Zacks: Analysts Expect Fidelity National Information Services, Inc. (NYSE:FIS) Will Post Earnings of $1.24 Per Share

Equities research analysts expect Fidelity National Information Services, Inc. (NYSE:FIS) to report earnings per share (EPS) of $1.24 for the current quarter, Zacks Investment Research reports. Twelve analysts have made estimates for Fidelity National Information Services’ earnings. The lowest EPS estimate is $1.23 and the highest is $1.27. Fidelity National Information Services posted earnings of $1.28 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 3.1%. The company is expected to report its next earnings report on Thursday, May 6th.

According to Zacks, analysts expect that Fidelity National Information Services will report full year earnings of $6.36 per share for the current financial year, with EPS estimates ranging from $6.27 to $6.49. For the next financial year, analysts anticipate that the company will report earnings of $7.34 per share, with EPS estimates ranging from $7.06 to $7.63. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Fidelity National Information Services.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, February 8th. The information technology services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.56 by $0.06. The business had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Information Services had a positive return on equity of 6.88% and a negative net margin of 0.83%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 earnings per share.

Several equities analysts have recently issued reports on FIS shares. Jefferies Financial Group started coverage on Fidelity National Information Services in a research report on Monday, December 7th. They issued a “buy” rating and a $175.00 price target for the company. KeyCorp decreased their target price on Fidelity National Information Services from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, January 27th. Raymond James boosted their target price on Fidelity National Information Services from $166.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, February 10th. Cowen boosted their target price on Fidelity National Information Services from $163.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, December 10th. Finally, Mizuho boosted their target price on Fidelity National Information Services from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, October 26th. Six investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $159.27.

Fidelity National Information Services stock traded up $1.18 on Tuesday, hitting $136.71. 192,389 shares of the stock traded hands, compared to its average volume of 4,810,111. The business’s fifty day simple moving average is $131.97 and its 200 day simple moving average is $141.14. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31. The firm has a market cap of $84.83 billion, a P/E ratio of -752.94, a price-to-earnings-growth ratio of 1.32 and a beta of 0.81. Fidelity National Information Services has a 1 year low of $91.68 and a 1 year high of $156.73.

Fidelity National Information Services announced that its Board of Directors has initiated a stock buyback program on Monday, February 1st that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the information technology services provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Friday, March 12th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.14%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, March 11th. Fidelity National Information Services’s dividend payout ratio is 24.96%.

In related news, CAO Christopher A. Thompson sold 1,591 shares of the stock in a transaction on Tuesday, January 5th. The stock was sold at an average price of $139.70, for a total transaction of $222,262.70. Also, insider Martin Boyd sold 28,715 shares of the stock in a transaction on Wednesday, December 16th. The shares were sold at an average price of $142.69, for a total value of $4,097,343.35. Following the sale, the insider now owns 23,605 shares in the company, valued at approximately $3,368,197.45. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in FIS. Caisse DE Depot ET Placement DU Quebec raised its holdings in Fidelity National Information Services by 3,291.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,916,383 shares of the information technology services provider’s stock valued at $576,531,000 after buying an additional 3,800,900 shares during the period. Viking Global Investors LP raised its holdings in Fidelity National Information Services by 33.2% during the 4th quarter. Viking Global Investors LP now owns 11,835,412 shares of the information technology services provider’s stock valued at $1,674,237,000 after buying an additional 2,948,891 shares during the period. Lone Pine Capital LLC purchased a new stake in Fidelity National Information Services during the 4th quarter valued at $396,075,000. Alps Advisors Inc. grew its position in Fidelity National Information Services by 39,935.4% in the 3rd quarter. Alps Advisors Inc. now owns 2,529,437 shares of the information technology services provider’s stock valued at $4,018,000 after acquiring an additional 2,523,119 shares during the last quarter. Finally, Morgan Stanley grew its position in Fidelity National Information Services by 12.6% in the 4th quarter. Morgan Stanley now owns 8,962,168 shares of the information technology services provider’s stock valued at $1,267,789,000 after acquiring an additional 1,004,921 shares during the last quarter. Institutional investors own 90.53% of the company’s stock.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through three segments: Merchant Solutions, Banking Solutions, and Capital Market Solutions. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

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

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