Fidelity National Information Servcs Inc (FIS) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Fidelity National Information Servcs Inc (NYSE:FIS) have been assigned a consensus recommendation of “Buy” from the fourteen research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $115.78.
Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Cantor Fitzgerald upped their price target on shares of Fidelity National Information Servcs to $117.00 and gave the company an “overweight” rating in a report on Wednesday, August 1st. ValuEngine cut shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Wolfe Research initiated coverage on shares of Fidelity National Information Servcs in a report on Tuesday, July 17th. They issued an “outperform” rating for the company.
In related news, Director James B. Stallings, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $107.23, for a total transaction of $160,845.00. Following the transaction, the director now directly owns 10,817 shares of the company’s stock, valued at $1,159,906.91. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David K. Hunt sold 17,922 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $106.38, for a total transaction of $1,906,542.36. Following the transaction, the director now directly owns 24,989 shares in the company, valued at $2,658,329.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,707 shares of company stock worth $2,521,597. 2.08% of the stock is owned by insiders.
Fidelity National Information Servcs stock opened at $110.12 on Friday. The company has a market capitalization of $36.01 billion, a PE ratio of 24.91, a P/E/G ratio of 1.74 and a beta of 0.94. Fidelity National Information Servcs has a twelve month low of $89.31 and a twelve month high of $110.25. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.84.
Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings results on Tuesday, July 31st. The information technology services provider reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.02. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Fidelity National Information Servcs had a net margin of 16.59% and a return on equity of 15.42%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 earnings per share. equities research analysts predict that Fidelity National Information Servcs will post 5.23 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Thursday, September 13th. Fidelity National Information Servcs’s dividend payout ratio is 28.96%.
Fidelity National Information Servcs Company Profile
Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.
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