Fidelity National Information Servcs Inc (NYSE:FIS) – Equities researchers at SunTrust Banks reduced their Q4 2019 EPS estimates for Fidelity National Information Servcs in a research report issued on Wednesday, June 12th, Zacks Investment Research reports. SunTrust Banks analyst A. Jeffrey now expects that the information technology services provider will post earnings of $1.96 per share for the quarter, down from their prior forecast of $2.12. SunTrust Banks currently has a “Hold” rating and a $125.00 price target on the stock. SunTrust Banks also issued estimates for Fidelity National Information Servcs’ FY2020 earnings at $8.36 EPS and FY2021 earnings at $9.40 EPS.
NYSE:FIS traded up $0.18 during trading hours on Thursday, reaching $126.80. The stock had a trading volume of 2,740,069 shares, compared to its average volume of 2,962,029. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 1.03. Fidelity National Information Servcs has a 52 week low of $94.53 and a 52 week high of $127.00. The company’s 50 day moving average price is $121.37. The company has a market capitalization of $41.00 billion, a PE ratio of 24.24, a PEG ratio of 1.51 and a beta of 0.63.
Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, April 30th. The information technology services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.07. Fidelity National Information Servcs had a return on equity of 18.68% and a net margin of 9.66%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the company earned $1.09 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis.
A number of hedge funds have recently bought and sold shares of FIS. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Fidelity National Information Servcs by 376.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 248 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 196 shares during the period. Doyle Wealth Management acquired a new stake in shares of Fidelity National Information Servcs in the 4th quarter valued at approximately $27,000. Sontag Advisory LLC acquired a new stake in shares of Fidelity National Information Servcs in the 4th quarter valued at approximately $27,000. O Shaughnessy Asset Management LLC acquired a new stake in Fidelity National Information Servcs during the 1st quarter worth approximately $29,000. Finally, Global Retirement Partners LLC boosted its position in Fidelity National Information Servcs by 46.6% during the 1st quarter. Global Retirement Partners LLC now owns 283 shares of the information technology services provider’s stock worth $32,000 after buying an additional 90 shares during the period. 92.58% of the stock is owned by institutional investors.
In related news, Director James B. Stallings, Jr. sold 1,240 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $122.55, for a total value of $151,962.00. Following the completion of the sale, the director now owns 8,370 shares of the company’s stock, valued at $1,025,743.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.43% of the stock is currently owned by company insiders.
The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.35 dividend. The ex-dividend date was Thursday, June 13th. This represents a $1.40 annualized dividend and a dividend yield of 1.10%. Fidelity National Information Servcs’s dividend payout ratio is presently 26.77%.
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.