Fidelity National Information Services, Inc. (NYSE:FIS) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.38-4.43 for the period, compared to the Thomson Reuters consensus estimate of $4.28.
Fidelity National Information Services, Inc. (FIS) traded down 3.14% on Tuesday, reaching $93.05. 1,976,633 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $94.02 and its 200 day moving average price is $88.88. The firm has a market capitalization of $30.93 billion, a price-to-earnings ratio of 46.64 and a beta of 0.85. Fidelity National Information Services, Inc. has a 1-year low of $73.89 and a 1-year high of $96.67.
Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, October 30th. The information technology services provider reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.08. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the firm posted $1.00 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, analysts expect that Fidelity National Information Services, Inc. will post $4.29 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.21%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.
Fidelity National Information Services announced that its board has authorized a share buyback program on Wednesday, August 2nd that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to buy up to 13.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Fidelity National Information Services from a hold rating to a sell rating in a report on Wednesday, July 19th. Cowen and Company reaffirmed an outperform rating and issued a $92.00 price objective (up previously from $90.00) on shares of Fidelity National Information Services in a report on Monday, July 10th. Barclays PLC reaffirmed an overweight rating and issued a $102.00 price objective (up previously from $94.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. BidaskClub raised shares of Fidelity National Information Services from a buy rating to a strong-buy rating in a report on Wednesday, July 19th. Finally, Oppenheimer Holdings, Inc. increased their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock an outperform rating in a report on Thursday, July 13th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Fidelity National Information Services currently has an average rating of Buy and an average price target of $95.20.
In other Fidelity National Information Services news, Director Stephan A. James sold 18,368 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $90.14, for a total transaction of $1,655,691.52. Following the transaction, the director now owns 43,231 shares of the company’s stock, valued at approximately $3,896,842.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Anthony M. Jabbour sold 100,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $92.36, for a total transaction of $9,236,000.00. Following the transaction, the chief operating officer now directly owns 282,689 shares in the company, valued at approximately $26,109,156.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 520,549 shares of company stock worth $47,224,679. 2.66% of the stock is owned by corporate insiders.
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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.
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