$2.85 Billion in Sales Expected for Fidelity National Information Servcs Inc (NYSE:FIS) This Quarter

Analysts expect Fidelity National Information Servcs Inc (NYSE:FIS) to announce $2.85 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Fidelity National Information Servcs’ earnings. The lowest sales estimate is $2.78 billion and the highest is $3.17 billion. Fidelity National Information Servcs posted sales of $2.08 billion in the same quarter last year, which would indicate a positive year over year growth rate of 37%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, October 29th.

On average, analysts expect that Fidelity National Information Servcs will report full-year sales of $10.92 billion for the current financial year, with estimates ranging from $10.26 billion to $12.65 billion. For the next fiscal year, analysts anticipate that the business will report sales of $13.50 billion, with estimates ranging from $13.24 billion to $13.65 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Fidelity National Information Servcs.

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



Several research firms have recently issued reports on FIS. Zacks Investment Research upgraded Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a report on Wednesday, July 3rd. Northcoast Research reaffirmed a “neutral” rating on shares of Fidelity National Information Servcs in a research report on Wednesday, August 7th. Wedbush set a $150.00 target price on Fidelity National Information Servcs and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Robert W. Baird increased their target price on 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, Goldman Sachs Group began coverage on Fidelity National Information Servcs in a research report on Thursday, July 25th. They issued a “buy” rating and a $154.00 target price on the stock. Three analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $148.53.

Shares of FIS stock traded up $0.33 during mid-day trading on Friday, hitting $131.87. 168,484 shares of the company’s stock were exchanged, compared to its average volume of 3,425,832. Fidelity National Information Servcs has a fifty-two week low of $94.53 and a fifty-two week high of $141.35. The stock has a 50-day simple moving average of $133.53 and a two-hundred day simple moving average of $124.78. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 1.67. The stock has a market cap of $79.46 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 2.48 and a beta of 0.64.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.06%. The ex-dividend date was Thursday, September 12th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 26.77%.

In related news, CFO James W. Woodall sold 100,499 shares of Fidelity National Information Servcs stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $133.76, for a total value of $13,442,746.24. Following the completion of the transaction, the chief financial officer now directly owns 157,497 shares in the company, valued at $21,066,798.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark L. Heimbouch sold 111,586 shares of Fidelity National Information Servcs stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $134.28, for a total value of $14,983,768.08. Following the completion of the transaction, the insider now owns 199,168 shares of the company’s stock, valued at $26,744,279.04. The disclosure for this sale can be found here. Insiders sold 331,737 shares of company stock worth $44,517,690 over the last three months. 1.43% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of FIS. First Trust Advisors LP grew its stake in Fidelity National Information Servcs by 56.1% in the first quarter. First Trust Advisors LP now owns 150,306 shares of the information technology services provider’s stock worth $17,000,000 after purchasing an additional 54,036 shares in the last quarter. CIBC World Markets Inc. grew its stake in Fidelity National Information Servcs by 49.3% in the first quarter. CIBC World Markets Inc. now owns 5,997 shares of the information technology services provider’s stock worth $678,000 after purchasing an additional 1,979 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in Fidelity National Information Servcs in the first quarter worth about $29,000. Federated Investors Inc. PA grew its stake in Fidelity National Information Servcs by 116.1% in the first quarter. Federated Investors Inc. PA now owns 171,870 shares of the information technology services provider’s stock worth $19,438,000 after purchasing an additional 92,341 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in Fidelity National Information Servcs by 286.3% in the first quarter. MML Investors Services LLC now owns 13,983 shares of the information technology services provider’s stock worth $1,581,000 after purchasing an additional 10,363 shares in the last quarter. Institutional investors and hedge funds 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.

See Also: Net Asset Value

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Earnings History and Estimates for Fidelity National Information Servcs (NYSE:FIS)

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