RBC Capital Increases Fidelity National Information Services Price Target to $60.00 (FIS)
Analysts at RBC Capital boosted their target price on shares of Fidelity National Information Services (NYSE:FIS) from $56.00 to $60.00 in a research report issued to clients and investors on Thursday. RBC Capital’s price objective indicates a potential upside of 6.95% from the stock’s previous close.
A number of other firms have also recently commented on FIS. 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. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $59.10.
Shares of Fidelity National Information Services (NYSE:FIS) traded down 0.53% on Thursday, hitting $56.10. 1,192,393 shares of the company’s stock traded hands. Fidelity National Information Services has a 1-year low of $44.06 and a 1-year high of $57.07. The stock has a 50-day moving average of $55.50 and a 200-day moving average of $53.96. The company has a market cap of $16.017 billion and a price-to-earnings ratio of 28.54.
Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, July 29th. 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. Analysts expect that Fidelity National Information Services will post $3.10 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Friday, September 12th.
Fidelity National Information Services, Inc (NYSE:FIS) is a global provider of banking and payments technologies.
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