Fidelity National Information Services Price Target Raised to $50.00 at Deutsche Bank (FIS)
Equities research analysts at Deutsche Bank increased their price target on shares of Fidelity National Information Services (NYSE:FIS) from $44.00 to $50.00 in a research note issued to investors on Wednesday, Analyst Ratings News reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target suggests a potential upside of 1.48% from the company’s current price.
A number of other firms have also recently commented on FIS. Analysts at RBC Capital reiterated a “hold” rating on shares of Fidelity National Information Services in a research note to investors on Wednesday, October 16th. They now have a $17.00 price target on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Fidelity National Information Services from $47.00 to $53.00 in a research note to investors on Wednesday, October 16th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Fidelity National Information Services in a research note to investors on Tuesday, October 8th. They now have a $48.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $44.87.
Shares of Fidelity National Information Services (NYSE:FIS) traded down 0.81% on Wednesday, hitting $48.87. The stock had a trading volume of 1,126,745 shares. Fidelity National Information Services has a 1-year low of $30.76 and a 1-year high of $47.73. The stock has a 50-day moving average of $45.4 and a 200-day moving average of $42.86. The company has a market cap of $14.275 billion and a P/E ratio of 30.81.
Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.03. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company posted $0.63 earnings per share. Fidelity National Information Services’s revenue was up 4.5% compared to the same quarter last year. Analysts expect that Fidelity National Information Services will post $2.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 30th. Shareholders of record on Monday, December 16th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 12th.
Fidelity National Information Services, Inc (NYSE:FIS) is a global provider of banking and payments technologies.
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