$1.35 EPS Expected for Fidelity National Information Servcs Inc (NYSE:FIS) This Quarter

Equities analysts forecast that Fidelity National Information Servcs Inc (NYSE:FIS) will report earnings per share of $1.35 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Fidelity National Information Servcs’ earnings, with the lowest EPS estimate coming in at $1.34 and the highest estimate coming in at $1.36. Fidelity National Information Servcs posted earnings per share of $1.33 during the same quarter last year, which would suggest a positive year over year growth rate of 1.5%. The company is scheduled to report its next quarterly earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that Fidelity National Information Servcs will report full year earnings of $5.83 per share for the current financial year, with EPS estimates ranging from $5.24 to $6.29. For the next fiscal year, analysts expect that the firm will post earnings of $6.38 per share, with EPS estimates ranging from $6.10 to $7.36. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Fidelity National Information Servcs.

Fidelity National Information Servcs (NYSE:FIS) last released its earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.78. Fidelity National Information Servcs had a net margin of 8.97% and a return on equity of 20.66%. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The company’s revenue was up .3% compared to the same quarter last year.

A number of research firms have issued reports on FIS. Citigroup increased their target price on shares of Fidelity National Information Servcs from $142.00 to $152.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Berenberg Bank set a $171.00 target price on shares of Fidelity National Information Servcs and gave the stock a “buy” rating in a research report on Friday, August 9th. ValuEngine downgraded shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Robert W. Baird increased their target price on shares of Fidelity National Information Servcs from $145.00 to $158.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Barclays set a $147.00 target price on shares of Fidelity National Information Servcs and gave the stock a “buy” rating in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Fidelity National Information Servcs presently has a consensus rating of “Buy” and an average price target of $148.53.

FIS stock traded up $1.53 during midday trading on Wednesday, reaching $131.41. The company had a trading volume of 3,872,767 shares, compared to its average volume of 3,604,301. Fidelity National Information Servcs has a 1 year low of $94.53 and a 1 year high of $141.35. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $80.61 billion, a P/E ratio of 25.13, a PEG ratio of 2.52 and a beta of 0.64. The company has a 50 day moving average of $134.33 and a two-hundred day moving average of $124.09.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.07%. Fidelity National Information Servcs’s dividend payout ratio is currently 26.77%.

In related news, insider Mark L. Heimbouch sold 111,586 shares of Fidelity National Information Servcs stock in a transaction on Monday, September 9th. The shares were sold at an average price of $134.28, for a total value of $14,983,768.08. Following the transaction, the insider now owns 199,168 shares in the company, valued at approximately $26,744,279.04. The sale was disclosed in a legal 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 stock was 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 owns 533,516 shares in the company, valued at approximately $71,608,517.52. The disclosure for this sale can be found here. Insiders have sold a total of 331,737 shares of company stock worth $44,517,690 in the last 90 days. 1.43% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Redhawk Wealth Advisors Inc. bought a new position in Fidelity National Information Servcs in the 2nd quarter worth $29,000. O Shaughnessy Asset Management LLC bought a new position in Fidelity National Information Servcs in the 1st quarter worth $29,000. Doyle Wealth Management bought a new position in Fidelity National Information Servcs in the 2nd quarter worth $32,000. San Francisco Sentry Investment Group CA raised its holdings in Fidelity National Information Servcs by 503.6% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 332 shares of the information technology services provider’s stock worth $41,000 after acquiring an additional 277 shares during the period. Finally, Pathstone Family Office LLC raised its holdings in Fidelity National Information Servcs by 1,042.9% in the 2nd quarter. Pathstone Family Office LLC now owns 400 shares of the information technology services provider’s stock worth $49,000 after acquiring an additional 365 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

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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