Fidelity National Information Services Inc. (FIS) Sets New 52-Week High at $81.67
Fidelity National Information Services Inc. (NYSE:FIS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $81.67 and last traded at $80.36, with a volume of 843,402 shares changing hands. The stock had previously closed at $80.44.
A number of equities analysts have issued reports on the stock. Stephens reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Fidelity National Information Services in a research note on Wednesday, July 27th. Deutsche Bank AG raised their price objective on shares of Fidelity National Information Services from $72.00 to $80.00 and gave the company a “hold” rating in a research note on Wednesday, July 27th. Royal Bank Of Canada raised their price objective on shares of Fidelity National Information Services from $80.00 to $89.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. JPMorgan Chase & Co. lifted their price target on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 27th. Finally, Barclays PLC lifted their price target on shares of Fidelity National Information Services from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 27th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $84.84.
The stock has a market cap of $26.30 billion and a P/E ratio of 54.829. The firm has a 50-day moving average of $79.24 and a 200-day moving average of $71.07.
Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.03. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter last year, the company earned $0.74 earnings per share. The company’s quarterly revenue was up 49.0% compared to the same quarter last year. Equities research analysts predict that Fidelity National Information Services Inc. will post $3.82 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Wednesday, September 14th.
In other news, Director James B. Stallings, Jr. sold 1,038 shares of the stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $72.26, for a total transaction of $75,005.88. Following the completion of the sale, the director now directly owns 7,771 shares in the company, valued at $561,532.46. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael P. Oates sold 86,571 shares of the stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $73.26, for a total transaction of $6,342,191.46. Following the sale, the executive vice president now owns 198,585 shares of the company’s stock, valued at $14,548,337.10. The disclosure for this sale can be found here.
Fidelity National Information Services, Inc (FIS) is a financial services technology company. 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.