Fidelity National Information Services Hits New 12-Month High at $57.31 (FIS)
Fidelity National Information Services (NYSE:FIS) hit a new 52-week high on Tuesday , Analyst Ratings News reports. The stock traded as high as $57.31 and last traded at $57.14, with a volume of 633,280 shares traded. The stock had previously closed at $56.68.
A number of analysts have recently weighed in on FIS shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Fidelity National Information Services in a research note on Wednesday, August 13th. They now have a $63.00 price target on the stock, up previously from $57.00. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $60.00.
The stock has a 50-day moving average of $55.88 and a 200-day moving average of $54.24. The company has a market cap of $16.243 billion and a price-to-earnings ratio of 28.68.
Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, July 29th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue 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 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 1.69%. 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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