.08% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in FIS. IFP Advisors Inc raised its stake in Fidelity National Information Servcs by 126.5% during the third quarter. IFP Advisors Inc now owns 1,733 shares of the information technology services provider’s stock valued at $189,000 after purchasing an additional 968 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Fidelity National Information Servcs by 48.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 267,406 shares of the information technology services provider’s stock valued at $29,163,000 after purchasing an additional 87,409 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Fidelity National Information Servcs by 10.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 7,539 shares of the information technology services provider’s stock valued at $822,000 after purchasing an additional 732 shares in the last quarter. Chicago Equity Partners LLC purchased a new stake in Fidelity National Information Servcs during the third quarter valued at $205,000. Finally, Private Advisor Group LLC raised its stake in Fidelity National Information Servcs by 17.5% during the third quarter. Private Advisor Group LLC now owns 5,645 shares of the information technology services provider’s stock valued at $616,000 after purchasing an additional 839 shares in the last quarter. 88.11% of the stock is currently owned by hedge funds and other institutional investors.
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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