Fidelity National Information Servcs Inc (FIS) to Post Q1 2018 Earnings of $1.04 Per Share, Oppenheimer Forecasts

Fidelity National Information Servcs Inc (NYSE:FIS) – Stock analysts at Oppenheimer increased their Q1 2018 earnings estimates for shares of Fidelity National Information Servcs in a research note issued on Tuesday. Oppenheimer analyst G. Greene now expects that the information technology services provider will post earnings of $1.04 per share for the quarter, up from their prior forecast of $1.02. Oppenheimer has a “Overweight” rating and a $100.00 price objective on the stock. Oppenheimer also issued estimates for Fidelity National Information Servcs’ Q2 2018 earnings at $1.20 EPS, Q4 2018 earnings at $1.60 EPS, FY2018 earnings at $5.20 EPS, Q1 2019 earnings at $1.17 EPS and Q2 2019 earnings at $1.36 EPS.

A number of other equities research analysts also recently weighed in on the company. Barclays raised their target price on Fidelity National Information Servcs from $102.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $108.00 target price on shares of Fidelity National Information Servcs in a report on Sunday, November 12th. JPMorgan Chase & Co. downgraded Fidelity National Information Servcs from an “overweight” rating to a “neutral” rating in a report on Tuesday, December 12th. KeyCorp reaffirmed a “buy” rating on shares of Fidelity National Information Servcs in a report on Wednesday, November 1st. Finally, Zacks Investment Research downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $102.27.

Shares of Fidelity National Information Servcs (NYSE FIS) opened at $96.77 on Thursday. The firm has a market capitalization of $31,957.89, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 1.53 and a beta of 0.90. Fidelity National Information Servcs has a twelve month low of $77.63 and a twelve month high of $103.65. The company has a quick ratio of 1.25, a current ratio of 0.92 and a debt-to-equity ratio of 0.71.

Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, February 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.02. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.36 billion. Fidelity National Information Servcs had a return on equity of 14.46% and a net margin of 14.46%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a dividend of $0.32 per share. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, March 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.32%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is 29.59%.

In other Fidelity National Information Servcs news, EVP Gregory G. Montana sold 58,547 shares of Fidelity National Information Servcs stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $92.54, for a total transaction of $5,417,939.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Stephan A. James sold 3,600 shares of Fidelity National Information Servcs stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $94.87, for a total value of $341,532.00. Following the transaction, the director now directly owns 29,498 shares in the company, valued at $2,798,475.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,147 shares of company stock worth $7,366,481. 2.66% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in FIS. QS Investors LLC lifted its holdings in Fidelity National Information Servcs by 5.9% during the 2nd quarter. QS Investors LLC now owns 12,140 shares of the information technology services provider’s stock worth $1,037,000 after buying an additional 677 shares during the period. Macquarie Group Ltd. lifted its holdings in Fidelity National Information Servcs by 17.8% during the 2nd quarter. Macquarie Group Ltd. now owns 165,278 shares of the information technology services provider’s stock worth $14,115,000 after buying an additional 24,955 shares during the period. Shelton Capital Management acquired a new position in Fidelity National Information Servcs during the 2nd quarter worth about $215,000. Laurel Wealth Advisors Inc. lifted its holdings in Fidelity National Information Servcs by 11.3% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 3,260 shares of the information technology services provider’s stock worth $278,000 after buying an additional 331 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Fidelity National Information Servcs by 28.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 34,271 shares of the information technology services provider’s stock worth $2,927,000 after buying an additional 7,676 shares during the period. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

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About Fidelity National Information Servcs

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 Servcs (NYSE:FIS)

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