Fidelity National Information Services Rating Reiterated by JPMorgan Chase & Co. (FIS)
Fidelity National Information Services (NYSE:FIS)‘s stock had its “neutral” rating restated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday. They currently have a $63.00 price objective on the stock, up from their previous price objective of $57.00. JPMorgan Chase & Co.’s price objective suggests a potential upside of 14.03% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 7th. 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, August 6th. 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. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $60.00.
Fidelity National Information Services (NYSE:FIS) traded up 1.27% during mid-day trading on Wednesday, hitting $55.95. 442,593 shares of the company’s stock traded hands. Fidelity National Information Services has a one year low of $44.06 and a one year high of $57.07. The stock has a 50-day moving average of $55.73 and a 200-day moving average of $54.11. The company has a market cap of $15.969 billion and a price-to-earnings ratio of 27.96.
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 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 1.74%. The ex-dividend date is Friday, September 12th.
Fidelity National Information Services, Inc (NYSE:FIS) is a global provider of banking and payments technologies.
Receive News & Ratings for Fidelity National Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services and related companies with Analyst Ratings Network's FREE daily email newsletter.