Cantor Fitzgerald Weighs in on Fidelity National Information Servcs Inc’s FY2018 Earnings (FIS)
Fidelity National Information Servcs Inc (NYSE:FIS) – Equities researchers at Cantor Fitzgerald boosted their FY2018 EPS estimates for shares of Fidelity National Information Servcs in a report issued on Wednesday. Cantor Fitzgerald analyst J. Foresi now expects that the information technology services provider will earn $5.20 per share for the year, up from their prior estimate of $4.86. Cantor Fitzgerald has a “Buy” rating and a $108.00 price objective on the stock.
Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.02. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.36 billion. Fidelity National Information Servcs had a net margin of 14.46% and a return on equity of 14.46%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 EPS.
Shares of Fidelity National Information Servcs (NYSE:FIS) traded down $0.66 during trading hours on Monday, hitting $95.51. 500,340 shares of the stock traded hands, compared to its average volume of 1,712,000. The stock has a market cap of $31,767.59, a P/E ratio of 24.53, a PEG ratio of 1.53 and a beta of 0.90. The company has a quick ratio of 1.25, a current ratio of 0.92 and a debt-to-equity ratio of 0.71. Fidelity National Information Servcs has a twelve month low of $78.89 and a twelve month high of $103.65.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a $0.32 dividend. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, March 15th. This represents a $1.28 annualized dividend and a yield of 1.34%. Fidelity National Information Servcs’s dividend payout ratio is 29.59%.
In related news, Director Stephan A. James sold 3,600 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $94.87, for a total value of $341,532.00. Following the completion of the sale, the director now owns 29,498 shares in the company, valued at approximately $2,798,475.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Gary Norcross sold 293,333 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. In the last quarter, insiders sold 313,933 shares of company stock valued at $29,609,844. 2.66% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. WFG Advisors LP increased its stake in Fidelity National Information Servcs by 99.8% in the 2nd quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 593 shares during the period. Calton & Associates Inc. acquired a new position in Fidelity National Information Servcs in the 4th quarter valued at $123,000. Cerebellum GP LLC acquired a new position in Fidelity National Information Servcs in the 4th quarter valued at $126,000. Rockefeller Financial Services Inc. acquired a new position in Fidelity National Information Servcs in the 3rd quarter valued at $128,000. Finally, Virtu Financial LLC acquired a new position in Fidelity National Information Servcs in the 4th quarter valued at $201,000. 87.26% of the stock is currently owned by institutional investors.
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About Fidelity National Information Servcs
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.
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