Fidelity National Information Services Director Unloads $900,126 in Stock (FIS)
Fidelity National Information Services (NYSE:FIS) Director Keith W. Hughes unloaded 15,800 shares of the company’s stock on the open market in a transaction dated Thursday, August 28th. The stock was sold at an average price of $56.97, for a total transaction of $900,126.00. Following the sale, the director now directly owns 18,524 shares in the company, valued at approximately $1,055,312. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Fidelity National Information Services (NYSE:FIS) traded up 0.07% on Friday, hitting $56.75. The stock had a trading volume of 635,076 shares. Fidelity National Information Services has a 52-week low of $44.18 and a 52-week high of $57.65. The stock has a 50-day moving average of $56.31 and a 200-day moving average of $54.54. The company has a market cap of $16.197 billion and a price-to-earnings ratio of 28.70.
Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data 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. 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 1.69%. The ex-dividend date is Friday, September 12th.
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 issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $60.00.
Fidelity National Information Services, Inc (NYSE:FIS) is a global provider of banking and payments technologies.
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