Zacks: Analysts Anticipate Fidelity National Information Servcs Inc (FIS) Will Announce Quarterly Sales of $2.21 Billion

Analysts forecast that Fidelity National Information Servcs Inc (NYSE:FIS) will report sales of $2.21 billion for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Fidelity National Information Servcs’ earnings. The lowest sales estimate is $2.19 billion and the highest is $2.26 billion. Fidelity National Information Servcs reported sales of $2.33 billion in the same quarter last year, which indicates a negative year over year growth rate of 5.2%. The company is scheduled to announce its next quarterly earnings report on Tuesday, February 5th.

On average, analysts expect that Fidelity National Information Servcs will report full-year sales of $8.47 billion for the current financial year, with estimates ranging from $8.44 billion to $8.51 billion. For the next fiscal year, analysts expect that the company will report sales of $8.64 billion, with estimates ranging from $8.55 billion to $8.81 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Fidelity National Information Servcs.

Fidelity National Information Servcs (NYSE:FIS) last announced its earnings results on Tuesday, October 30th. The information technology services provider reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.03. Fidelity National Information Servcs had a net margin of 17.89% and a return on equity of 15.78%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the firm posted $1.18 earnings per share. The company’s revenue was down .6% on a year-over-year basis.

A number of equities research analysts recently weighed in on FIS shares. Citigroup dropped 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 note on Wednesday, October 31st. SunTrust Banks boosted their price target on shares of Fidelity National Information Servcs to $125.00 and gave the stock a “buy” rating in a research note on Monday, September 24th. They noted that the move was a valuation call. ValuEngine raised shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Cantor Fitzgerald boosted 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 note on Wednesday, October 31st. Finally, Wood & Company boosted their price target on shares of Fidelity National Information Servcs to $117.00 and gave the stock a “hold” rating in a research note on Thursday, September 27th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $118.67.

Shares of NYSE FIS traded up $0.90 during trading on Friday, reaching $103.35. The company had a trading volume of 734,949 shares, compared to its average volume of 1,512,832. Fidelity National Information Servcs has a 52 week low of $91.33 and a 52 week high of $110.83. The company has a market cap of $33.55 billion, a PE ratio of 23.38, a P/E/G ratio of 1.64 and a beta of 0.91. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.89.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, December 13th. Fidelity National Information Servcs’s dividend payout ratio is currently 28.96%.

In related news, Director Stephan A. James sold 23,922 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The shares were 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 owns 41,585 shares in the company, valued at $4,531,517.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Gregory G. Montana sold 50,354 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $105.46, for a total transaction of $5,310,332.84. The disclosure for this sale can be found here. 2.08% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Fidelity National Information Servcs by 15.6% in the second quarter. BlackRock Inc. now owns 26,143,372 shares of the information technology services provider’s stock valued at $2,771,982,000 after buying an additional 3,530,593 shares during the period. Morgan Stanley boosted its holdings in shares of 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 during the period. Wells Fargo & Company MN boosted its holdings in shares of Fidelity National Information Servcs by 4.4% in the second quarter. Wells Fargo & Company MN now owns 4,671,821 shares of the information technology services provider’s stock valued at $495,353,000 after buying an additional 196,434 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Fidelity National Information Servcs by 18.4% in the second quarter. Voya Investment Management LLC now owns 4,524,231 shares of the information technology services provider’s stock valued at $479,704,000 after buying an additional 701,796 shares during the period. Finally, Boston Partners boosted its holdings in shares of Fidelity National Information Servcs by 2.2% in the second quarter. Boston Partners now owns 3,994,347 shares of the information technology services provider’s stock valued at $423,521,000 after buying an additional 86,862 shares during the period. Institutional investors own 88.92% of the company’s stock.

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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