Fidelity National Information Services Given Average Recommendation of “Buy” by Analysts (NYSE:FIS)
Shares of Fidelity National Information Services (NYSE:FIS) have received an average rating of “Buy” from the twelve analysts that are presently covering the stock, AnalystRatingsNetwork reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $59.10.
Shares of Fidelity National Information Services (NYSE:FIS) traded down 0.02% during mid-day trading on Monday, hitting $56.09. 166,455 shares of the company’s stock traded hands. Fidelity National Information Services has a 52-week low of $44.06 and a 52-week high of $57.07. The stock’s 50-day moving average is $55.50 and its 200-day moving average is $53.96. The company has a market cap of $16.014 billion and a price-to-earnings ratio of 28.39.
Fidelity National Information Services (NYSE:FIS) last announced its 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. On average, analysts predict that Fidelity National Information Services will post $3.10 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders 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 1.71%. The ex-dividend date is Friday, September 12th.
FIS has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Fidelity National Information Services from $56.00 to $60.00 in a research note on Thursday. Separately, 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. Finally, 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.
Fidelity National Information Services, Inc (NYSE:FIS) is a global provider of banking and payments technologies.
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