Fidelity National Information Services, Inc. (NYSE:FIS) Expected to Announce Quarterly Sales of $3.67 Billion

Analysts expect Fidelity National Information Services, Inc. (NYSE:FISGet Rating) to announce $3.67 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have made estimates for Fidelity National Information Services’ earnings. The highest sales estimate is $3.69 billion and the lowest is $3.65 billion. Fidelity National Information Services posted sales of $3.48 billion during the same quarter last year, which suggests a positive year over year growth rate of 5.5%. The company is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Fidelity National Information Services will report full-year sales of $14.84 billion for the current year, with estimates ranging from $14.77 billion to $14.90 billion. For the next year, analysts expect that the business will post sales of $15.95 billion, with estimates ranging from $15.81 billion to $16.07 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Fidelity National Information Services.

Fidelity National Information Services (NYSE:FISGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The information technology services provider reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.01. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. Fidelity National Information Services had a net margin of 6.43% and a return on equity of 8.76%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 earnings per share.

A number of analysts have recently issued reports on FIS shares. KeyCorp dropped their price objective on shares of Fidelity National Information Services from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, March 28th. Mizuho dropped their price target on shares of Fidelity National Information Services from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, February 23rd. Jefferies Financial Group dropped their price target on shares of Fidelity National Information Services from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, February 16th. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 15th. Finally, Wells Fargo & Company began coverage on shares of Fidelity National Information Services in a research note on Monday, April 4th. They issued an “overweight” rating and a $132.00 price target for the company. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $137.36.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC lifted its holdings in Fidelity National Information Services by 8.9% in the third quarter. Advisory Services Network LLC now owns 8,169 shares of the information technology services provider’s stock worth $994,000 after purchasing an additional 667 shares during the period. Keybank National Association OH lifted its holdings in Fidelity National Information Services by 62.2% in the third quarter. Keybank National Association OH now owns 6,342 shares of the information technology services provider’s stock worth $772,000 after purchasing an additional 2,431 shares during the period. Summit Global Investments acquired a new stake in Fidelity National Information Services in the third quarter worth about $333,000. Candriam Luxembourg S.C.A. lifted its holdings in Fidelity National Information Services by 0.8% in the third quarter. Candriam Luxembourg S.C.A. now owns 47,377 shares of the information technology services provider’s stock worth $5,765,000 after purchasing an additional 369 shares during the period. Finally, Ieq Capital LLC raised its position in Fidelity National Information Services by 22.1% in the third quarter. Ieq Capital LLC now owns 4,640 shares of the information technology services provider’s stock worth $564,000 after acquiring an additional 840 shares in the last quarter. 89.51% of the stock is owned by institutional investors.

Shares of FIS traded up $2.55 during mid-day trading on Monday, reaching $96.50. 2,371,650 shares of the stock traded hands, compared to its average volume of 3,768,789. The firm has a market cap of $58.94 billion, a price-to-earnings ratio of 65.20, a P/E/G ratio of 0.94 and a beta of 0.70. The stock has a fifty day simple moving average of $98.26 and a 200 day simple moving average of $105.31. Fidelity National Information Services has a 12-month low of $85.00 and a 12-month high of $152.20. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.30.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, June 10th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, June 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is 127.03%.

Fidelity National Information Services Company Profile (Get Rating)

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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