Fidelity National Information Services Reaches New 12-Month High at $58.12 (FIS)
Fidelity National Information Services (NYSE:FIS) shares reached a new 52-week high during mid-day trading on Thursday , American Banking and Market News reports. The company traded as high as $58.12 and last traded at $58.02, with a volume of 640,534 shares. The stock had previously closed at $57.27.
Several analysts have recently commented on the stock. 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. The stock has an average rating of “Buy” and an average price target of $60.00.
The stock’s 50-day moving average is $56.42 and its 200-day moving average is $54.63. The company has a market cap of $16.484 billion and a P/E ratio of 28.98.
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. 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 1.68%. The ex-dividend date is Friday, September 12th.
In other Fidelity National Information Services news, Director Keith W. Hughes sold 15,800 shares of Fidelity National Information Services stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $56.97, for a total transaction of $900,126.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Fidelity National Information Services, Inc (NYSE:FIS) is a global provider of banking and payments technologies.
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