Moreover, the 36-month beta value for FIS is 0.97. Analysts have varying opinions on the stock, with 10 analysts rating it as a “buy,” 9 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for FIS is 574.85M and currently, short sellers hold a 2.51% of that float. On March 27, 2024, FIS’s average trading volume was 4.51M shares.
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FIS) stock’s latest price update
The stock of Fidelity National Information Services, Inc. (NYSE: FIS) has increased by 1.70 when compared to last closing price of 71.09. Despite this, the company has experienced a 3.49% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-25 that Fidelity (FIS) continues to gain, courtesy of increasing numbers in Banking Solutions and Capital Market Solutions businesses.
FIS’s Market Performance
Fidelity National Information Services, Inc. (FIS) has experienced a 3.49% rise in stock performance for the past week, with a 7.38% rise in the past month, and a 20.62% rise in the past quarter. The volatility ratio for the week is 2.08%, and the volatility levels for the past 30 days are at 1.99% for FIS. The simple moving average for the last 20 days is 4.08% for FIS stock, with a simple moving average of 23.63% for the last 200 days.
Analysts’ Opinion of FIS
Many brokerage firms have already submitted their reports for FIS stocks, with Robert W. Baird repeating the rating for FIS by listing it as a “Neutral.” The predicted price for FIS in the upcoming period, according to Robert W. Baird is $78 based on the research report published on March 13, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see FIS reach a price target of $84. The rating they have provided for FIS stocks is “Buy” according to the report published on February 29th, 2024.
UBS gave a rating of “Neutral” to FIS, setting the target price at $58 in the report published on October 20th of the previous year.
FIS Trading at 10.96% from the 50-Day Moving Average
After a stumble in the market that brought FIS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.08% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 2.08%, as shares surge +7.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.01% upper at present.
During the last 5 trading sessions, FIS rose by +3.49%, which changed the moving average for the period of 200-days by +32.68% in comparison to the 20-day moving average, which settled at $69.73. In addition, Fidelity National Information Services, Inc. saw 20.36% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FIS starting from Goldstein Jeffrey A, who purchase 899 shares at the price of $60.32 back on Jan 17 ’24. After this action, Goldstein Jeffrey A now owns 8,277 shares of Fidelity National Information Services, Inc., valued at $54,228 using the latest closing price.
Alemany Ellen R, the Director of Fidelity National Information Services, Inc., purchase 735 shares at $60.32 during a trade that took place back on Jan 17 ’24, which means that Alemany Ellen R is holding 35,333 shares at $44,335 based on the most recent closing price.
Stock Fundamentals for FIS
Current profitability levels for the company are sitting at:
- -0.41 for the present operating margin
- 0.39 for the gross margin
The net margin for Fidelity National Information Services, Inc. stands at -0.54. The total capital return value is set at -0.14. Equity return is now at value -26.49, with -10.36 for asset returns.
Based on Fidelity National Information Services, Inc. (FIS), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is -8.31.
Currently, EBITDA for the company is 3.32 billion with net debt to EBITDA at 4.29. When we switch over and look at the enterprise to sales, we see a ratio of 4.94. The receivables turnover for the company is 6.08for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.75.
Conclusion
To wrap up, the performance of Fidelity National Information Services, Inc. (FIS) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
