Fidelity National Information Servcs Inc (NYSE:FIS) – Equities research analysts at SunTrust Banks decreased their Q4 2019 earnings per share estimates for Fidelity National Information Servcs in a note issued to investors on Wednesday, June 12th. SunTrust Banks analyst A. Jeffrey now forecasts that the information technology services provider will earn $1.96 per share for the quarter, down from their previous estimate of $2.12. SunTrust Banks has a “Hold” rating and a $125.00 price target on the stock. SunTrust Banks also issued estimates for Fidelity National Information Servcs’ FY2020 earnings at $8.36 EPS and FY2021 earnings at $9.40 EPS.
Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.57 by $0.07. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.02 billion. Fidelity National Information Servcs had a net margin of 9.66% and a return on equity of 18.68%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS.
Shares of NYSE:FIS opened at $120.95 on Thursday. The stock has a market cap of $39.41 billion, a P/E ratio of 23.13, a PEG ratio of 1.36 and a beta of 0.66. Fidelity National Information Servcs has a 12 month low of $94.53 and a 12 month high of $123.28. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.03 and a current ratio of 1.03.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.35 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.40 dividend on an annualized basis and a yield of 1.16%. Fidelity National Information Servcs’s dividend payout ratio is currently 26.77%.
In related news, Director Alexandar Navab, Jr. bought 5,075 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were acquired at an average cost of $107.22 per share, for a total transaction of $544,141.50. Following the purchase, the director now directly owns 5,075 shares of the company’s stock, valued at $544,141.50. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James B. Stallings, Jr. sold 1,240 shares of the company’s stock in a transaction dated 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 in the company, valued at $1,025,743.50. The disclosure for this sale can be found here. 1.43% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Fidelity National Information Servcs by 376.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 248 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 196 shares during the period. Doyle Wealth Management purchased a new stake in Fidelity National Information Servcs in the fourth quarter worth about $27,000. Sontag Advisory LLC purchased a new stake in Fidelity National Information Servcs in the fourth quarter worth about $27,000. O Shaughnessy Asset Management LLC purchased a new stake in Fidelity National Information Servcs in the first quarter worth about $29,000. Finally, Global Retirement Partners LLC lifted its holdings in Fidelity National Information Servcs by 46.6% in the first quarter. Global Retirement Partners LLC now owns 283 shares of the information technology services provider’s stock worth $32,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 92.67% 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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