FY2019 Earnings Forecast for Fidelity National Information Servcs Inc Issued By Oppenheimer (NYSE:FIS)

Fidelity National Information Servcs Inc (NYSE:FIS) – Equities research analysts at Oppenheimer issued their FY2019 earnings per share estimates for shares of Fidelity National Information Servcs in a research report issued on Tuesday, November 5th. Oppenheimer analyst G. Greene anticipates that the information technology services provider will post earnings per share of $5.54 for the year. Oppenheimer has a “Buy” rating and a $148.00 price objective on the stock. Oppenheimer also issued estimates for Fidelity National Information Servcs’ Q4 2019 earnings at $1.51 EPS, Q1 2020 earnings at $1.44 EPS, Q2 2020 earnings at $1.56 EPS, Q3 2020 earnings at $1.56 EPS, Q4 2020 earnings at $1.68 EPS, FY2020 earnings at $6.24 EPS and FY2021 earnings at $7.28 EPS.

Other equities research analysts have also recently issued research reports about the stock. Wedbush set a $150.00 price target on shares of Fidelity National Information Servcs and gave the stock an “outperform” rating in a report on Wednesday, August 7th. ValuEngine raised shares of Fidelity National Information Servcs from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Royal Bank of Canada lifted their price target on shares of Fidelity National Information Servcs from $146.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday. Barclays set a $147.00 target price on shares of Fidelity National Information Servcs and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Berenberg Bank set a $171.00 target price on shares of Fidelity National Information Servcs and gave the company a “buy” rating in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $148.38.

NYSE:FIS opened at $130.69 on Friday. The company has a current ratio of 0.86, a quick ratio of 3.00 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $81.09 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.68 and a beta of 0.63. The firm’s 50 day moving average is $130.98 and its 200 day moving average is $127.44. Fidelity National Information Servcs has a 12 month low of $94.53 and a 12 month high of $141.35.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Fidelity National Information Servcs had a net margin of 8.24% and a return on equity of 12.07%. Fidelity National Information Servcs’s revenue was up 35.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 EPS.

A number of large investors have recently made changes to their positions in FIS. First PREMIER Bank purchased a new position in Fidelity National Information Servcs in the third quarter worth $25,000. Hall Laurie J Trustee purchased a new position in Fidelity National Information Servcs in the third quarter worth $25,000. Ironwood Financial llc purchased a new position in Fidelity National Information Servcs in the third quarter worth $25,000. Lenox Wealth Management Inc. purchased a new position in Fidelity National Information Servcs in the third quarter worth $25,000. Finally, First Financial Corp IN purchased a new position in Fidelity National Information Servcs in the third quarter worth $28,000. Institutional investors own 92.69% of the company’s stock.

In other news, Director Charles Drucker sold 62,816 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $134.22, for a total transaction of $8,431,163.52. Following the completion of the transaction, the director now directly owns 533,516 shares in the company, valued at approximately $71,608,517.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James W. Woodall sold 100,499 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $133.76, for a total transaction of $13,442,746.24. Following the transaction, the chief financial officer now owns 157,497 shares of the company’s stock, valued at $21,066,798.72. The disclosure for this sale can be found here. Insiders have sold a total of 321,756 shares of company stock valued at $43,162,570 over the last 90 days. Company insiders own 1.43% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.07%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is currently 26.77%.

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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