Cantor Fitzgerald Analysts Raise Earnings Estimates for Fidelity National Information Servcs Inc (NYSE:FIS)

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Fidelity National Information Servcs Inc (NYSE:FIS) – Equities researchers at Cantor Fitzgerald raised their FY2020 earnings per share (EPS) estimates for Fidelity National Information Servcs in a report issued on Wednesday, November 6th. Cantor Fitzgerald analyst J. Foresi now forecasts that the information technology services provider will post earnings of $6.28 per share for the year, up from their prior forecast of $6.23. Cantor Fitzgerald currently has a “Overweight” rating and a $150.00 target price on the stock.

A number of other equities analysts have also recently issued reports on the stock. Wedbush set a $150.00 target price on shares of Fidelity National Information Servcs and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Oppenheimer set a $148.00 price target on Fidelity National Information Servcs and gave the company a “buy” rating in a report on Wednesday, August 7th. UBS Group lifted their price target on Fidelity National Information Servcs from $139.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday. Northcoast Research reaffirmed a “neutral” rating on shares of Fidelity National Information Servcs in a report on Wednesday, August 7th. Finally, Royal Bank of Canada lifted their price target on Fidelity National Information Servcs from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Fidelity National Information Servcs currently has an average rating of “Buy” and an average target price of $148.38.

Shares of NYSE FIS opened at $130.69 on Friday. The company has a quick ratio of 3.00, a current ratio of 0.86 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $130.98 and its two-hundred day moving average price is $127.44. Fidelity National Information Servcs has a 52-week low of $94.53 and a 52-week high of $141.35. The stock has a market capitalization of $81.09 billion, a P/E ratio of 24.99, a P/E/G ratio of 2.68 and a beta of 0.63.

Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, November 5th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.08. Fidelity National Information Servcs had a net margin of 8.24% and a return on equity of 12.07%. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter last year, the company posted $1.33 earnings per share. Fidelity National Information Servcs’s revenue was up 35.4% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.40 annualized dividend and a yield of 1.07%. Fidelity National Information Servcs’s payout ratio is 26.77%.

In other Fidelity National Information Servcs news, Director Lisa Hook sold 6,000 shares of Fidelity National Information Servcs stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $136.14, for a total value of $816,840.00. Following the transaction, the director now owns 6,797 shares in the company, valued at $925,343.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO James W. Woodall sold 100,499 shares of Fidelity National Information Servcs stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $133.76, for a total transaction of $13,442,746.24. Following the completion of the transaction, the chief financial officer now owns 157,497 shares in the company, valued at approximately $21,066,798.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 321,756 shares of company stock worth $43,162,570. 1.43% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Rehmann Capital Advisory Group grew its position in Fidelity National Information Servcs by 10.1% in the second quarter. Rehmann Capital Advisory Group now owns 884 shares of the information technology services provider’s stock worth $109,000 after buying an additional 81 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Fidelity National Information Servcs by 3.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,395 shares of the information technology services provider’s stock worth $318,000 after purchasing an additional 82 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in Fidelity National Information Servcs by 2.1% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,125 shares of the information technology services provider’s stock worth $541,000 after purchasing an additional 83 shares in the last quarter. Moody Lynn & Lieberson LLC grew its position in Fidelity National Information Servcs by 0.3% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 32,924 shares of the information technology services provider’s stock worth $4,371,000 after purchasing an additional 84 shares in the last quarter. Finally, Townsquare Capital LLC grew its position in Fidelity National Information Servcs by 3.3% during the 2nd quarter. Townsquare Capital LLC now owns 2,689 shares of the information technology services provider’s stock worth $350,000 after purchasing an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

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

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