Fidelity National Information Services PT Raised to $56.00 (FIS)
Equities researchers at Evercore Partners hoisted their price target on shares of Fidelity National Information Services (NYSE:FIS) from $53.00 to $56.00 in a research report issued on Wednesday, AR Network reports. The firm currently has an “overweight” rating on the stock. Evercore Partners’ price target points to a potential upside of 15.35% from the stock’s previous close.
Shares of Fidelity National Information Services (NYSE:FIS) traded down 0.41% on Wednesday, hitting $48.55. The stock had a trading volume of 1,019,193 shares. Fidelity National Information Services has a 52 week low of $32.80 and a 52 week high of $49.63. The stock has a 50-day moving average of $46.87 and a 200-day moving average of $44.85. The company has a market cap of $14.182 billion and a P/E ratio of 30.49.
Fidelity National Information Services (NYSE:FIS) last released its earnings data on Tuesday, October 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts predict that Fidelity National Information Services will post $2.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Thursday, December 12th.
A number of other analysts have also recently weighed in on FIS. Analysts at Oppenheimer reiterated a “buy” rating on shares of Fidelity National Information Services in a research note to investors on Wednesday. They now have a $53.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Fidelity National Information Services from $44.00 to $50.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $45.40.
Fidelity National Information Services, Inc (NYSE:FIS) is a global provider of banking and payments technologies.
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