Fidelity National Information Services Receives Consensus Recommendation of “Buy” from Analysts (NYSE:FIS)
Shares of Fidelity National Information Services (NYSE:FIS) have earned a consensus rating of “Buy” from the thirteen ratings firms that are presently covering the company, American Banking News reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $59.73.
Shares of Fidelity National Information Services (NYSE:FIS) opened at 54.86 on Monday. Fidelity National Information Services has a 52-week low of $44.06 and a 52-week high of $57.07. The stock has a 50-day moving average of $55.61 and a 200-day moving average of $54.04. The company has a market cap of $15.663 billion and a P/E ratio of 27.84.
Fidelity National Information Services (NYSE:FIS) last announced its 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 declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors 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 1.75%. The ex-dividend date of this dividend is Friday, September 12th.
FIS has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating in a research note on Thursday. They now have a $58.00 price target on the stock. Separately, analysts at Monness Crespi & Hardt initiated coverage on shares of Fidelity National Information Services in a research note on Wednesday. They set a “buy” rating and a $73.00 price target on the stock. Finally, 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.
Fidelity National Information Services, Inc (NYSE:FIS) is a global provider of banking and payments technologies.
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