Fidelity National Information Servcs Inc (NYSE:FIS) Receives Average Rating of “Buy” from Analysts
Fidelity National Information Servcs Inc (NYSE:FIS) has been given an average rating of “Buy” by the twenty-three analysts that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $148.53.
A number of brokerages recently issued reports on FIS. Atlantic Securities began coverage on shares of Fidelity National Information Servcs in a research report on Tuesday, September 3rd. They set an “overweight” rating and a $175.00 target price on the stock. Oppenheimer set a $148.00 target price on shares of Fidelity National Information Servcs and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Raymond James set a $149.00 price target on shares of Fidelity National Information Servcs and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Canaccord Genuity began coverage on shares of Fidelity National Information Servcs in a research note on Thursday, September 12th. They set a “buy” rating and a $151.00 price target on the stock. Finally, SunTrust Banks set a $135.00 price target on shares of Fidelity National Information Servcs and gave the stock a “hold” rating in a research note on Wednesday, August 7th.
In other news, COO Stephanie Ferris sold 40,855 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $134.33, for a total value of $5,488,052.15. Following the sale, the chief operating officer now owns 60,054 shares in the company, valued at approximately $8,067,053.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark L. Heimbouch sold 111,586 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $134.28, for a total transaction of $14,983,768.08. Following the completion of the sale, the insider now owns 199,168 shares in the company, valued at approximately $26,744,279.04. The disclosure for this sale can be found here. Insiders have sold 331,737 shares of company stock worth $44,517,690 in the last quarter. Corporate insiders own 1.43% of the company’s stock.
Shares of FIS stock opened at $128.33 on Monday. Fidelity National Information Servcs has a 1 year low of $94.53 and a 1 year high of $141.35. The firm’s fifty day simple moving average is $132.82 and its 200 day simple moving average is $125.61. The firm has a market capitalization of $80.07 billion, a P/E ratio of 24.54, a price-to-earnings-growth ratio of 2.50 and a beta of 0.64. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 1.67.
Fidelity National Information Servcs (NYSE:FIS) last announced its earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.78. Fidelity National Information Servcs had a net margin of 8.97% and a return on equity of 20.66%. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the firm posted $1.23 earnings per share. Fidelity National Information Servcs’s revenue was up .3% compared to the same quarter last year. Equities research analysts anticipate that Fidelity National Information Servcs will post 5.83 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.40 dividend on an annualized basis and a yield of 1.09%. Fidelity National Information Servcs’s dividend payout ratio is currently 26.77%.
About Fidelity National Information Servcs
Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.
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