Revenue Update on Fidelity National Information Services(NYSE:FIS)

Fidelity National Information Services(NYSE:FIS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $2.36B. Analysts estimated a revenue of $2.33B. Earnings per share were $0.90. Analysts had estimated an EPS of $0.87.

In a different note, On May 11, 2016, Sterne Agee CRT said it Upgrades its rating on Fidelity National Information Services. The shares have been rated ‘Buy’ by the firm. On May 9, 2016, Jefferies said it Upgrades its rating on Fidelity National Information Services. In the research note, the firm Raises the price-target to $72.00 per share. The shares have been rated ‘Buy’ by the firm. On May 3, 2016, Goldman Sachs said it Maintains its rating on Fidelity National Information Services. In the research note, the firm Raises the price-target to $76.00 per share. The shares have been rated ‘Buy’ by the firm.

Fidelity National Information Services (FIS) shares turned negative on Fridays trading session with the shares closing down -0.83 points or -1.03% at a volume of 18,90,454. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $80.49. The peak price level was also seen at $80.49 while the days lowest was $79.33. Finally the shares closed at $79.53. The 52-week high of the shares is $81.41 while the 52-week low is $55.105. According to the latest information available, the market cap of the company is $25,963 M.

Fidelity National Information Services has also declared a cash dividend of $0.2600 on Jul 25, 2016. The shares will quote ex-dividend on Sep 14, 2016 and the record date has been fixed on Sep 16, 2016. The dividend payable date has been fixed on Sep 30, 2016.

Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, James B Jr Stallings (director) sold 1,038 shares at $72.26 per share price.Also, 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.

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