Fidelity National Information Services Given New $53.00 Price Target at Evercore Partners (FIS)
Stock analysts at Evercore Partners lifted their price objective on shares of Fidelity National Information Services (NYSE:FIS) from $47.00 to $53.00 in a report issued on Wednesday, American Banking News reports. The firm currently has an “overweight” rating on the stock. Evercore Partners’ target price would indicate a potential upside of 12.98% from the company’s current price.
FIS has been the subject of a number of other recent research reports. Analysts at SunTrust upgraded shares of Fidelity National Information Services (NYSE:FIS) from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 9th. They now have a $52.00 price target on the stock, up previously from $47.00. Separately, analysts at RBC Capital initiated coverage on shares of Fidelity National Information Services (NYSE:FIS) in a research note to investors on Wednesday, August 7th. They set a “sector perform” rating and a $17.00 price target on the stock. Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of Fidelity National Information Services (NYSE:FIS) in a research note to investors on Wednesday, July 31st. They now have a $52.00 price target on the stock.
One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $43.86.
Shares of Fidelity National Information Services (NYSE:FIS) traded up 0.13% during mid-day trading on Wednesday, hitting $46.91. The stock had a trading volume of 948,532 shares. Fidelity National Information Services has a 52-week low of $30.76 and a 52-week high of $47.73. The stock has a 50-day moving average of $45.53 and a 200-day moving average of $43.08. The company has a market cap of $13.703 billion and a P/E ratio of 29.30.
Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, July 30th. The company reported $0.57 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.70 by $0.13. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts predict that Fidelity National Information Services will post $2.83 earnings per share for the current fiscal year.
In other Fidelity National Information Services news, COO Gary Norcross sold 293,207 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $44.92, for a total transaction of $13,170,858.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Fidelity National Information Services, Inc (NYSE:FIS) is a global provider of banking and payments technologies.
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