Fidelity National Information Servcs Inc (NYSE:FIS) – Stock analysts at SunTrust Banks increased their Q2 2019 earnings per share (EPS) estimates for Fidelity National Information Servcs in a note issued to investors on Tuesday, April 30th. SunTrust Banks analyst A. Jeffrey now forecasts that the information technology services provider will post earnings of $1.79 per share for the quarter, up from their prior forecast of $1.73. SunTrust Banks has a “Hold” rating and a $106.54 price target on the stock. SunTrust Banks also issued estimates for Fidelity National Information Servcs’ FY2019 earnings at $7.51 EPS.
Several other equities analysts 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 note on Thursday, January 3rd. ValuEngine cut shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. William Blair reissued an “outperform” rating on shares of Fidelity National Information Servcs in a report on Tuesday, February 12th. Guggenheim increased their price objective on shares of Fidelity National Information Servcs to $135.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Finally, Wedbush raised their target price on shares of Fidelity National Information Servcs from $110.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $126.40.
Fidelity National Information Servcs stock opened at $115.22 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.19 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $37.48 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 1.30 and a beta of 0.74. Fidelity National Information Servcs has a twelve month low of $94.53 and a twelve month high of $117.98.
Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $1.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.07. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.02 billion. Fidelity National Information Servcs had a net margin of 9.66% and a return on equity of 18.68%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, June 13th. Fidelity National Information Servcs’s dividend payout ratio is presently 26.77%.
In related news, Director Alexandar Navab, Jr. bought 5,075 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was acquired at an average price of $107.22 per share, for a total transaction of $544,141.50. Following the purchase, the director now directly owns 5,075 shares in the company, valued at $544,141.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary Norcross sold 160,000 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $108.81, for a total value of $17,409,600.00. Following the completion of the transaction, the chief executive officer now owns 249,434 shares of the company’s stock, valued at approximately $27,140,913.54. The disclosure for this sale can be found here. Company insiders own 1.43% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Essex Savings Bank purchased a new position in shares of Fidelity National Information Servcs during the 4th quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Fidelity National Information Servcs by 376.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 248 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 196 shares in the last quarter. Doyle Wealth Management purchased a new position in shares of Fidelity National Information Servcs during the 4th quarter valued at about $27,000. Sontag Advisory LLC purchased a new position in shares of Fidelity National Information Servcs during the 4th quarter valued at about $27,000. Finally, We Are One Seven LLC purchased a new position in shares of Fidelity National Information Servcs during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 90.27% 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.