Fidelity National (FIS) Beats Q3 Earnings on Lower Expenses

Total shares held by institutions as of the most recent company filings are 272,520,353 with a reported 25,052,587 bought and 18,754,665 sold.

After a recent look, shares have been seen 11.29% from the 200-day moving average, and 2.88% from the 50-day moving average.

Heading into the earnings release, covering sell-side analysts have a consensus target price of $101.92 on Fidelity National Information Services, Inc. shares. In the latest earnings report the EPS was $2.00 and is projected to be $4.29 for the current year with 332,412,000 shares now outstanding. Omega Advisors Inc. purchased a new position in shares of Fidelity National Information Services during the first quarter worth about $3,633,000. The stock volatility for the week was 0.79% while for the month was 0.72%. Cowen and Company restated a "buy" rating and issued a $97.00 target price on shares of Fidelity National Information Services in a report on Thursday, August 3rd.

However, Fidelity's activities during the quarter were inadequate to win analysts' confidence. The firm owned 74,713 shares of the company's stock after buying an additional 43,060 shares during the period. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share. Zacks Investment Research upgraded shares of Fidelity National Information Services from a "sell" rating to a "hold" rating in a report on Tuesday, August 1st. The stock exchanged hands with 1,906,045 numbers of shares compared to its average daily volume of 1.19M shares. Fidelity National Information Services's payout ratio is now 71.72%. The stock traded volume of 0.99 million shares during its recent trading session while it's an average volume stands around 1.22 million shares. The past can be an insightful indicator for future performance for a stock.

The biggest institutional shareholders in Fidelity National Information Services, Inc. include Vanguard Group Inc which owns 23 million shares in the company valued at $1.93 B million. The company's quarterly revenue was up 46.2% on a year-over-year basis. FIS stock is a part of Information Technology Services industry and belongs to Technology sector.

EPS in next five year years is expected to touch 12.33% while EPS growth in past 5 year was 1.80% along with sales growth of 10.40% in the last five years. Also, the consensus estimate for overall revenues of $2.2 billion indicates a 3.3% decline from the prior-year quarter. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The Company offers a range of solutions in retail and enterprise banking, payments, capital markets, asset and wealth management, risk and compliance, treasury and insurance, as well as providing financial consulting and outsourcing services.

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