Fidelity National Information Servcs Inc (NYSE:FIS) Receives $152.28 Consensus Price Target from Analysts
Shares of Fidelity National Information Servcs Inc (NYSE:FIS) have received a consensus recommendation of “Buy” from the twenty-one analysts that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $143.61.
FIS has been the topic of several research reports. Bank of America raised their price objective on shares of Fidelity National Information Servcs from $139.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Oppenheimer set a $148.00 price objective on shares of Fidelity National Information Servcs and gave the stock a “buy” rating in a research report on Wednesday, August 7th. ValuEngine downgraded shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Berenberg Bank set a $171.00 target price on shares of Fidelity National Information Servcs and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Cantor Fitzgerald lifted their target price on shares of Fidelity National Information Servcs from $134.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, August 8th.
In related news, Director James B. Stallings, Jr. sold 1,240 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $122.55, for a total value of $151,962.00. Following the completion of the sale, the director now owns 8,370 shares in the company, valued at $1,025,743.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary L. Lauer sold 9,981 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $135.77, for a total transaction of $1,355,120.37. Following the completion of the sale, the director now owns 18,621 shares of the company’s stock, valued at approximately $2,528,173.17. The disclosure for this sale can be found here. 1.43% of the stock is owned by insiders.
Fidelity National Information Servcs stock traded down $3.84 during midday trading on Wednesday, hitting $131.01. 2,544,824 shares of the company’s stock were exchanged, compared to its average volume of 3,626,820. Fidelity National Information Servcs has a 12-month low of $94.53 and a 12-month high of $137.24. The company has a debt-to-equity ratio of 1.67, a quick ratio of 3.00 and a current ratio of 3.00. The stock has a market cap of $42.91 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 1.90 and a beta of 0.64. The business has a 50 day moving average price of $129.86.
Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.78. Fidelity National Information Servcs had a net margin of 8.97% and a return on equity of 20.66%. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the firm posted $1.23 EPS. Fidelity National Information Servcs’s revenue for the quarter was up .3% on a year-over-year basis. Research analysts anticipate that Fidelity National Information Servcs will post 6.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, September 12th. Fidelity National Information Servcs’s payout ratio is 26.77%.
About Fidelity National Information Servcs
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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