Brokers Issue Forecasts for Fidelity National Information Servcs Inc’s FY2019 Earnings (NYSE:FIS)

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Fidelity National Information Servcs Inc (NYSE:FIS) – Investment analysts at KeyCorp issued their FY2019 EPS estimates for shares of Fidelity National Information Servcs in a research report issued to clients and investors on Tuesday, November 5th. KeyCorp analyst A. Ramnani anticipates that the information technology services provider will post earnings of $5.41 per share for the year. KeyCorp also issued estimates for Fidelity National Information Servcs’ Q4 2019 earnings at $1.52 EPS, Q1 2020 earnings at $1.33 EPS, Q2 2020 earnings at $1.61 EPS, Q3 2020 earnings at $1.55 EPS, Q4 2020 earnings at $1.77 EPS and FY2020 earnings at $6.25 EPS.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.08. Fidelity National Information Servcs had a net margin of 8.24% and a return on equity of 12.07%. The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the firm earned $1.33 EPS. The company’s revenue was up 35.4% on a year-over-year basis.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity started coverage on shares of Fidelity National Information Servcs in a report on Thursday, September 12th. They set a “buy” rating and a $151.00 price objective on the stock. Berenberg Bank set a $171.00 price objective on shares of Fidelity National Information Servcs and gave the stock a “buy” rating in a report on Friday, August 9th. Northcoast Research reissued a “neutral” rating on shares of Fidelity National Information Servcs in a report on Wednesday, August 7th. Royal Bank of Canada raised their price objective on shares of Fidelity National Information Servcs from $146.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Raymond James set a $149.00 price objective on shares of Fidelity National Information Servcs and gave the stock a “buy” rating in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $148.38.

FIS stock traded down $1.14 during midday trading on Friday, reaching $131.21. 59,442 shares of the company were exchanged, compared to its average volume of 2,937,765. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.00 and a current ratio of 0.86. Fidelity National Information Servcs has a 1-year low of $94.53 and a 1-year high of $141.35. The stock’s 50-day simple moving average is $131.05 and its 200 day simple moving average is $127.35. The company has a market cap of $81.09 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 2.68 and a beta of 0.63.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.35 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.07%. Fidelity National Information Servcs’s payout ratio is 26.77%.

In other news, CFO James W. Woodall sold 100,499 shares of Fidelity National Information Servcs stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $133.76, for a total value of $13,442,746.24. Following the transaction, the chief financial officer now directly owns 157,497 shares of the company’s stock, valued at approximately $21,066,798.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles Drucker sold 62,816 shares of Fidelity National Information Servcs stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $134.22, for a total transaction of $8,431,163.52. Following the completion of the transaction, the director now directly owns 533,516 shares in the company, valued at $71,608,517.52. The disclosure for this sale can be found here. Insiders sold a total of 321,756 shares of company stock worth $43,162,570 over the last ninety days. Corporate insiders own 1.43% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Cox Capital Mgt LLC raised its position in Fidelity National Information Servcs by 3.5% during the 2nd quarter. Cox Capital Mgt LLC now owns 6,562 shares of the information technology services provider’s stock worth $805,000 after purchasing an additional 219 shares during the last quarter. Swedbank raised its stake in Fidelity National Information Servcs by 27.6% in the second quarter. Swedbank now owns 1,222,018 shares of the information technology services provider’s stock worth $149,917,000 after buying an additional 264,272 shares in the last quarter. DNB Asset Management AS raised its stake in Fidelity National Information Servcs by 92.6% in the second quarter. DNB Asset Management AS now owns 97,867 shares of the information technology services provider’s stock worth $12,006,000 after buying an additional 47,042 shares in the last quarter. WINTON GROUP Ltd raised its stake in Fidelity National Information Servcs by 25.4% in the second quarter. WINTON GROUP Ltd now owns 8,484 shares of the information technology services provider’s stock worth $1,041,000 after buying an additional 1,720 shares in the last quarter. Finally, Carroll Financial Associates Inc. raised its stake in Fidelity National Information Servcs by 23.8% in the second quarter. Carroll Financial Associates Inc. now owns 755 shares of the information technology services provider’s stock worth $92,000 after buying an additional 145 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Servcs Company Profile

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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