Northcoast Research Weighs in on Fidelity National Information Services, Inc.’s Q3 2017 Earnings (FIS)

Fidelity National Information Services, Inc. (NYSE:FIS) – Equities researchers at Northcoast Research cut their Q3 2017 EPS estimates for Fidelity National Information Services in a research report issued on Thursday. Northcoast Research analyst K. Mehta now anticipates that the information technology services provider will post earnings per share of $1.06 for the quarter, down from their previous forecast of $1.13.

Several other equities research analysts have also issued reports on FIS. BMO Capital Markets lifted their price target on Fidelity National Information Services from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Barclays PLC reaffirmed an “overweight” rating and set a $102.00 price target (up previously from $94.00) on shares of Fidelity National Information Services in a research note on Wednesday. Stephens reaffirmed a “positive” rating and set a $101.00 price target (up previously from $93.00) on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Zacks Investment Research raised Fidelity National Information Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, BidaskClub lowered Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $92.20.

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Fidelity National Information Services (FIS) opened at 89.99 on Monday. Fidelity National Information Services has a 52-week low of $73.25 and a 52-week high of $92.78. The company has a market capitalization of $29.70 billion, a P/E ratio of 45.11 and a beta of 0.84. The firm has a 50-day moving average price of $87.99 and a 200 day moving average price of $83.57.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.97 by $0.05. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.

Fidelity National Information Services declared that its board has approved a share repurchase plan on Wednesday, August 2nd that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the information technology services provider to reacquire up to 13.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 2,181 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $90.32, for a total transaction of $196,987.92. Following the completion of the transaction, the director now owns 12,317 shares of the company’s stock, valued at approximately $1,112,471.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank R. Martire sold 400,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $90.34, for a total value of $36,136,000.00. Following the transaction, the director now directly owns 202,517 shares of the company’s stock, valued at approximately $18,295,385.78. The disclosure for this sale can be found here. In the last three months, insiders sold 403,181 shares of company stock valued at $36,418,378. 2.66% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Guardian Life Insurance Co. of America raised its position in Fidelity National Information Services by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,266 shares of the information technology services provider’s stock worth $101,000 after buying an additional 9 shares during the last quarter. Motco raised its position in Fidelity National Information Services by 12.3% in the second quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after buying an additional 131 shares during the last quarter. Morgan Dempsey Capital Management LLC raised its position in Fidelity National Information Services by 3.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,301 shares of the information technology services provider’s stock worth $104,000 after buying an additional 45 shares during the last quarter. Financial Architects Inc raised its position in Fidelity National Information Services by 0.7% in the first quarter. Financial Architects Inc now owns 1,327 shares of the information technology services provider’s stock worth $106,000 after buying an additional 9 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Fidelity National Information Services by 6.8% in the second quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock worth $112,000 after buying an additional 84 shares during the last quarter. 86.70% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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

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