Somewhat Positive Media Coverage Somewhat Unlikely to Affect Fidelity National Information Services (NYSE:FIS) Stock Price
Media stories about Fidelity National Information Services (NYSE:FIS) have trended somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fidelity National Information Services earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave media stories about the information technology services provider an impact score of 45.7239230087707 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
- That Once-Troubled SunGard LBO Shines In Its New Home – Bloomberg (bloomberg.com)
- Fidelity National Information Services, Inc. Forecasted to Earn FY2017 Earnings of $4.28 Per Share (FIS) (americanbankingnews.com)
- Fidelity National Information Services, Inc. (FIS) Upgraded at BidaskClub (newstrendstoday.com)
- Fidelity National Information Services, Inc. (NYSE:FIS) Vs. Industry Vs. Sector Growth Analysis – The Newburgh Press (newburghpress.com)
A number of research analysts recently weighed in on the stock. Barclays PLC reissued an “overweight” rating and set a $102.00 price target (up from $94.00) on shares of Fidelity National Information Services in a research report on Wednesday. BidaskClub lowered shares of Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. BMO Capital Markets raised their price target on shares of Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Cowen and Company reissued a “buy” rating and set a $97.00 price target on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Finally, Stephens reissued a “positive” rating and set a $101.00 price target (up from $93.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $92.20.
Shares of Fidelity National Information Services (NYSE:FIS) opened at 89.39 on Thursday. Fidelity National Information Services has a 12 month low of $73.25 and a 12 month high of $92.78. The firm has a 50-day moving average of $87.99 and a 200 day moving average of $83.57. The company has a market cap of $29.50 billion, a price-to-earnings ratio of 44.81 and a beta of 0.84.
Fidelity National Information Services (NYSE:FIS) last released its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.05. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS. On average, analysts expect that Fidelity National Information Services will post $4.28 earnings per share for the current year.
Fidelity National Information Services announced that its Board of Directors has initiated a share repurchase plan on Wednesday, August 2nd that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the information technology services provider to repurchase up to 13.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 58.00%.
In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 1,000 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $85.39, for a total transaction of $85,390.00. Following the completion of the sale, the director now directly owns 14,498 shares of the company’s stock, valued at approximately $1,237,984.22. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frank R. Martire sold 400,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $90.34, for a total transaction of $36,136,000.00. Following the sale, the director now directly owns 202,517 shares of the company’s stock, valued at $18,295,385.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 403,181 shares of company stock valued at $36,418,378. Insiders own 2.66% of the company’s stock.
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About Fidelity National Information Services
Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.
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