Fidelity National Information Services, Inc. (NYSE:FIS) – Research analysts at KeyCorp reduced their Q1 2018 EPS estimates for shares of Fidelity National Information Services in a research note issued to investors on Sunday. KeyCorp analyst A. Ramnani now anticipates that the information technology services provider will earn $0.96 per share for the quarter, down from their previous estimate of $0.99. KeyCorp has a “Buy” rating on the stock. KeyCorp also issued estimates for Fidelity National Information Services’ Q2 2018 earnings at $1.14 EPS, Q3 2018 earnings at $1.20 EPS, Q4 2018 earnings at $1.46 EPS and FY2018 earnings at $4.75 EPS.

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 Zacks’ consensus estimate of $1.06 by $0.12. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Fidelity National Information Services had a return on equity of 14.05% and a net margin of 5.82%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share. ILLEGAL ACTIVITY WARNING: “Q1 2018 EPS Estimates for Fidelity National Information Services, Inc. Cut by KeyCorp (FIS)” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.watchlistnews.com/q1-2018-eps-estimates-for-fidelity-national-information-services-inc-cut-by-keycorp-fis/1704497.html.

A number of other research analysts have also recently commented on FIS. BidaskClub upgraded Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research cut Fidelity National Information Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Stephens restated a “positive” rating and set a $101.00 price objective (up previously from $93.00) on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Cowen and Company restated a “buy” rating and set a $97.00 price objective on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Finally, BMO Capital Markets boosted their price objective on Fidelity National Information Services from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $98.38.

Shares of Fidelity National Information Services (FIS) traded up $0.58 on Tuesday, hitting $93.43. The company’s stock had a trading volume of 2,111,000 shares, compared to its average volume of 1,521,105. The firm has a market capitalization of $30,999.69, a PE ratio of 22.11, a PEG ratio of 1.76 and a beta of 0.88. Fidelity National Information Services has a 12 month low of $73.97 and a 12 month high of $96.67. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 1.25.

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. This represents a $1.16 annualized dividend and a yield of 1.24%. The ex-dividend date is Thursday, December 14th. Fidelity National Information Services’s dividend payout ratio is currently 71.60%.

Fidelity National Information Services declared that its board has approved a stock buyback plan on Wednesday, August 2nd that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the information technology services provider to purchase up to 13.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

In related news, Director James B. Stallings, Jr. sold 8,486 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $91.87, for a total value of $779,608.82. Following the completion of the sale, the director now directly owns 12,317 shares of the company’s stock, valued at $1,131,562.79. The sale 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 business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $92.36, for a total value of $9,236,000.00. Following the completion of the sale, the chief operating officer now directly owns 282,689 shares of the company’s stock, valued at $26,109,156.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 167,033 shares of company stock valued at $15,433,548. 2.66% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. increased its holdings in Fidelity National Information Services by 17.7% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,133 shares of the information technology services provider’s stock valued at $385,000 after buying an additional 621 shares during the last quarter. Tiemann Investment Advisors LLC bought a new stake in Fidelity National Information Services in the third quarter valued at about $217,000. Cubist Systematic Strategies LLC bought a new position in shares of Fidelity National Information Services during the third quarter valued at approximately $363,000. Point72 Asset Management L.P. bought a new position in shares of Fidelity National Information Services during the third quarter valued at approximately $2,802,000. Finally, Beacon Investment Advisory Services Inc. bought a new position in shares of Fidelity National Information Services during the third quarter valued at approximately $268,000. 86.15% of the stock is owned by hedge funds and other institutional investors.

About Fidelity National Information Services

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)

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