Analysts expect Fidelity National Information Services, Inc. (NYSE:FIS) to announce sales of $2.26 billion for the current fiscal quarter, according to Zacks. Eleven analysts have made estimates for Fidelity National Information Services’ earnings. The lowest sales estimate is $2.11 billion and the highest is $2.38 billion. Fidelity National Information Services reported sales of $2.31 billion during the same quarter last year, which indicates a negative year over year growth rate of 2.2%. The company is scheduled to report its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Fidelity National Information Services will report full-year sales of $2.26 billion for the current fiscal year, with estimates ranging from $8.92 billion to $9.23 billion. For the next fiscal year, analysts anticipate that the business will post sales of $9.34 billion per share, with estimates ranging from $9.13 billion to $9.84 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Fidelity National Information Services.

Fidelity National Information Services (NYSE:FIS) last announced 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. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share.

A number of analysts recently commented on FIS shares. BidaskClub downgraded Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Deutsche Bank AG reissued a “hold” rating and set a $89.00 price objective (up from $80.00) on shares of Fidelity National Information Services in a report on Wednesday, May 3rd. Zacks Investment Research raised Fidelity National Information Services from a “sell” rating to a “hold” rating in a report on Thursday, May 4th. Barclays PLC reissued a “buy” rating and set a $94.00 price objective on shares of Fidelity National Information Services in a report on Monday, May 15th. Finally, Cowen and Company reissued an “outperform” rating and set a $92.00 price objective (up from $90.00) on shares of Fidelity National Information Services in a report on Monday, July 10th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $92.20.

Shares of Fidelity National Information Services (FIS) traded down 0.08% during midday trading on Tuesday, reaching $91.72. The company’s stock had a trading volume of 352,570 shares. The firm has a market cap of $30.49 billion, a price-to-earnings ratio of 45.97 and a beta of 0.84. Fidelity National Information Services has a 12 month low of $73.25 and a 12 month high of $92.78. The company has a 50-day moving average price of $90.08 and a 200-day moving average price of $84.74.

Fidelity National Information Services declared that its board has approved a share buyback program on Wednesday, August 2nd that authorizes the company to repurchase $4.00 billion in 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 a sign that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Information Services’s payout ratio is currently 58.00%.

In other news, Director Frank R. Martire sold 400,000 shares of the firm’s 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 transaction, the director now directly owns 202,517 shares of the company’s stock, valued at $18,295,385.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephan A. James sold 18,368 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $90.14, for a total value of $1,655,691.52. Following the completion of the transaction, the director now directly owns 43,231 shares of the company’s stock, valued at $3,896,842.34. The disclosure for this sale can be found here. Insiders sold 420,549 shares of company stock valued at $37,988,679 over the last ninety days. Corporate insiders own 2.66% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Achmea Investment Management B.V. raised its position in Fidelity National Information Services by 503.9% in the second quarter. Achmea Investment Management B.V. now owns 17,091 shares of the information technology services provider’s stock worth $1,458,000 after buying an additional 14,261 shares during the last quarter. WFG Advisors LP raised its position in Fidelity National Information Services by 99.8% in the second quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock worth $101,000 after buying an additional 593 shares during the last quarter. Toronto Dominion Bank raised its position in Fidelity National Information Services by 25.7% in the second quarter. Toronto Dominion Bank now owns 114,596 shares of the information technology services provider’s stock worth $9,786,000 after buying an additional 23,428 shares during the last quarter. WINTON GROUP Ltd bought a new position in Fidelity National Information Services during the second quarter worth approximately $311,000. Finally, BB&T Investment Services Inc. bought a new position in Fidelity National Information Services during the second quarter worth approximately $103,000. 86.96% of the stock is owned by hedge funds and other institutional investors.

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

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