Fidelity National Information Services (FIS) Earns Coverage Optimism Score of 0.18
Media headlines about Fidelity National Information Services (NYSE:FIS) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fidelity National Information Services earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news articles about the information technology services provider an impact score of 48.4042170484453 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- BP plc (BP) Stocks Showing Pleasant Sentiment- Fidelity National Information Services, Inc. (FIS) – Investing News Update (investingbizz.com)
- Fidelity National Information Services, Inc. (FIS) noted a price change of 0.38% and Iridium Communications Inc … – Stocks Gallery (stocksgallery.com)
- New FIS Report Finds Growing Adoption of Real-time Payment Programs Worldwide (finance.yahoo.com)
- Fidelity National Information Services, Inc. – Value Analysis (NYSE:FIS) : November 2, 2017 (finance.yahoo.com)
- Fidelity National Information Services, Inc. to Post Q1 2018 Earnings of $1.02 Per Share, Wedbush Forecasts (FIS) (americanbankingnews.com)
A number of brokerages recently weighed in on FIS. KeyCorp restated a “buy” rating on shares of Fidelity National Information Services in a research report on Wednesday, November 1st. Robert W. Baird restated a “buy” rating and set a $102.00 price objective on shares of Fidelity National Information Services in a research report on Friday, September 8th. BidaskClub upgraded Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Barclays PLC restated an “overweight” rating and set a $102.00 price objective (up previously from $94.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Finally, BMO Capital Markets boosted their price objective on Fidelity National Information Services from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $97.19.
Shares of Fidelity National Information Services (NYSE FIS) opened at $93.18 on Monday. Fidelity National Information Services has a 52-week low of $73.97 and a 52-week high of $96.67. The company has a market capitalization of $31,109.87, a PE ratio of 22.19, a price-to-earnings-growth ratio of 1.76 and a beta of 0.88. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.25 and a quick ratio of 1.25.
Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.12. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.22 billion. Fidelity National Information Services had a return on equity of 14.05% and a net margin of 5.82%. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 EPS. equities research analysts expect that Fidelity National Information Services will post 4.41 earnings per share for the current fiscal year.
Fidelity National Information Services declared that its Board of Directors has initiated a share repurchase plan on Wednesday, August 2nd that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to purchase up to 13.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, December 14th. Fidelity National Information Services’s dividend payout ratio is 71.60%.
In other news, Director Stephan A. James sold 18,368 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $90.14, for a total value of $1,655,691.52. Following the transaction, the director now directly owns 43,231 shares of the company’s stock, valued at approximately $3,896,842.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $92.36, for a total value of $9,236,000.00. Following the completion of the transaction, the chief operating officer now directly owns 282,689 shares in the company, valued at $26,109,156.04. The disclosure for this sale can be found here. 2.66% of the stock is owned by insiders.
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Fidelity National Information Services Company Profile
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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