Fidelity National Information Services Coverage Initiated by Analysts at Monness Crespi & Hardt (FIS)
Investment analysts at Monness Crespi & Hardt began coverage on shares of Fidelity National Information Services (NYSE:FIS) in a note issued to investors on Wednesday. The firm set a “buy” rating and a $73.00 price target on the stock. Monness Crespi & Hardt’s target price would suggest a potential upside of 31.72% from the stock’s previous close.
Shares of Fidelity National Information Services (NYSE:FIS) opened at 55.42 on Wednesday. Fidelity National Information Services has a one year low of $44.06 and a one year high of $57.07. The stock’s 50-day moving average is $55.61 and its 200-day moving average is $54.03. The company has a market cap of $15.822 billion and a price-to-earnings ratio of 28.31.
Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.71 earnings per share. Fidelity National Information Services’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that Fidelity National Information Services will post $3.10 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders 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 1.73%. The ex-dividend date is Friday, September 12th.
FIS has been the subject of a number of other 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, July 31st. 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. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Fidelity National Information Services has an average rating of “Buy” and a consensus target price of $60.36.
Fidelity National Information Services, Inc (NYSE:FIS) is a global provider of banking and payments technologies.
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