Fidelity National Information Servcs (FIS) Hits New 52-Week High Following Analyst Upgrade
Fidelity National Information Servcs Inc (NYSE:FIS)’s share price reached a new 52-week high during trading on Wednesday after Bank of America raised their price target on the stock from $139.00 to $143.00. Bank of America currently has a buy rating on the stock. Fidelity National Information Servcs traded as high as $121.16 and last traded at $120.77, with a volume of 551148 shares changing hands. The stock had previously closed at $120.41.
FIS has been the subject of several other reports. Keefe, Bruyette & Woods assumed coverage on Fidelity National Information Servcs in a research note on Monday, April 8th. They issued an “outperform” rating and a $136.00 target price for the company. Wells Fargo & Co upped their target price on Fidelity National Information Servcs from $117.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Cantor Fitzgerald reiterated a “buy” rating and issued a $122.00 target price on shares of Fidelity National Information Servcs in a research note on Tuesday, April 2nd. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Servcs in a research note on Tuesday, February 12th. Finally, ValuEngine lowered Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $130.47.
In other news, Director Alexandar Navab, Jr. purchased 5,075 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was bought at an average cost of $107.22 per share, for a total transaction of $544,141.50. Following the completion of the purchase, the director now directly owns 5,075 shares of the company’s stock, valued at approximately $544,141.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.43% of the company’s stock.
The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $38.42 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 1.33 and a beta of 0.73.
Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, April 30th. The information technology services provider reported $1.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.07. Fidelity National Information Servcs had a return on equity of 18.68% and a net margin of 9.66%. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The company’s revenue was down .4% compared to the same quarter last year. On average, analysts predict that Fidelity National Information Servcs Inc will post 7.46 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, June 13th. Fidelity National Information Servcs’s payout ratio is 26.77%.
Fidelity National Information Servcs Company Profile (NYSE:FIS)
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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