Fidelity National Information Services, Inc. (NYSE:FIS) – Stock analysts at Northcoast Research lifted their FY2017 EPS estimates for shares of Fidelity National Information Services in a report issued on Wednesday. Northcoast Research analyst K. Mehta now expects that the information technology services provider will post earnings of $4.42 per share for the year, up from their prior estimate of $4.27. Northcoast Research also issued estimates for Fidelity National Information Services’ Q4 2017 earnings at $1.36 EPS.

Several other analysts also recently weighed in on the company. Cowen and Company reiterated a “buy” rating and set a $97.00 target price on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Fidelity National Information Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Robert W. Baird reiterated an “outperform” rating and set a $108.00 target price (up from $102.00) on shares of Fidelity National Information Services in a research report on Tuesday, October 10th. BMO Capital Markets lifted their target price on Fidelity National Information Services from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Finally, Barclays PLC reiterated an “overweight” rating and set a $102.00 target price (up from $94.00) on shares of Fidelity National Information Services in a research report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $97.19.

TRADEMARK VIOLATION WARNING: “Northcoast Research Weighs in on Fidelity National Information Services, Inc.’s FY2017 Earnings (FIS)” was posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.watchlistnews.com/northcoast-research-weighs-in-on-fidelity-national-information-services-inc-s-fy2017-earnings-fis/1674738.html. Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.12. Fidelity National Information Services had a net margin of 5.82% and a return on equity of 14.05%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the business earned $1.00 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis.

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 annualized dividend and a dividend yield of 1.24%. Fidelity National Information Services’s payout ratio is currently 71.60%.

Fidelity National Information Services declared that its Board of Directors has approved a share buyback program on Wednesday, August 2nd that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the information technology services provider to purchase up to 13.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

In related news, Director Stephan A. James sold 18,368 shares of Fidelity National Information Services stock in a transaction dated 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 sale, the director now directly owns 43,231 shares in the company, valued at $3,896,842.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank R. Martire sold 400,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $90.34, for a total transaction of $36,136,000.00. Following the completion of the transaction, the director now owns 202,517 shares of the company’s stock, valued at $18,295,385.78. The disclosure for this sale can be found here. Insiders sold 518,368 shares of company stock valued at $47,027,692 over the last 90 days. 2.66% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in FIS. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in Fidelity National Information Services by 23.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,706 shares of the information technology services provider’s stock worth $375,000 after purchasing an additional 906 shares in the last quarter. Janus Capital Management LLC raised its holdings in Fidelity National Information Services by 23.7% in the first quarter. Janus Capital Management LLC now owns 5,127,324 shares of the information technology services provider’s stock worth $408,238,000 after purchasing an additional 983,896 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in Fidelity National Information Services by 59.7% in the first quarter. Point72 Asset Management L.P. now owns 56,200 shares of the information technology services provider’s stock worth $4,475,000 after purchasing an additional 21,000 shares in the last quarter. Summit Global Investments raised its holdings in Fidelity National Information Services by 180.8% in the first quarter. Summit Global Investments now owns 17,520 shares of the information technology services provider’s stock worth $1,395,000 after purchasing an additional 11,280 shares in the last quarter. Finally, Bank of Nova Scotia raised its holdings in Fidelity National Information Services by 933.0% in the first quarter. Bank of Nova Scotia now owns 75,139 shares of the information technology services provider’s stock worth $5,982,000 after purchasing an additional 67,865 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

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)

Receive News & Ratings for Fidelity National Information Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.