SunTrust Banks Weighs in on Fidelity National Information Servcs Inc’s FY2019 Earnings (FIS)

Fidelity National Information Servcs Inc (NYSE:FIS) – Analysts at SunTrust Banks raised their FY2019 EPS estimates for Fidelity National Information Servcs in a research report issued to clients and investors on Monday, September 24th. SunTrust Banks analyst A. Jeffrey now anticipates that the information technology services provider will post earnings of $5.76 per share for the year, up from their previous forecast of $5.75. SunTrust Banks currently has a “Buy” rating and a $125.00 price objective on the stock. SunTrust Banks also issued estimates for Fidelity National Information Servcs’ FY2020 earnings at $6.40 EPS.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings results on Tuesday, July 31st. The information technology services provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.02. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.12 billion. Fidelity National Information Servcs had a return on equity of 15.42% and a net margin of 16.59%. The business’s revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share.

FIS has been the subject of several other reports. ValuEngine lowered Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Zacks Investment Research upgraded Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Friday, August 3rd. Wolfe Research assumed coverage on Fidelity National Information Servcs in a research report on Tuesday, July 17th. They issued an “outperform” rating for the company. Finally, Cantor Fitzgerald increased their price objective on Fidelity National Information Servcs to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 1st. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $115.42.

Shares of Fidelity National Information Servcs stock opened at $109.52 on Wednesday. The company has a market capitalization of $36.15 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 1.75 and a beta of 0.94. Fidelity National Information Servcs has a fifty-two week low of $89.31 and a fifty-two week high of $110.83. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.84.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Fidelity National Information Servcs by 15.6% during the second quarter. BlackRock Inc. now owns 26,143,372 shares of the information technology services provider’s stock worth $2,771,982,000 after buying an additional 3,530,593 shares during the period. Wells Fargo & Company MN boosted its position in shares of Fidelity National Information Servcs by 4.4% during the second quarter. Wells Fargo & Company MN now owns 4,671,821 shares of the information technology services provider’s stock worth $495,353,000 after buying an additional 196,434 shares during the period. Voya Investment Management LLC boosted its position in shares of Fidelity National Information Servcs by 18.4% during the second quarter. Voya Investment Management LLC now owns 4,524,231 shares of the information technology services provider’s stock worth $479,704,000 after buying an additional 701,796 shares during the period. Boston Partners boosted its position in shares of Fidelity National Information Servcs by 2.2% during the second quarter. Boston Partners now owns 3,994,347 shares of the information technology services provider’s stock worth $423,521,000 after buying an additional 86,862 shares during the period. Finally, Findlay Park Partners LLP boosted its position in shares of Fidelity National Information Servcs by 39.4% during the second quarter. Findlay Park Partners LLP now owns 3,625,000 shares of the information technology services provider’s stock worth $384,359,000 after buying an additional 1,025,000 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

In other news, Director Stephan A. James sold 23,922 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $108.97, for a total transaction of $2,606,780.34. Following the completion of the transaction, the director now directly owns 41,585 shares in the company, valued at $4,531,517.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Lenore D. Williams sold 4,285 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $106.00, for a total value of $454,210.00. Following the transaction, the executive vice president now owns 4,999 shares of the company’s stock, valued at $529,894. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,129 shares of company stock valued at $4,967,533. Company insiders own 2.08% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a $0.32 dividend. The ex-dividend date is Thursday, September 13th. This represents a $1.28 annualized dividend and a yield of 1.17%. Fidelity National Information Servcs’s payout ratio is 28.96%.

About Fidelity National Information Servcs

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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