Wall Street brokerages predict that Fidelity National Information Servcs Inc (NYSE:FIS) will report $2.11 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have made estimates for Fidelity National Information Servcs’ earnings, with the highest sales estimate coming in at $2.14 billion and the lowest estimate coming in at $2.09 billion. Fidelity National Information Servcs also reported sales of $2.11 billion in the same quarter last year. The firm is scheduled to issue its next quarterly earnings report on Tuesday, July 30th.
On average, analysts expect that Fidelity National Information Servcs will report full year sales of $8.46 billion for the current financial year, with estimates ranging from $8.43 billion to $8.51 billion. For the next year, analysts anticipate that the business will post sales of $8.82 billion, with estimates ranging from $8.76 billion to $8.89 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Fidelity National Information Servcs.
Fidelity National Information Servcs (NYSE:FIS) last released its earnings results on Tuesday, April 30th. The information technology services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. Fidelity National Information Servcs had a return on equity of 18.68% and a net margin of 9.66%. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the business earned $1.09 earnings per share. The firm’s revenue for the quarter was down .4% compared to the same quarter last year.
FIS stock traded up $0.52 during trading on Wednesday, reaching $123.14. 130,673 shares of the stock were exchanged, compared to its average volume of 2,670,290. Fidelity National Information Servcs has a twelve month low of $94.53 and a twelve month high of $123.28. The company has a market cap of $39.36 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 1.36 and a beta of 0.66. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.86.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, June 13th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is currently 26.77%.
In related news, Director Alexandar Navab, Jr. acquired 5,075 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was purchased at an average price of $107.22 per share, for a total transaction of $544,141.50. Following the transaction, the director now directly owns 5,075 shares of the company’s stock, valued at approximately $544,141.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James B. Stallings, Jr. sold 1,240 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $122.55, for a total transaction of $151,962.00. Following the completion of the transaction, the director now owns 8,370 shares of the company’s stock, valued at approximately $1,025,743.50. The disclosure for this sale can be found here. Insiders own 1.43% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Aspire Private Capital LLC bought a new stake in shares of Fidelity National Information Servcs during the 4th quarter valued at $145,000. Toth Financial Advisory Corp acquired a new position in Fidelity National Information Servcs in the 1st quarter worth $315,000. Commerce Bank boosted its stake in Fidelity National Information Servcs by 4.6% in the 1st quarter. Commerce Bank now owns 413,950 shares of the information technology services provider’s stock worth $46,818,000 after purchasing an additional 18,151 shares during the period. BOKF NA boosted its stake in Fidelity National Information Servcs by 1.4% in the 4th quarter. BOKF NA now owns 33,262 shares of the information technology services provider’s stock worth $3,411,000 after purchasing an additional 466 shares during the period. Finally, Bremer Trust National Association acquired a new position in Fidelity National Information Servcs in the 4th quarter worth $110,000. Hedge funds and other institutional investors own 92.58% of the company’s stock.
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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