Equities analysts expect Fidelity National Information Services, Inc. (NYSE:FIS) to announce earnings of $1.25 per share for the current quarter, Zacks reports. Twelve analysts have provided estimates for Fidelity National Information Services’ earnings. The highest EPS estimate is $1.27 and the lowest is $1.23. Fidelity National Information Services posted earnings of $1.28 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 2.3%. The business is scheduled to announce its next quarterly earnings report before the market opens on Thursday, May 6th.

On average, analysts expect that Fidelity National Information Services will report full-year earnings of $6.34 per share for the current fiscal year, with EPS estimates ranging from $6.22 to $6.47. For the next fiscal year, analysts forecast that the business will report earnings of $7.35 per share, with EPS estimates ranging from $7.06 to $7.63. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Fidelity National Information Services.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, February 8th. The information technology services provider reported $1.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.06. Fidelity National Information Services had a negative net margin of 0.83% and a positive return on equity of 6.88%. The company had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the firm earned $1.57 earnings per share. Fidelity National Information Services’s revenue was down .8% on a year-over-year basis.

Several brokerages recently issued reports on FIS. Mizuho raised their target price on shares of Fidelity National Information Services from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley lifted their target price on shares of Fidelity National Information Services from $138.00 to $149.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 28th. Oppenheimer lowered their target price on shares of Fidelity National Information Services from $167.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 2nd. TheStreet upgraded shares of Fidelity National Information Services from a “c” rating to a “b-” rating in a report on Friday, March 12th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Fidelity National Information Services in a report on Wednesday, January 27th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $161.04.

In related news, EVP Marc M. Mayo sold 27,409 shares of the stock in a transaction on Thursday, April 8th. The shares were sold at an average price of $150.00, for a total transaction of $4,111,350.00. Following the completion of the sale, the executive vice president now owns 57,889 shares in the company, valued at approximately $8,683,350. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Asif Ramji sold 29,992 shares of the firm’s stock in a transaction on Tuesday, March 2nd. The stock was sold at an average price of $138.32, for a total transaction of $4,148,493.44. In the last quarter, insiders have sold 266,892 shares of company stock valued at $38,224,223. 0.70% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Mission Wealth Management LP lifted its stake in shares of Fidelity National Information Services by 28.3% in the 4th quarter. Mission Wealth Management LP now owns 2,786 shares of the information technology services provider’s stock worth $394,000 after acquiring an additional 615 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Fidelity National Information Services by 9.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 57,513 shares of the information technology services provider’s stock valued at $8,136,000 after purchasing an additional 5,120 shares during the period. JJJ Advisors Inc. lifted its stake in shares of Fidelity National Information Services by 68.7% in the fourth quarter. JJJ Advisors Inc. now owns 307 shares of the information technology services provider’s stock valued at $43,000 after purchasing an additional 125 shares during the period. Steel Peak Wealth Management LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $1,108,000. Finally, Xponance Inc. lifted its stake in shares of Fidelity National Information Services by 7.3% in the fourth quarter. Xponance Inc. now owns 26,965 shares of the information technology services provider’s stock valued at $3,814,000 after purchasing an additional 1,824 shares during the period. Institutional investors own 90.53% of the company’s stock.

Shares of FIS traded down $1.43 on Tuesday, hitting $150.46. 3,216,539 shares of the stock traded hands, compared to its average volume of 3,821,395. The company has a market capitalization of $93.60 billion, a PE ratio of -843.83, a P/E/G ratio of 1.32 and a beta of 0.81. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. The business has a 50 day simple moving average of $148.10 and a 200 day simple moving average of $140.95. Fidelity National Information Services has a one year low of $120.17 and a one year high of $156.73.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 25th. Investors of record on Friday, June 11th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, June 10th. Fidelity National Information Services’s dividend payout ratio is currently 27.81%.

Fidelity National Information Services announced that its Board of Directors has authorized a share buyback program on Monday, February 1st that allows the company to buyback 100,000,000 shares. This buyback authorization allows the information technology services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

About Fidelity National Information Services

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

Featured Article: What is the price-to-earnings growth (PEG) ratio?

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

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

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

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