FY2020 EPS Estimates for Fidelity National Information Servcs Inc (NYSE:FIS) Lifted by Cantor Fitzgerald

Fidelity National Information Servcs Inc (NYSE:FIS) – Cantor Fitzgerald boosted their FY2020 earnings per share estimates for Fidelity National Information Servcs in a report issued on Wednesday, November 6th. Cantor Fitzgerald analyst J. Foresi now expects that the information technology services provider will post earnings of $6.28 per share for the year, up from their prior forecast of $6.23. Cantor Fitzgerald currently has a “Overweight” rating and a $150.00 target price on the stock.

Other research analysts have also issued reports about the stock. Robert W. Baird boosted their price target on shares of Fidelity National Information Servcs from $158.00 to $162.00 and gave the company an “outperform” rating in a research report on Wednesday. Goldman Sachs Group started coverage on shares of Fidelity National Information Servcs in a research report on Thursday, July 25th. They set a “buy” rating and a $154.00 price target for the company. Berenberg Bank set a $171.00 price target on shares of Fidelity National Information Servcs and gave the company a “buy” rating in a research report on Friday, August 9th. SunTrust Banks set a $135.00 price target on shares of Fidelity National Information Servcs and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, Oppenheimer set a $148.00 price target on shares of Fidelity National Information Servcs and gave the company a “buy” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $148.38.

FIS stock traded down $1.66 during midday trading on Friday, reaching $130.69. 2,854,975 shares of the company’s stock traded hands, compared to its average volume of 3,529,609. The company has a 50-day moving average price of $130.98 and a two-hundred day moving average price of $127.44. 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 52 week low of $94.53 and a 52 week high of $141.35. The firm has a market capitalization of $81.09 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.68 and a beta of 0.63.

Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, November 5th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the previous year, the firm posted $1.33 EPS. The business’s revenue for the quarter was up 35.4% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.40 annualized dividend and a yield of 1.07%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 26.77%.

In related news, Director Lisa Hook sold 6,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $136.14, for a total value of $816,840.00. Following the completion of the transaction, the director now directly owns 6,797 shares in the company, valued at $925,343.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James W. Woodall sold 100,499 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $133.76, for a total transaction of $13,442,746.24. Following the completion of the transaction, the chief financial officer now owns 157,497 shares of the company’s stock, valued at $21,066,798.72. The disclosure for this sale can be found here. Insiders sold 321,756 shares of company stock valued at $43,162,570 over the last quarter. 1.43% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. Rehmann Capital Advisory Group raised its stake in shares of Fidelity National Information Servcs by 10.1% during the second quarter. Rehmann Capital Advisory Group now owns 884 shares of the information technology services provider’s stock valued at $109,000 after acquiring an additional 81 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Fidelity National Information Servcs by 3.5% during the third quarter. Parkside Financial Bank & Trust now owns 2,395 shares of the information technology services provider’s stock valued at $318,000 after acquiring an additional 82 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Fidelity National Information Servcs by 2.1% during the second quarter. Chicago Partners Investment Group LLC now owns 4,125 shares of the information technology services provider’s stock valued at $541,000 after acquiring an additional 83 shares during the last quarter. Moody Lynn & Lieberson LLC raised its stake in shares of Fidelity National Information Servcs by 0.3% during the third quarter. Moody Lynn & Lieberson LLC now owns 32,924 shares of the information technology services provider’s stock valued at $4,371,000 after acquiring an additional 84 shares during the last quarter. Finally, Townsquare Capital LLC raised its stake in shares of Fidelity National Information Servcs by 3.3% during the second quarter. Townsquare Capital LLC now owns 2,689 shares of the information technology services provider’s stock valued at $350,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 92.69% 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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Earnings History and Estimates for Fidelity National Information Servcs (NYSE:FIS)

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