Several analysts have recently updated their ratings and price targets for Fidelity National Information Services (NYSE: FIS):

  • 8/24/2017 – Fidelity National Information Services was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/9/2017 – Fidelity National Information Services had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $102.00 price target on the stock, up previously from $94.00.
  • 8/5/2017 – Fidelity National Information Services was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/3/2017 – Fidelity National Information Services had its “positive” rating reaffirmed by analysts at Stephens. They now have a $101.00 price target on the stock, up previously from $93.00.
  • 8/3/2017 – Fidelity National Information Services had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $97.00 price target on the stock.
  • 8/3/2017 – Fidelity National Information Services had its price target raised by analysts at BMO Capital Markets from $92.00 to $104.00. They now have an “outperform” rating on the stock.
  • 8/3/2017 – Fidelity National Information Services had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $102.00 price target on the stock, up previously from $94.00.
  • 8/1/2017 – Fidelity National Information Services was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Fidelity National Information Services shares underperformed the industry, year to date. Estimates have been stable lately ahead of the company’s Q2 earnings release. Fidelity has positive record of earnings surprises in recent quarters. Further, it remains well positioned for growth backed by its attractive core business with a recurring revenue model, digitization, diversified product portfolio, benefits from strategic acquisitions, as well as several ongoing strategic initiatives. Moreover, cost-control efforts are also commendable. It anticipates 2017 adjusted earnings per share in the band of $4.15–$4.30, reflecting an increase of 9–13% year over year and cost synergies to exceed $300 million. We remain cautious owing to several issues, including the ongoing consolidation in the banking sector and stiff competition. Moreover, elevated debt level is also a concern.”
  • 7/19/2017 – Fidelity National Information Services was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/19/2017 – Fidelity National Information Services was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Fidelity National Information Services shares underperformed the Zacks categorized Financial Transaction Services industry, year to date. The company remains well positioned for growth backed by its attractive core business with a recurring revenue model, digitization, diversified product portfolio, benefits from strategic acquisitions, as well as several ongoing strategic initiatives. Moreover, cost-control efforts are also commendable. It anticipates 2017 adjusted earnings per share in the band of $4.15–$4.30, reflecting an increase of 9–13% year over year and cost synergies to exceed $300 million. We remain cautious owing to several issues, including the ongoing consolidation in the banking sector and stiff competition. Moreover, elevated debt level is also a concern.”
  • 7/13/2017 – Fidelity National Information Services had its price target raised by analysts at Oppenheimer Holdings, Inc. from $90.00 to $96.00. They now have an “outperform” rating on the stock.
  • 7/12/2017 – Fidelity National Information Services had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $96.00 price target on the stock.
  • 7/10/2017 – Fidelity National Information Services had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $92.00 price target on the stock, up previously from $90.00.
  • 7/8/2017 – Fidelity National Information Services was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Fidelity National Information Services, Inc. (NYSE:FIS) opened at 91.34 on Thursday. Fidelity National Information Services, Inc. has a 12 month low of $73.25 and a 12 month high of $92.78. The company has a 50-day moving average of $89.77 and a 200 day moving average of $84.61. The stock has a market capitalization of $30.36 billion, a price-to-earnings ratio of 45.78 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.05. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the company posted $0.90 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Information Services’s payout ratio is 58.00%.

In related news, Director Frank R. Martire sold 400,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $90.34, for a total value of $36,136,000.00. Following the completion of the transaction, the director now owns 202,517 shares of the company’s stock, valued at approximately $18,295,385.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James B. Stallings, Jr. sold 1,000 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $85.39, for a total transaction of $85,390.00. Following the completion of the transaction, the director now directly owns 14,498 shares of the company’s stock, valued at approximately $1,237,984.22. The disclosure for this sale can be found here. Insiders sold a total of 421,549 shares of company stock valued at $38,074,069 in the last three months. 2.66% of the stock is currently owned by corporate insiders.

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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