Fidelity National Information Servcs (NYSE:FIS) Hits New 12-Month High Following Analyst Upgrade
Fidelity National Information Servcs Inc (NYSE:FIS)’s stock price hit a new 52-week high during trading on Monday after Robert W. Baird raised their price target on the stock from $134.00 to $145.00. Robert W. Baird currently has an outperform rating on the stock. Fidelity National Information Servcs traded as high as $130.00 and last traded at $129.51, with a volume of 119584 shares traded. The stock had previously closed at $129.36.
A number of other equities analysts have also recently issued reports on the stock. Bank of America restated an “underperform” rating and issued a GBX 55 ($0.72) price objective on shares of Lloyds Banking Group in a research report on Tuesday, May 21st. Oppenheimer set a $12.00 price objective on shares of Teva Pharmaceutical Industries and gave the company a “buy” rating in a research report on Wednesday, June 12th. SunTrust Banks decreased their price objective on shares of EOG Resources to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, June 12th. Wedbush set a $30.00 price objective on shares of Aquestive Therapeutics and gave the company a “buy” rating in a research report on Friday, March 22nd. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Fiserv in a research report on Monday, April 8th. They issued a “market perform” rating and a $101.00 price objective on the stock. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $147.76.
In other news, Director James B. Stallings, Jr. sold 1,240 shares of Fidelity National Information Servcs stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $122.55, for a total transaction of $151,962.00. Following the sale, the director now owns 8,370 shares of the company’s stock, valued at approximately $1,025,743.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.43% of the company’s stock.
The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average price of $123.34. The firm has a market capitalization of $42.22 billion, a price-to-earnings ratio of 24.80, a P/E/G ratio of 1.54 and a beta of 0.63.
Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.57 by $0.07. Fidelity National Information Servcs had a net margin of 9.66% and a return on equity of 18.68%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Fidelity National Information Servcs’s quarterly revenue was down .4% on a year-over-year basis. As a group, equities analysts anticipate that Fidelity National Information Servcs Inc will post 7.44 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.08%. The ex-dividend date was Thursday, June 13th. Fidelity National Information Servcs’s payout ratio is currently 26.77%.
About Fidelity National Information Servcs (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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