Fidelity National Information Servcs (NYSE:FIS) Announces Earnings Results

Fidelity National Information Servcs (NYSE:FIS) released its earnings results on Thursday. The information technology services provider reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.04, Bloomberg Earnings reports. Fidelity National Information Servcs had a net margin of 8.24% and a return on equity of 12.07%. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period last year, the company posted $1.60 EPS. The business’s revenue was up 54.2% on a year-over-year basis.

NYSE FIS traded up $6.36 on Thursday, reaching $154.32. The stock had a trading volume of 7,090,246 shares, compared to its average volume of 3,141,540. The firm has a market capitalization of $92.18 billion, a price-to-earnings ratio of 72.79, a P/E/G ratio of 2.66 and a beta of 0.63. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.34. Fidelity National Information Servcs has a 12-month low of $104.73 and a 12-month high of $156.82. The stock has a fifty day moving average price of $144.42 and a two-hundred day moving average price of $136.71.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, March 12th. Fidelity National Information Servcs’s payout ratio is 26.77%.

In other Fidelity National Information Servcs news, EVP Marc M. Mayo sold 18,086 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $150.00, for a total value of $2,712,900.00. Following the sale, the executive vice president now owns 23,288 shares of the company’s stock, valued at $3,493,200. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James B. Stallings, Jr. sold 782 shares of the business’s stock in a transaction that occurred on 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 approximately $998,091.60. The disclosure for this sale can be found here. In the last three months, insiders sold 36,952 shares of company stock worth $5,351,755. 1.43% of the stock is owned by corporate insiders.

A number of research firms have weighed in on FIS. Raymond James raised their target price on shares of Fidelity National Information Servcs from $157.00 to $179.00 and gave the stock a “strong-buy” rating in a research note on Monday. ValuEngine raised shares of Fidelity National Information Servcs from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Morgan Stanley began coverage on shares of Fidelity National Information Servcs in a research note on Monday, December 16th. They issued an “equal weight” rating and a $146.00 target price on the stock. Moffett Nathanson lowered shares of Fidelity National Information Servcs from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 7th. Finally, Robert W. Baird lifted their price target on shares of Fidelity National Information Servcs from $162.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $154.90.

About Fidelity National Information Servcs

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 for Fidelity National Information Servcs (NYSE:FIS)

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