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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.