Trading Report: The Fidelity National Information Services Inc. (FIS) to Release Quarterly Earnings on Tuesday

The Fidelity National Information Services Inc. (FIS) to Release Quarterly Earnings on Tuesday

Fidelity National Information Services Inc. (NYSE:FIS) will be posting its Q316 quarterly earnings results on Tuesday, November 1st. Analysts expect Fidelity National Information Services to post earnings of ($0.45) per share and revenue of $2.41 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Shares of Fidelity National Information Services Inc. (NYSE:FIS) opened at 74.37 on Monday. The firm’s 50-day moving average is $76.48 and its 200 day moving average is $75.00. Fidelity National Information Services Inc. has a one year low of $55.11 and a one year high of $81.67. The firm has a market capitalization of $24.38 billion, a P/E ratio of 50.83 and a beta of 0.82.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Wednesday, December 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 68.87%.

In other news, Director Keith W. Hughes sold 10,133 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $80.05, for a total transaction of $811,146.65. Following the transaction, the director now directly owns 33,158 shares of the company’s stock, valued at $2,654,297.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Anthony M. Jabbour sold 145,000 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $75.89, for a total value of $11,004,050.00. Following the transaction, the chief operating officer now directly owns 301,754 shares in the company, valued at $22,900,111.06. The disclosure for this sale can be found here. Insiders own 2.29% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Point72 Asia Hong Kong Ltd raised its position in shares of Fidelity National Information Services by 800.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,800 shares of the company’s stock worth $133,000 after buying an additional 1,600 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of Fidelity National Information Services during the second quarter worth $207,000. HBK Sorce Advisory LLC purchased a new position in shares of Fidelity National Information Services during the second quarter worth $208,000. Laurel Wealth Advisors Inc. purchased a new position in shares of Fidelity National Information Services during the second quarter worth $213,000. Finally, Reliance Trust Co. of Delaware raised its position in shares of Fidelity National Information Services by 2.4% in the second quarter. Reliance Trust Co. of Delaware now owns 3,317 shares of the company’s stock worth $245,000 after buying an additional 78 shares during the last quarter. 87.31% of the stock is currently owned by institutional investors.

Several analysts have recently weighed in on FIS shares. Zacks Investment Research cut Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Cantor Fitzgerald started coverage on Fidelity National Information Services in a report on Friday, October 7th. They set a “buy” rating and a $89.00 price target on the stock. Wedbush started coverage on Fidelity National Information Services in a report on Thursday, September 8th. They set an “outperform” rating and a $92.00 price target on the stock. Monness Crespi & Hardt boosted their price target on Fidelity National Information Services from $76.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, July 11th. Finally, Barclays PLC boosted their price target on Fidelity National Information Services from $88.00 to $96.00 and gave the stock an “overweight” rating in a report on Monday, September 26th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $86.11.

Fidelity National Information Services Company Profile

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