Fidelity National Information Services Hits New 1-Year High on Better-Than-Expected Earnings (FIS)
Fidelity National Information Services (NYSE:FIS) reached a new 52-week high on Wednesday following a better than expected earnings announcement, AnalystRatingsNetwork reports. The stock traded as high as $57.07 and last traded at $57.02, with a volume of 1,742,429 shares. The stock had previously closed at $56.35.
The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, September 12th.
Several analysts have recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Fidelity National Information Services from $49.00 to $55.00 in a research note on Tuesday, July 15th. Separately, analysts at Citigroup Inc. raised their price target on shares of Fidelity National Information Services from $61.00 to $63.00 in a research note on Monday, July 7th. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Fidelity National Information Services from a “neutral” rating to an “outperform” rating in a research note on Friday, June 20th. They now have a $65.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Fidelity National Information Services currently has a consensus rating of “Buy” and an average price target of $54.80.
The stock’s 50-day moving average is $55.32 and its 200-day moving average is $53.89. The company has a market cap of $16.410 billion and a P/E ratio of 32.82.
Fidelity National Information Services, Inc (NYSE:FIS) is a global provider of banking and payments technologies.
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