FIS (NYSE:FIS) – Stock analysts at Wedbush upped their Q3 2018 earnings per share estimates for shares of FIS in a report issued on Wednesday, April 18th. Wedbush analyst M. Katri now expects that the information technology services provider will earn $1.33 per share for the quarter, up from their previous forecast of $1.28. Wedbush also issued estimates for FIS’s Q4 2018 earnings at $1.60 EPS, Q3 2019 earnings at $1.48 EPS and Q4 2019 earnings at $1.71 EPS.
FIS (NYSE:FIS) last released its earnings results on Tuesday, February 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.02. FIS had a net margin of 14.46% and a return on equity of 14.46%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the company posted $1.14 EPS. The business’s revenue was down 4.7% on a year-over-year basis.
FIS has been the topic of a number of other reports. Zacks Investment Research raised shares of FIS from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a research note on Friday, February 9th. BMO Capital Markets raised their target price on shares of FIS from $104.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. They noted that the move was a valuation call. Barclays reissued a “buy” rating and issued a $115.00 target price on shares of FIS in a research note on Friday, January 5th. Royal Bank of Canada reissued a “buy” rating and issued a $116.00 target price on shares of FIS in a research note on Wednesday, February 7th. Finally, Stephens reissued a “buy” rating and issued a $114.00 target price on shares of FIS in a research note on Thursday, April 5th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. FIS has a consensus rating of “Buy” and a consensus price target of $105.69.
FIS opened at $97.53 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.92 and a current ratio of 0.92. FIS has a 1-year low of $80.51 and a 1-year high of $103.65. The company has a market capitalization of $32,326.41, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 1.57 and a beta of 0.91.
Several hedge funds have recently added to or reduced their stakes in FIS. Calton & Associates Inc. acquired a new stake in FIS in the 4th quarter valued at approximately $123,000. Cerebellum GP LLC acquired a new stake in FIS in the 4th quarter valued at approximately $126,000. Virtu Financial LLC acquired a new stake in FIS in the 4th quarter valued at approximately $201,000. Bell & Brown Wealth Advisors LLC acquired a new stake in FIS in the 4th quarter valued at approximately $203,000. Finally, Penbrook Management LLC acquired a new stake in FIS in the 4th quarter valued at approximately $212,000. 87.88% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Gary Norcross sold 293,333 shares of FIS stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $94.30, for a total transaction of $27,661,301.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James W. Woodall sold 87,195 shares of FIS stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $100.60, for a total transaction of $8,771,817.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,256,602 shares of company stock worth $123,478,574. Corporate insiders own 2.66% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, March 15th. This is a positive change from FIS’s previous quarterly dividend of $0.29. FIS’s payout ratio is presently 28.96%.
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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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