Fidelity National Information Services, Inc (NYSE: FIS) has a higher price-to-earnings ratio of 65.97x compared to its average ratio. FIS has 36-month beta value of 1.06. Analysts have mixed views 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 537.88M, and currently, short sellers hold a 2.12% ratio of that float. The average trading volume of FIS on November 12, 2024 was 2.91M shares.
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FIS) stock’s latest price update
Fidelity National Information Services, Inc (NYSE: FIS)’s stock price has soared by 0.74 in relation to previous closing price of 88.07. Nevertheless, the company has seen a loss of -1.09% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-10 that Fidelity National Information Services shares have gained 66% over the past year due to business simplification, but are now trading at fair value. Q3 earnings beat expectations with $1.40 EPS and $2.6 billion revenue, driven by recurring revenue growth and cost controls. FIS returned $700 million to shareholders in Q3, including $500 million in buybacks, and reduced debt significantly from $18 billion to $10.9 billion.
FIS’s Market Performance
Fidelity National Information Services, Inc (FIS) has experienced a -1.09% fall in stock performance for the past week, with a 2.27% rise in the past month, and a 13.37% rise in the past quarter. The volatility ratio for the week is 2.96%, and the volatility levels for the past 30 days are at 2.03% for FIS. The simple moving average for the last 20 days is -0.67% for FIS’s stock, with a simple moving average of 16.56% for the last 200 days.
Analysts’ Opinion of FIS
Morgan Stanley, on the other hand, stated in their research note that they expect to see FIS reach a price target of $79. The rating they have provided for FIS stocks is “Equal-Weight” according to the report published on July 22nd, 2024.
Exane BNP Paribas gave a rating of “Neutral” to FIS, setting the target price at $72 in the report published on April 11th of the current year.
FIS Trading at 2.93% 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 -3.54% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 2.96%, as shares surge +1.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.60% upper at present.
During the last 5 trading sessions, FIS fell by -1.09%, which changed the moving average for the period of 200-days by +39.69% in comparison to the 20-day moving average, which settled at $89.32. In addition, Fidelity National Information Services, Inc saw 47.69% 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 626 shares at the price of $88.25 back on Oct 15 ’24. After this action, Goldstein Jeffrey A now owns 10,397 shares of Fidelity National Information Services, Inc, valued at $55,244 using the latest closing price.
Goldstein Jeffrey A, the Director of Fidelity National Information Services, Inc, purchase 719 shares at $76.81 during a trade that took place back on Jul 15 ’24, which means that Goldstein Jeffrey A is holding 9,771 shares at $55,226 based on the most recent closing price.
Stock Fundamentals for FIS
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.38 for the gross margin
The net margin for Fidelity National Information Services, Inc stands at 0.08. The total capital return value is set at 0.07. Equity return is now at value 3.15, with 1.30 for asset returns.
Based on Fidelity National Information Services, Inc (FIS), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is 33.78.
Currently, EBITDA for the company is 3.32 billion with net debt to EBITDA at 2.9. When we switch over and look at the enterprise to sales, we see a ratio of 5.72. The receivables turnover for the company is 5.05for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.18.
Conclusion
To put it simply, Fidelity National Information Services, Inc (FIS) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
