Fidelity National Information Services (FIS) Scheduled to Post Earnings on Tuesday

Fidelity National Information Services (NYSE:FISGet Rating) is scheduled to release its earnings data before the market opens on Tuesday, May 3rd. Analysts expect Fidelity National Information Services to post earnings of $1.46 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Fidelity National Information Services (NYSE:FISGet Rating) last released its earnings results on Tuesday, February 15th. The information technology services provider reported $1.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.03. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.70 billion. Fidelity National Information Services had a return on equity of 8.50% and a net margin of 3.01%. Fidelity National Information Services’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.62 earnings per share. On average, analysts expect Fidelity National Information Services to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Shares of FIS opened at $99.22 on Tuesday. The business has a 50-day simple moving average of $97.33 and a two-hundred day simple moving average of $107.44. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.31. Fidelity National Information Services has a 52 week low of $85.00 and a 52 week high of $155.96. The stock has a market cap of $60.60 billion, a price-to-earnings ratio of 145.91, a PEG ratio of 1.04 and a beta of 0.74.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, June 10th will be paid a dividend of $0.47 per share. The ex-dividend date is Thursday, June 9th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.89%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 276.47%.

A number of hedge funds have recently modified their holdings of the business. Deutsche Bank AG boosted its holdings in shares of Fidelity National Information Services by 48.8% in the 4th quarter. Deutsche Bank AG now owns 2,532,086 shares of the information technology services provider’s stock worth $276,377,000 after purchasing an additional 830,885 shares during the period. Parametric Portfolio Associates LLC lifted its position in Fidelity National Information Services by 2.0% in the fourth quarter. Parametric Portfolio Associates LLC now owns 1,860,837 shares of the information technology services provider’s stock worth $203,110,000 after buying an additional 37,380 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Fidelity National Information Services by 600.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 362,481 shares of the information technology services provider’s stock worth $39,796,000 after buying an additional 310,704 shares during the period. Glenmede Trust Co. NA increased its position in Fidelity National Information Services by 85.5% during the fourth quarter. Glenmede Trust Co. NA now owns 39,487 shares of the information technology services provider’s stock valued at $4,308,000 after acquiring an additional 18,198 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Fidelity National Information Services by 16.1% in the fourth quarter. NewEdge Advisors LLC now owns 13,777 shares of the information technology services provider’s stock valued at $1,503,000 after acquiring an additional 1,910 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

A number of equities analysts have weighed in on FIS shares. Morgan Stanley dropped their price target on shares of Fidelity National Information Services from $134.00 to $113.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 16th. Citigroup cut their price target on Fidelity National Information Services from $138.00 to $130.00 in a research note on Monday. Exane BNP Paribas upgraded Fidelity National Information Services from a “neutral” rating to an “outperform” rating and set a $138.00 price objective on the stock in a research report on Monday, January 10th. Credit Suisse Group cut their target price on Fidelity National Information Services from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, February 16th. Finally, William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 15th. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services presently has a consensus rating of “Buy” and a consensus target price of $137.36.

About Fidelity National Information Services (Get Rating)

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 enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

See Also

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

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