Brokers Offer Predictions for Fidelity National Information Servcs Inc’s Q1 2019 Earnings (FIS)

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Fidelity National Information Servcs Inc (NYSE:FIS) – Analysts at KeyCorp lifted their Q1 2019 earnings per share estimates for Fidelity National Information Servcs in a report released on Sunday, February 10th. KeyCorp analyst A. Ramnani now anticipates that the information technology services provider will post earnings per share of $1.22 for the quarter, up from their prior estimate of $1.21. KeyCorp also issued estimates for Fidelity National Information Servcs’ Q2 2019 earnings at $1.38 EPS, Q3 2019 earnings at $1.43 EPS, Q4 2019 earnings at $1.71 EPS and FY2020 earnings at $6.41 EPS.

Several other brokerages have also recently commented on FIS. Zacks Investment Research cut shares of Fidelity National Information Servcs from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Citigroup lowered their price target on shares of Fidelity National Information Servcs from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st. Cantor Fitzgerald lifted their price target on shares of Fidelity National Information Servcs from $117.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 31st. ValuEngine cut shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Finally, Barclays initiated coverage on shares of Fidelity National Information Servcs in a research report on Wednesday, November 14th. They set an “overweight” rating and a $129.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $120.30.

Shares of NYSE:FIS opened at $106.79 on Tuesday. Fidelity National Information Servcs has a one year low of $93.71 and a one year high of $110.83. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.89. The company has a market cap of $35.70 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 1.58 and a beta of 0.77.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 12th. The information technology services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.58 by $0.02. Fidelity National Information Servcs had a net margin of 17.89% and a return on equity of 15.78%. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the company earned $1.36 EPS. Fidelity National Information Servcs’s revenue was down 7.0% on a year-over-year basis.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Fidelity National Information Servcs by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 24,821,437 shares of the information technology services provider’s stock worth $2,707,274,000 after acquiring an additional 261,868 shares during the last quarter. Vanguard Group Inc lifted its stake in Fidelity National Information Servcs by 1.1% in the third quarter. Vanguard Group Inc now owns 24,821,437 shares of the information technology services provider’s stock valued at $2,707,274,000 after buying an additional 261,868 shares in the last quarter. Morgan Stanley lifted its stake in Fidelity National Information Servcs by 6.8% in the third quarter. Morgan Stanley now owns 5,320,322 shares of the information technology services provider’s stock valued at $580,287,000 after buying an additional 339,407 shares in the last quarter. Geode Capital Management LLC lifted its stake in Fidelity National Information Servcs by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 4,520,153 shares of the information technology services provider’s stock valued at $462,775,000 after buying an additional 347,672 shares in the last quarter. Finally, Cantillon Capital Management LLC lifted its stake in Fidelity National Information Servcs by 0.7% in the fourth quarter. Cantillon Capital Management LLC now owns 4,283,444 shares of the information technology services provider’s stock valued at $439,267,000 after buying an additional 28,118 shares in the last quarter. 89.13% of the stock is currently owned by institutional investors and hedge funds.

In related news, CAO Kathleen T. Thompson sold 8,482 shares of Fidelity National Information Servcs stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $106.86, for a total transaction of $906,386.52. Following the transaction, the chief accounting officer now owns 8,917 shares of the company’s stock, valued at approximately $952,870.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Marc M. Mayo sold 34,826 shares of Fidelity National Information Servcs stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $105.00, for a total transaction of $3,656,730.00. Following the transaction, the executive vice president now directly owns 24,594 shares in the company, valued at approximately $2,582,370. The disclosure for this sale can be found here. 2.08% of the stock is owned by company insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a dividend of $0.35 per share. This is a positive change from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.40 annualized dividend and a yield of 1.31%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 28.96%.

Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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