The stock has a 36-month beta value of 0.98. Opinions on the stock are mixed, with 10 analysts rating it as a “buy,” 9 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for FIS is 574.84M, and at present, short sellers hold a 2.47% of that float. On April 09, 2024, the average trading volume of FIS was 4.58M shares.
FIS) stock’s latest price update
Fidelity National Information Services, Inc. (NYSE: FIS)’s stock price has gone rise by 0.88 in comparison to its previous close of 72.44, however, the company has experienced a 0.45% increase in its stock price over the last five trading days. Seeking Alpha reported 2024-04-06 that Fidelity National Information Services shares have performed well, rising 36% in the past year. FIS reported Q4 results that missed expectations, with non-GAAP EPS of $0.94 and a 1% decline in revenue, though nonrecurring revenue items drove this weakness. FIS plans to allocate $9 billion to debt reduction and $3 billion to buybacks with the proceeds from the sale of a stake in Worldpay.
FIS’s Market Performance
FIS’s stock has risen by 0.45% in the past week, with a monthly rise of 5.68% and a quarterly rise of 19.00%. The volatility ratio for the week is 1.99% while the volatility levels for the last 30 days are 1.95% for Fidelity National Information Services, Inc. The simple moving average for the past 20 days is 2.77% for FIS’s stock, with a 23.42% simple moving average for the past 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 8.87% 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 -2.23% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 1.99%, as shares surge +4.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.40% upper at present.
During the last 5 trading sessions, FIS rose by +0.45%, which changed the moving average for the period of 200-days by +36.29% in comparison to the 20-day moving average, which settled at $71.28. In addition, Fidelity National Information Services, Inc. saw 21.66% 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 4.98. 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 sum up, Fidelity National Information Services, Inc. (FIS) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
