Cantor Fitzgerald Research Analysts Lift Earnings Estimates for Fidelity National Information Services, Inc. (FIS)

Fidelity National Information Services, Inc. (NYSE:FIS) – Equities research analysts at Cantor Fitzgerald increased their FY2017 earnings per share (EPS) estimates for Fidelity National Information Services in a research report issued to clients and investors on Tuesday. Cantor Fitzgerald analyst J. Foresi now forecasts that the information technology services provider will earn $4.28 per share for the year, up from their prior forecast of $4.26. Cantor Fitzgerald currently has a “Buy” rating and a $89.00 target price on the stock. Cantor Fitzgerald also issued estimates for Fidelity National Information Services’ FY2018 earnings at $4.85 EPS.

Several other equities research analysts have also recently weighed in on FIS. Credit Suisse Group reaffirmed a “buy” rating and issued a $88.00 price target on shares of Fidelity National Information Services in a research note on Thursday, April 27th. Compass Point cut Fidelity National Information Services from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $86.00 to $83.00 in a research note on Wednesday, May 3rd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $89.00 price target (up from $80.00) on shares of Fidelity National Information Services in a research note on Wednesday, May 3rd. Zacks Investment Research raised Fidelity National Information Services from a “sell” rating to a “hold” rating in a research note on Thursday, May 4th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $94.00 price target on shares of Fidelity National Information Services in a research note on Friday, May 5th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $92.20.

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Shares of Fidelity National Information Services (NYSE FIS) traded up 0.12% during trading on Wednesday, hitting $89.37. The company had a trading volume of 244,656 shares. Fidelity National Information Services has a 1-year low of $73.25 and a 1-year high of $92.78. The firm has a market capitalization of $29.71 billion, a P/E ratio of 44.80 and a beta of 0.84. The company’s 50 day moving average is $88.52 and its 200 day moving average is $83.87.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the business earned $0.90 EPS. Fidelity National Information Services’s quarterly revenue was up 1.6% compared to the same quarter last year.

Several large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in Fidelity National Information Services during the first quarter worth approximately $366,000. Huntington National Bank boosted its stake in Fidelity National Information Services by 1.0% in the first quarter. Huntington National Bank now owns 1,950 shares of the information technology services provider’s stock worth $155,000 after buying an additional 20 shares in the last quarter. Sky Investment Group LLC boosted its stake in Fidelity National Information Services by 5.7% in the first quarter. Sky Investment Group LLC now owns 25,771 shares of the information technology services provider’s stock worth $2,052,000 after buying an additional 1,400 shares in the last quarter. Barometer Capital Management Inc. bought a new stake in Fidelity National Information Services during the first quarter worth approximately $637,000. Finally, Bank of The West boosted its stake in Fidelity National Information Services by 4.8% in the first quarter. Bank of The West now owns 20,254 shares of the information technology services provider’s stock worth $1,612,000 after buying an additional 936 shares in the last quarter. 86.70% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director James B. Stallings, Jr. sold 2,181 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $90.32, for a total value of $196,987.92. Following the sale, the director now directly owns 12,317 shares of the company’s stock, valued at $1,112,471.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Frank R. Martire sold 400,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $90.34, for a total value of $36,136,000.00. Following the completion of the sale, the director now directly owns 202,517 shares in the company, valued at $18,295,385.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 403,181 shares of company stock worth $36,418,378. Insiders own 2.66% of the company’s stock.

Fidelity National Information Services announced that its board has approved a share repurchase program on Wednesday, August 2nd that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 13.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.30%. Fidelity National Information Services’s dividend payout ratio is currently 58.00%.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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

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