Analysts expect that Fidelity National Information Services, Inc. (NYSE:FIS) will announce $0.97 earnings per share (EPS) for the current quarter, according to Zacks. Eleven analysts have provided estimates for Fidelity National Information Services’ earnings, with the highest EPS estimate coming in at $1.00 and the lowest estimate coming in at $0.96. Fidelity National Information Services posted earnings per share of $0.91 in the same quarter last year, which would indicate a positive year over year growth rate of 6.6%. The company is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, August 2nd.

According to Zacks, analysts expect that Fidelity National Information Services will report full-year earnings of $4.25 per share for the current year, with EPS estimates ranging from $4.18 to $4.29. For the next financial year, analysts expect that the business will post earnings of $4.82 per share, with EPS estimates ranging from $4.72 to $4.93. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Fidelity National Information Services.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, May 2nd. The information technology services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Fidelity National Information Services had a net margin of 6.99% and a return on equity of 13.14%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.79 earnings per share.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Fidelity National Information Services from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub upgraded Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Oppenheimer Holdings, Inc. boosted their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, July 13th. Royal Bank Of Canada reiterated a “buy” rating and issued a $96.00 price target on shares of Fidelity National Information Services in a report on Wednesday, July 12th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $92.00 price target (up from $90.00) on shares of Fidelity National Information Services in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Fidelity National Information Services currently has an average rating of “Buy” and a consensus price target of $89.67.

In other news, Director James B. Stallings, Jr. sold 1,000 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $85.39, for a total value of $85,390.00. Following the completion of the sale, the director now owns 14,498 shares in the company, valued at $1,237,984.22. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gary Norcross sold 250,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $83.06, for a total value of $20,765,000.00. Following the completion of the sale, the insider now owns 557,699 shares of the company’s stock, valued at approximately $46,322,478.94. The disclosure for this sale can be found here. In the last three months, insiders sold 746,501 shares of company stock valued at $61,960,326. Company insiders own 2.66% of the company’s stock.

Several hedge funds have recently made changes to their positions in FIS. USA Financial Portformulas Corp purchased a new stake in shares of Fidelity National Information Services during the fourth quarter valued at $2,704,000. Teachers Advisors LLC raised its stake in shares of Fidelity National Information Services by 31.4% in the fourth quarter. Teachers Advisors LLC now owns 790,813 shares of the information technology services provider’s stock valued at $59,817,000 after buying an additional 189,167 shares during the period. Kentucky Retirement Systems purchased a new stake in shares of Fidelity National Information Services during the fourth quarter valued at $1,802,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Fidelity National Information Services during the fourth quarter valued at $804,000. Finally, Park National Corp OH purchased a new stake in shares of Fidelity National Information Services during the first quarter valued at $205,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

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Shares of Fidelity National Information Services (FIS) traded up 0.40% during trading on Wednesday, hitting $90.21. 399,620 shares of the stock were exchanged. The stock has a market cap of $29.82 billion, a PE ratio of 46.05 and a beta of 0.83. Fidelity National Information Services has a one year low of $73.25 and a one year high of $90.27. The stock’s 50 day moving average price is $86.25 and its 200 day moving average price is $82.51.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were paid a $0.29 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.29%. Fidelity National Information Services’s payout ratio is 58.88%.

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.

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

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