Fidelity National Information Servcs (NYSE:FIS) updated its fourth quarter 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.80-1.84 for the period. The company issued revenue guidance of $3.285-3.33 billion.Fidelity National Information Servcs also updated its Q3 guidance to $1.69 to $1.72 EPS.
A number of equities analysts have recently issued reports on the stock. Susquehanna Bancshares assumed coverage on shares of Fidelity National Information Servcs in a research note on Friday, May 31st. They set a positive rating and a $140.00 price objective on the stock. Robert W. Baird increased their price objective on shares of Fidelity National Information Servcs from $134.00 to $145.00 and gave the company an outperform rating in a research note on Friday, July 12th. ValuEngine downgraded shares of Fidelity National Information Servcs from a buy rating to a hold rating in a research note on Friday, August 2nd. Wells Fargo & Co increased their price objective on shares of Fidelity National Information Servcs from $117.00 to $135.00 and gave the company an outperform rating in a research note on Thursday, April 18th. Finally, Oppenheimer increased their price objective on shares of Fidelity National Information Servcs from $125.00 to $135.00 and gave the company an outperform rating in a research note on Wednesday, June 12th. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $152.83.
Shares of NYSE FIS traded up $3.56 during trading hours on Wednesday, reaching $134.48. The stock had a trading volume of 6,513,319 shares, compared to its average volume of 3,597,363. The stock has a fifty day moving average price of $127.93. Fidelity National Information Servcs has a twelve month low of $94.53 and a twelve month high of $137.03. The company has a market capitalization of $42.88 billion, a P/E ratio of 25.71, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.86.
Fidelity National Information Servcs (NYSE:FIS) last released its earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share for the quarter, meeting the consensus estimate of $1.78. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. Fidelity National Information Servcs had a return on equity of 18.68% and a net margin of 9.66%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 earnings per share. Research analysts predict that Fidelity National Information Servcs will post 7.44 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.40 annualized dividend and a dividend yield of 1.04%. Fidelity National Information Servcs’s dividend payout ratio is currently 26.77%.
In other Fidelity National Information Servcs news, Director James B. Stallings, Jr. sold 1,240 shares of Fidelity National Information Servcs stock in a transaction on Monday, June 10th. The stock was sold at an average price of $122.55, for a total value of $151,962.00. Following the completion of the transaction, the director now directly owns 8,370 shares of the company’s stock, valued at approximately $1,025,743.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.43% of the company’s stock.
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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