Brokers Set Expectations for Fidelity National Information Servcs Inc’s Q1 2019 Earnings (FIS)

Fidelity National Information Servcs Inc (NYSE:FIS) – Northcoast Research issued their Q1 2019 earnings per share (EPS) estimates for Fidelity National Information Servcs in a report released on Wednesday, February 13th. Northcoast Research analyst K. Mehta anticipates that the information technology services provider will post earnings of $1.57 per share for the quarter. Northcoast Research also issued estimates for Fidelity National Information Servcs’ Q2 2019 earnings at $1.79 EPS, Q3 2019 earnings at $1.91 EPS and Q4 2019 earnings at $2.14 EPS.

Several other analysts also recently weighed in on FIS. William Blair restated an “outperform” rating on shares of Fidelity National Information Servcs in a report on Tuesday. Zacks Investment Research upgraded shares of Fidelity National Information Servcs from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. ValuEngine downgraded shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Barclays started coverage on shares of Fidelity National Information Servcs in a report on Wednesday, November 14th. They issued an “overweight” rating and a $129.00 target price for the company. Finally, Goldman Sachs Group upgraded shares of Fidelity National Information Servcs from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $108.00 to $128.00 in a report on Tuesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. Fidelity National Information Servcs has a consensus rating of “Buy” and an average target price of $120.30.

FIS stock opened at $106.79 on Thursday. 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 stock has a market capitalization of $35.70 billion, a P/E ratio of 24.16, a PEG ratio of 1.58 and a beta of 0.77. Fidelity National Information Servcs has a 1-year low of $93.71 and a 1-year high of $110.83.

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

Hedge funds have recently modified their holdings of the company. Middleton & Co Inc MA grew its stake in shares of Fidelity National Information Servcs by 12.5% during the third quarter. Middleton & Co Inc MA now owns 37,695 shares of the information technology services provider’s stock worth $4,111,000 after acquiring an additional 4,193 shares during the last quarter. Andra AP fonden grew its stake in shares of Fidelity National Information Servcs by 10.7% during the third quarter. Andra AP fonden now owns 83,600 shares of the information technology services provider’s stock worth $9,118,000 after acquiring an additional 8,100 shares during the last quarter. Braun Stacey Associates Inc. grew its stake in shares of Fidelity National Information Servcs by 1.4% during the fourth quarter. Braun Stacey Associates Inc. now owns 104,304 shares of the information technology services provider’s stock worth $10,697,000 after acquiring an additional 1,482 shares during the last quarter. Kendall Capital Management grew its stake in shares of Fidelity National Information Servcs by 13.7% during the third quarter. Kendall Capital Management now owns 9,360 shares of the information technology services provider’s stock worth $1,021,000 after acquiring an additional 1,130 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Fidelity National Information Servcs by 23.8% during the third quarter. Mackenzie Financial Corp now owns 4,652 shares of the information technology services provider’s stock worth $507,000 after acquiring an additional 894 shares during the last quarter. Institutional investors and hedge funds own 89.13% of the company’s stock.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a $0.35 dividend. The ex-dividend date is Thursday, March 14th. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 1.31%. Fidelity National Information Servcs’s payout ratio is currently 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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