SunTrust Banks Brokers Boost Earnings Estimates for Fidelity National Information Servcs Inc (FIS)

Fidelity National Information Servcs Inc (NYSE:FIS) – Analysts at SunTrust Banks lifted their FY2019 EPS estimates for shares of Fidelity National Information Servcs in a report issued 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 target 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 announced its quarterly earnings results on Tuesday, July 31st. The information technology services provider reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.02. Fidelity National Information Servcs had a return on equity of 15.42% and a net margin of 16.59%. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the company earned $1.04 EPS. Fidelity National Information Servcs’s revenue was down 6.7% compared to the same quarter last year.

Several other research analysts have also issued reports on the company. Zacks Investment Research raised Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research report on Friday, August 3rd. Wood & Company raised their target price on Fidelity National Information Servcs to $117.00 and gave the stock a “hold” rating in a research report on Thursday. They noted that the move was a valuation call. ValuEngine lowered Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Wolfe Research started coverage on Fidelity National Information Servcs in a research report on Tuesday, July 17th. They set an “outperform” rating for the company. Finally, Cantor Fitzgerald raised their target price on Fidelity National Information Servcs to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 1st. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Fidelity National Information Servcs has an average rating of “Buy” and an average price target of $115.54.

Shares of FIS opened at $108.77 on Wednesday. Fidelity National Information Servcs has a 52 week low of $89.31 and a 52 week high of $110.83. The firm has a market capitalization of $36.11 billion, a PE ratio of 24.77, a PEG ratio of 1.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.38 and a quick ratio of 1.38.

Several large investors have recently bought and sold shares of FIS. Rampart Investment Management Company LLC raised its holdings in Fidelity National Information Servcs by 145.3% during the 1st quarter. Rampart Investment Management Company LLC now owns 10,994 shares of the information technology services provider’s stock valued at $1,059,000 after acquiring an additional 6,512 shares during the period. WealthTrust Fairport LLC raised its holdings in Fidelity National Information Servcs by 1.3% during the 1st quarter. WealthTrust Fairport LLC now owns 70,094 shares of the information technology services provider’s stock valued at $6,750,000 after acquiring an additional 883 shares during the period. Mount Yale Investment Advisors LLC bought a new stake in Fidelity National Information Servcs during the 1st quarter valued at $261,000. Cerebellum GP LLC raised its holdings in Fidelity National Information Servcs by 133.6% during the 2nd quarter. Cerebellum GP LLC now owns 1,696 shares of the information technology services provider’s stock valued at $180,000 after acquiring an additional 970 shares during the period. Finally, CenturyLink Investment Management Co bought a new stake in Fidelity National Information Servcs during the 2nd quarter valued at $1,665,000. 88.00% of the stock is currently owned by institutional investors.

In related news, Director Stephan A. James sold 23,922 shares of Fidelity National Information Servcs stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $108.97, for a total value of $2,606,780.34. Following the sale, the director now owns 41,585 shares of the company’s stock, valued at approximately $4,531,517.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lenore D. Williams sold 4,285 shares of Fidelity National Information Servcs stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $106.00, for a total transaction of $454,210.00. Following the completion of the sale, the executive vice president now directly owns 4,999 shares in the company, valued at approximately $529,894. The disclosure for this sale can be found here. Insiders sold a total of 46,129 shares of company stock worth $4,967,533 in the last 90 days. Company insiders own 2.08% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.18%. Fidelity National Information Servcs’s payout ratio is presently 28.96%.

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.

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Earnings History and Estimates for Fidelity National Information Servcs (NYSE:FIS)

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