Wall Street analysts expect Fidelity National Information Servcs Inc (NYSE:FIS) to announce $2.01 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Fidelity National Information Servcs’ earnings, with estimates ranging from $1.99 billion to $2.03 billion. Fidelity National Information Servcs reported sales of $2.07 billion during the same quarter last year, which would suggest a negative year over year growth rate of 2.9%. The firm is expected to issue its next quarterly earnings report on Tuesday, May 7th.
On average, analysts expect that Fidelity National Information Servcs will report full year sales of $8.40 billion for the current fiscal year, with estimates ranging from $8.38 billion to $8.45 billion. For the next fiscal year, analysts forecast that the firm will post sales of $8.72 billion, with estimates ranging from $8.67 billion to $8.77 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Fidelity National Information Servcs.
Fidelity National Information Servcs (NYSE:FIS) last released its earnings results on Tuesday, February 12th. The information technology services provider reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.02. Fidelity National Information Servcs had a net margin of 10.06% and a return on equity of 16.71%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the firm earned $1.36 earnings per share. The business’s quarterly revenue was down 7.0% compared to the same quarter last year.
In other news, CEO Gary Norcross sold 160,000 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $108.81, for a total value of $17,409,600.00. Following the completion of the sale, the chief executive officer now directly owns 249,434 shares of the company’s stock, valued at $27,140,913.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian T. Shea acquired 290 shares of the firm’s stock in a transaction dated Saturday, October 12th. The stock was purchased at an average cost of $101.43 per share, with a total value of $29,414.70. Following the completion of the acquisition, the director now directly owns 3,210 shares of the company’s stock, valued at approximately $325,590.30. The disclosure for this purchase can be found here. Insiders sold 282,842 shares of company stock valued at $30,621,347 over the last three months. Corporate insiders own 2.08% of the company’s stock.
Several hedge funds have recently bought and sold shares of FIS. Essex Savings Bank acquired a new stake in shares of Fidelity National Information Servcs during the fourth quarter worth $25,000. Whittier Trust Co. of Nevada Inc. lifted its holdings 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 worth $25,000 after purchasing an additional 196 shares during the period. We Are One Seven LLC acquired a new stake in shares of Fidelity National Information Servcs during the fourth quarter worth $27,000. Doyle Wealth Management acquired a new stake in shares of Fidelity National Information Servcs during the fourth quarter worth $27,000. Finally, Sontag Advisory LLC acquired a new stake in shares of Fidelity National Information Servcs during the fourth quarter worth $27,000. 88.11% of the stock is owned by institutional investors and hedge funds.
Shares of FIS stock traded up $1.10 during trading hours on Tuesday, reaching $108.88. 3,613,283 shares of the stock were exchanged, compared to its average volume of 1,987,770. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19. Fidelity National Information Servcs has a 12-month low of $93.71 and a 12-month high of $110.83. The firm has a market capitalization of $34.67 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 1.20 and a beta of 0.74.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a $0.35 dividend. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, March 14th. Fidelity National Information Servcs’s dividend payout ratio is presently 24.47%.
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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