$2.79 Billion in Sales Expected for Fidelity National Information Servcs Inc (NYSE:FIS) This Quarter

Wall Street brokerages expect Fidelity National Information Servcs Inc (NYSE:FIS) to announce sales of $2.79 billion for the current quarter, according to Zacks. Five analysts have made estimates for Fidelity National Information Servcs’ earnings. The highest sales estimate is $2.80 billion and the lowest is $2.78 billion. Fidelity National Information Servcs reported sales of $2.08 billion during the same quarter last year, which would suggest a positive year over year growth rate of 34.1%. The business is scheduled to announce its next quarterly earnings results on Tuesday, October 29th.

On average, analysts expect that Fidelity National Information Servcs will report full year sales of $10.70 billion for the current fiscal year, with estimates ranging from $10.26 billion to $12.33 billion. For the next financial year, analysts expect that the firm will post sales of $13.50 billion, with estimates ranging from $13.24 billion to $13.65 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Fidelity National Information Servcs.

Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.78. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Fidelity National Information Servcs had a net margin of 8.97% and a return on equity of 20.66%. Fidelity National Information Servcs’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.23 EPS.

Several research analysts have weighed in on FIS shares. Oppenheimer set a $148.00 price target on shares of Fidelity National Information Servcs and gave the company a “buy” rating in a report on Wednesday, August 7th. Robert W. Baird increased their price target on shares of Fidelity National Information Servcs from $134.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Berenberg Bank set a $171.00 price target on shares of Fidelity National Information Servcs and gave the company a “buy” rating in a report on Friday, August 9th. ValuEngine cut shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Citigroup set a $152.00 price target on shares of Fidelity National Information Servcs and gave the company a “buy” rating in a report on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $143.61.

In related news, Director Gary L. Lauer sold 9,981 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $135.77, for a total transaction of $1,355,120.37. Following the sale, the director now owns 18,621 shares in the company, valued at approximately $2,528,173.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James B. Stallings, Jr. sold 1,240 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $122.55, for a total transaction of $151,962.00. Following the sale, the director now owns 8,370 shares in the company, valued at approximately $1,025,743.50. The disclosure for this sale can be found here. Insiders have sold 17,221 shares of company stock worth $2,323,922 over the last ninety days. Insiders own 1.43% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC boosted its position in Fidelity National Information Servcs by 18.2% in the second quarter. CIBC Private Wealth Group LLC now owns 2,183,177 shares of the information technology services provider’s stock valued at $267,834,000 after buying an additional 336,826 shares in the last quarter. Accident Compensation Corp boosted its position in Fidelity National Information Servcs by 306.1% in the first quarter. Accident Compensation Corp now owns 13,400 shares of the information technology services provider’s stock valued at $1,516,000 after buying an additional 10,100 shares in the last quarter. Commerce Bank boosted its position in Fidelity National Information Servcs by 4.6% in the first quarter. Commerce Bank now owns 413,950 shares of the information technology services provider’s stock valued at $46,818,000 after buying an additional 18,151 shares in the last quarter. Advisory Services Network LLC boosted its position in Fidelity National Information Servcs by 2,778.3% in the first quarter. Advisory Services Network LLC now owns 7,426 shares of the information technology services provider’s stock valued at $840,000 after buying an additional 7,168 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in Fidelity National Information Servcs by 11.4% in the first quarter. Lazard Asset Management LLC now owns 87,931 shares of the information technology services provider’s stock valued at $9,943,000 after buying an additional 8,982 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Fidelity National Information Servcs stock traded up $0.06 during trading hours on Monday, hitting $138.26. The company had a trading volume of 73,816 shares, compared to its average volume of 8,796,742. The firm has a market cap of $44.83 billion, a PE ratio of 26.44, a PEG ratio of 2.59 and a beta of 0.64. The company has a debt-to-equity ratio of 1.67, a current ratio of 3.00 and a quick ratio of 3.00. Fidelity National Information Servcs has a one year low of $94.53 and a one year high of $140.73. The firm has a 50-day moving average of $132.00 and a 200 day moving average of $118.50.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.40 annualized dividend and a dividend yield of 1.01%. Fidelity National Information Servcs’s dividend payout ratio is presently 26.77%.

About Fidelity National Information Servcs

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.

Recommended Story: Outstanding Shares and The Effect on Share Price

Get a free copy of the Zacks research report on Fidelity National Information Servcs (FIS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Fidelity National Information Servcs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Servcs and related companies with MarketBeat.com's FREE daily email newsletter.