Zacks: Analysts Anticipate Fidelity National Information Services, Inc. (NYSE:FIS) Will Post Quarterly Sales of $3.37 Billion

Wall Street analysts expect that Fidelity National Information Services, Inc. (NYSE:FIS) will post $3.37 billion in sales for the current fiscal quarter, Zacks reports. Ten analysts have made estimates for Fidelity National Information Services’ earnings. The highest sales estimate is $3.39 billion and the lowest is $3.32 billion. Fidelity National Information Services posted sales of $2.96 billion during the same quarter last year, which indicates a positive year over year growth rate of 13.9%. The business is expected to report its next quarterly earnings results on Tuesday, August 3rd.

On average, analysts expect that Fidelity National Information Services will report full year sales of $13.71 billion for the current year, with estimates ranging from $13.55 billion to $13.84 billion. For the next financial year, analysts anticipate that the firm will post sales of $14.81 billion, with estimates ranging from $14.52 billion to $15.00 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Fidelity National Information Services.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Thursday, May 6th. The information technology services provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. The business had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Fidelity National Information Services had a negative net margin of 1.82% and a positive return on equity of 7.01%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 EPS.

FIS has been the topic of several recent research reports. Truist cut Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 price target on the stock. in a research report on Monday. They noted that the move was a valuation call. Robert W. Baird upped their price target on Fidelity National Information Services from $166.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, April 15th. Barclays upped their price objective on shares of Fidelity National Information Services from $167.00 to $173.00 and gave the stock an “overweight” rating in a research report on Monday, May 10th. Morgan Stanley lifted their target price on shares of Fidelity National Information Services from $149.00 to $154.00 and gave the company an “equal weight” rating in a report on Friday, May 14th. Finally, Raymond James raised their price objective on shares of Fidelity National Information Services from $170.00 to $194.00 and gave the company a “strong-buy” rating in a research report on Friday, May 7th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $165.59.

In other news, EVP Marc M. Mayo sold 27,409 shares of the stock in a transaction dated Thursday, April 8th. The shares were sold at an average price of $150.00, for a total transaction of $4,111,350.00. Following the transaction, the executive vice president now directly owns 57,889 shares in the company, valued at approximately $8,683,350. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.65% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Vantage Consulting Group Inc purchased a new stake in Fidelity National Information Services during the fourth quarter valued at about $25,000. Fieldpoint Private Securities LLC purchased a new position in Fidelity National Information Services in the fourth quarter valued at approximately $27,000. Concord Wealth Partners acquired a new position in Fidelity National Information Services during the fourth quarter valued at approximately $27,000. Curi Capital purchased a new stake in Fidelity National Information Services during the fourth quarter worth approximately $28,000. Finally, Emerson Wealth Management LLC purchased a new stake in Fidelity National Information Services during the first quarter worth approximately $31,000. Institutional investors and hedge funds own 89.02% of the company’s stock.

Shares of NYSE:FIS traded up $0.25 on Friday, reaching $145.38. The company’s stock had a trading volume of 2,715,327 shares, compared to its average volume of 3,566,544. Fidelity National Information Services has a 52-week low of $120.17 and a 52-week high of $156.73. The company has a market cap of $90.15 billion, a PE ratio of -381.91, a P/E/G ratio of 1.22 and a beta of 0.85. The business has a 50-day moving average price of $149.51. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.34.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 25th. Shareholders of record on Friday, June 11th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, June 10th. Fidelity National Information Services’s payout ratio is 28.57%.

About Fidelity National Information Services

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

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

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