Press coverage about Fidelity National Information Services (NYSE:FIS) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fidelity National Information Services earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the information technology services provider an impact score of 46.3843185114928 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Fidelity National Information Services, Inc. (NYSE:FIS) – Momentum Stock in Focus (RSI – A Momentum Oscillator) – The Investor Guide (wallstreetnews24.com)
- Comparing Fiserv And Fidelity: 2 Margin Boosters – Seeking Alpha (seekingalpha.com)
- Larry Appel named new CEO of Fresh Market – Jacksonville Daily Record (jaxdailyrecord.com)
- FIS Teams Push Boundaries of Artificial Intelligence in 2017 InnovateIN48 Coding Competition (finance.yahoo.com)
- $2.26 Billion in Sales Expected for Fidelity National Information Services, Inc. (FIS) This Quarter (americanbankingnews.com)
Fidelity National Information Services (NYSE FIS) traded up 0.03% during trading on Wednesday, reaching $92.80. 1,136,570 shares of the company’s stock traded hands. The company has a market capitalization of $30.85 billion, a price-to-earnings ratio of 46.52 and a beta of 0.84. The firm’s 50 day moving average is $91.46 and its 200-day moving average is $86.04. Fidelity National Information Services has a 12 month low of $73.25 and a 12 month high of $93.73.
Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.05. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the business posted $0.90 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts expect that Fidelity National Information Services will post $4.28 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.25%. Fidelity National Information Services’s dividend payout ratio is 58.00%.
Fidelity National Information Services announced that its Board of Directors has authorized a stock buyback program on Wednesday, August 2nd that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the information technology services provider to repurchase up to 13.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
A number of research firms have commented on FIS. Robert W. Baird reiterated a “buy” rating and set a $102.00 price objective on shares of Fidelity National Information Services in a research note on Friday, September 8th. BidaskClub raised shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. BMO Capital Markets increased their target price on shares of Fidelity National Information Services from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Cowen and Company reissued a “buy” rating and set a $97.00 target price on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Finally, Stephens reissued a “positive” rating and set a $101.00 target price (up from $93.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $92.87.
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In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 2,181 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $90.32, for a total transaction of $196,987.92. Following the completion of the sale, the director now directly owns 12,317 shares of the company’s stock, valued at approximately $1,112,471.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Anthony M. Jabbour sold 100,000 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $92.36, for a total value of $9,236,000.00. Following the sale, the chief operating officer now directly owns 282,689 shares of the company’s stock, valued at $26,109,156.04. The disclosure for this sale can be found here. Insiders have sold a total of 520,549 shares of company stock valued at $47,224,679 over the last three months. Company insiders own 2.66% of the company’s stock.
About Fidelity National Information Services
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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