Brokers Set Expectations for Fidelity National Information Services, Inc.’s Q1 2017 Earnings (FIS)

Fidelity National Information Services, Inc. (NYSE:FIS) – Stock analysts at SunTrust Banks issued their Q1 2017 earnings per share estimates for shares of Fidelity National Information Services in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst A. Jeffrey forecasts that the firm will post earnings of $0.81 per share for the quarter. SunTrust Banks also issued estimates for Fidelity National Information Services’ Q2 2017 earnings at $0.95 EPS, Q3 2017 earnings at $1.13 EPS, Q4 2017 earnings at $1.34 EPS, FY2017 earnings at $4.23 EPS and FY2018 earnings at $4.86 EPS.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets assumed coverage on shares of Fidelity National Information Services in a research note on Thursday, January 5th. They issued an “outperform” rating and a $92.00 target price for the company. Zacks Investment Research raised shares of Fidelity National Information Services from a “sell” rating to a “hold” rating and set a $84.00 price target for the company in a report on Wednesday, November 2nd. Cantor Fitzgerald set a $89.00 price target on shares of Fidelity National Information Services and gave the stock a “buy” rating in a report on Tuesday. Credit Suisse Group raised shares of Fidelity National Information Services from a “neutral” rating to an “outperform” rating and set a $88.00 price target for the company in a report on Wednesday. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $85.00 price target on shares of Fidelity National Information Services in a report on Sunday, January 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Fidelity National Information Services currently has an average rating of “Buy” and an average price target of $86.95.

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

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Fidelity National Information Services (NYSE:FIS) opened at 80.46 on Thursday. The firm’s 50-day moving average is $78.55 and its 200 day moving average is $77.64. The company has a market cap of $26.31 billion, a price-to-earnings ratio of 46.70 and a beta of 0.84. Fidelity National Information Services has a 52-week low of $57.80 and a 52-week high of $81.67.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, February 7th. The company reported $1.14 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.14. Fidelity National Information Services had a net margin of 6.15% and a return on equity of 13.03%. The business earned $2.40 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same quarter last year, the business earned $0.93 earnings per share. Fidelity National Information Services’s quarterly revenue was up 30.4% compared to the same quarter last year.

Several hedge funds have recently modified their holdings of the company. LMR Partners LLP acquired a new stake in shares of Fidelity National Information Services during the second quarter valued at about $500,000. ClariVest Asset Management LLC acquired a new stake in shares of Fidelity National Information Services during the second quarter valued at about $228,000. Tealwood Asset Management Inc. boosted its stake in shares of Fidelity National Information Services by 0.3% in the second quarter. Tealwood Asset Management Inc. now owns 30,186 shares of the company’s stock valued at $2,224,000 after buying an additional 98 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Fidelity National Information Services by 2.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 63,481 shares of the company’s stock valued at $4,677,000 after buying an additional 1,322 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Fidelity National Information Services by 10.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 23,508 shares of the company’s stock valued at $1,732,000 after buying an additional 2,208 shares in the last quarter. 87.37% of the stock is currently owned by institutional investors and hedge funds.

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In other news, Director Richard N. Massey sold 26,000 shares of the stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $77.21, for a total transaction of $2,007,460.00. Following the sale, the director now owns 94,224 shares of the company’s stock, valued at $7,275,035.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.29% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, March 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.44%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.26. Fidelity National Information Services’s dividend payout ratio is presently 60.12%.

About Fidelity National Information Services

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company offers a range of solutions in retail and enterprise banking, payments, capital markets, asset and wealth management, risk and compliance, treasury and insurance, as well as providing financial consulting and outsourcing services.

5 Day Chart for NYSE:FIS

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