Research Analysts Offer Predictions for Fidelity National Information Servcs Inc’s Q1 2020 Earnings (NYSE:FIS)

Fidelity National Information Servcs Inc (NYSE:FIS) – Stock analysts at SunTrust Banks cut their Q1 2020 EPS estimates for Fidelity National Information Servcs in a research note issued to investors on Tuesday, February 11th. SunTrust Banks analyst A. Jeffrey now forecasts that the information technology services provider will post earnings of $1.39 per share for the quarter, down from their prior forecast of $1.50. SunTrust Banks has a “Hold” rating and a $155.00 price objective on the stock. SunTrust Banks also issued estimates for Fidelity National Information Servcs’ Q3 2020 earnings at $1.62 EPS and Q4 2020 earnings at $1.79 EPS.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings data on Thursday, February 13th. The information technology services provider reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.04. The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Information Servcs had a return on equity of 12.07% and a net margin of 8.24%. Fidelity National Information Servcs’s revenue was up 54.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 earnings per share.

FIS has been the topic of a number of other research reports. ValuEngine upgraded Fidelity National Information Servcs from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Cantor Fitzgerald increased their target price on Fidelity National Information Servcs from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday. Morgan Stanley increased their target price on Fidelity National Information Servcs from $146.00 to $157.00 and gave the company an “equal weight” rating in a research note on Friday. Credit Suisse Group started coverage on Fidelity National Information Servcs in a research note on Thursday, January 23rd. They set an “outperform” rating and a $170.00 price objective on the stock. Finally, Citigroup raised their price objective on Fidelity National Information Servcs from $169.00 to $178.00 and gave the company a “buy” rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $160.82.

NYSE:FIS opened at $157.44 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.86 and a quick ratio of 0.86. Fidelity National Information Servcs has a 1 year low of $104.73 and a 1 year high of $158.21. The company has a market cap of $92.18 billion, a P/E ratio of 74.26, a P/E/G ratio of 2.66 and a beta of 0.63. The stock’s fifty day moving average price is $144.42 and its two-hundred day moving average price is $136.71.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a $0.35 dividend. The ex-dividend date is Thursday, March 12th. This represents a $1.40 annualized dividend and a dividend yield of 0.89%. Fidelity National Information Servcs’s payout ratio is presently 26.77%.

In other Fidelity National Information Servcs news, Director James B. Stallings, Jr. sold 782 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $136.95, for a total value of $107,094.90. Following the completion of the sale, the director now directly owns 7,288 shares in the company, valued at $998,091.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marc M. Mayo sold 18,084 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $140.00, for a total transaction of $2,531,760.00. Following the completion of the sale, the executive vice president now owns 23,202 shares of the company’s stock, valued at $3,248,280. The disclosure for this sale can be found here. Insiders sold 36,952 shares of company stock valued at $5,351,755 over the last 90 days. 1.43% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Financial Counselors Inc. lifted its holdings in shares of Fidelity National Information Servcs by 1.8% during the fourth quarter. Financial Counselors Inc. now owns 4,335 shares of the information technology services provider’s stock valued at $603,000 after purchasing an additional 76 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of Fidelity National Information Servcs by 2.5% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 3,277 shares of the information technology services provider’s stock valued at $456,000 after purchasing an additional 80 shares during the last quarter. Lido Advisors LLC lifted its holdings in shares of Fidelity National Information Servcs by 1.5% during the fourth quarter. Lido Advisors LLC now owns 5,515 shares of the information technology services provider’s stock valued at $767,000 after purchasing an additional 81 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Fidelity National Information Servcs by 3.5% during the third quarter. Parkside Financial Bank & Trust now owns 2,395 shares of the information technology services provider’s stock valued at $318,000 after purchasing an additional 82 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA lifted its holdings in shares of Fidelity National Information Servcs by 17.7% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 553 shares of the information technology services provider’s stock valued at $77,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 90.07% of the company’s stock.

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

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