Fidelity National Information Services (FIS) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.90 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.87. The company posted revenue of $2364.00 million in the period, compared to analysts expectations of $2326.69 million. The company’s revenue was up 49.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.
Many Wall Street Analysts have commented on Fidelity National Information Services. Company shares were Reiterated by Monness Crespi & Hardt on Jul 11, 2016 to “Buy”, Firm has raised the Price Target to $ 84 from a previous price target of $76 .Fidelity National Information Services was Upgraded by Sterne Agee CRT to ” Buy” on May 11, 2016. Fidelity National Information Services was Upgraded by Jefferies to ” Buy” on May 9, 2016.
Fidelity National Information Services opened for trading at $77.66 and hit $78.04 on the upside on Wednesday, eventually ending the session at $78, with a gain of 1.09% or 0.84 points. The heightened volatility saw the trading volume jump to 15,95,654 shares. Company has a market cap of $25,463 M.
In a different news, on Jun 30, 2016, James B Jr Stallings (director) sold 1,038 shares at $72.26 per share price. According to the SEC, on Jun 28, 2016, James W. Woodall (Corporate EVP – CFO) sold 30,918 shares at $69.19 per share price. On Jun 22, 2016, Michael P Oates (Corp EVP- Chief Admin. Officer) sold 86,571 shares at $73.26 per share price, according to the Form-4 filing with the securities and exchange commission.
Fidelity National Information Services Inc. is a provider of banking and payments technology consulting and outsourcing solutions. The Company operates through four segments: Financial Solutions Group provides services and software to satisfy the processing technology and outsourcing needs of its financial institution clients in North America. Payment Solutions Group provides services and software for the electronic funds transfer card processing item processing bill payment and government payments processing needs of its clients in North America. International Solutions Group offers banking applications channel solutions debit/credit/and prepaid card and merchant services wealth management services item processing and check risk management solutions to financial institutions card issuers commercial enterprises and government operations. Corporate and Other consists of the corporate overhead and costs of leveraged functions that are not allocated to operating segments.