Analysts Anticipate Fidelity National Information Servcs Inc (FIS) Will Announce Quarterly Sales of $2.11 Billion
Equities research analysts forecast that Fidelity National Information Servcs Inc (NYSE:FIS) will post $2.11 billion in sales for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Fidelity National Information Servcs’ earnings. The lowest sales estimate is $2.01 billion and the highest is $2.22 billion. Fidelity National Information Servcs reported sales of $2.26 billion during the same quarter last year, which indicates a negative year over year growth rate of 6.6%. The business is expected to report its next earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Fidelity National Information Servcs will report full year sales of $2.11 billion for the current financial year, with estimates ranging from $8.49 billion to $9.37 billion. For the next year, analysts anticipate that the firm will report sales of $9.05 billion per share, with estimates ranging from $8.74 billion to $9.71 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Fidelity National Information Servcs.
Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.34 by $0.02. Fidelity National Information Servcs had a net margin of 14.46% and a return on equity of 14.46%. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the company earned $1.14 earnings per share. Fidelity National Information Servcs’s revenue for the quarter was down 4.7% on a year-over-year basis.
In other news, Director Stephan A. James sold 3,600 shares of the business’s stock in a transaction that occurred 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 directly owns 29,498 shares in the company, valued at approximately $2,798,475.26. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Gregory G. Montana sold 58,547 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $92.54, for a total transaction of $5,417,939.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,147 shares of company stock valued at $7,366,481. Company insiders own 2.66% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in FIS. Meritage Group LP bought a new stake in shares of Fidelity National Information Servcs in the 3rd quarter worth approximately $303,878,000. BlackRock Inc. lifted its holdings in shares of Fidelity National Information Servcs by 4.1% in the 4th quarter. BlackRock Inc. now owns 23,023,845 shares of the information technology services provider’s stock worth $2,166,312,000 after acquiring an additional 902,343 shares during the last quarter. Findlay Park Partners LLP raised its holdings in Fidelity National Information Servcs by 75.0% during the 3rd quarter. Findlay Park Partners LLP now owns 1,750,000 shares of the information technology services provider’s stock valued at $163,433,000 after buying an additional 750,000 shares during the last quarter. Longview Partners Guernsey LTD raised its holdings in Fidelity National Information Servcs by 5.5% during the 3rd quarter. Longview Partners Guernsey LTD now owns 10,025,942 shares of the information technology services provider’s stock valued at $936,323,000 after buying an additional 521,300 shares during the last quarter. Finally, Renaissance Group LLC bought a new stake in Fidelity National Information Servcs during the 4th quarter valued at $30,716,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.
Fidelity National Information Servcs (NYSE:FIS) traded up $2.29 during mid-day trading on Thursday, reaching $95.03. 2,556,628 shares of the company’s stock were exchanged, compared to its average volume of 1,779,409. The company has a current ratio of 0.92, a quick ratio of 1.25 and a debt-to-equity ratio of 0.71. Fidelity National Information Servcs has a fifty-two week low of $78.89 and a fifty-two week high of $103.65. The stock has a market cap of $31,727.48, a PE ratio of 21.50, a PEG ratio of 1.53 and a beta of 0.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.35%. This is a positive change from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, March 15th. Fidelity National Information Servcs’s payout ratio is presently 29.59%.
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Fidelity National Information Servcs 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.
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