Fidelity National Information Services Inc. (FIS): What is the Risk Factor?

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Fidelity National Information Services Inc. (NYSE:FIS) saw an upside of 0.20% to $74.63 after adding $0.15 on Tuesday. The 5-day average trading volume is 5,848,535 shares of the company’s common stock. It has gained $75.04 in the past week and touched a new high 4 times within the past 5 days. An average of 5,026,159 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,845,563.

FIS’s 1-month performance is 10.03% or $7.78 on its low of $65.96 reached on 12/28/22. The company’s shares have touched a 52-week low of $56.53 and high of $122.06, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, FIS has achieved 9.77% or $6.85 and has reached a new high 8 times. However, the current price is down -38.86% from the 52-week high price.

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Insider Transactions

FIS stock investors last saw insider trading activity on Sep 12.Norcross Gary (Chairman and CEO) most recently sold 39,403 shares at $93.20 per share on Sep 12. This transaction cost the insider $3,672,370. Chairman and CEO, Norcross Gary, sold 80,000 shares at a price of $90.89 on Sep 09. Then, on Sep 08, Chairman and CEO Norcross Gary sold 80,000 shares at a price of $89.72 per share. This transaction amounted to $7,177,888.

Valuation Metrics

FIS stock has a beta of 0.81. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.93 while the price-to-book (PB) in the most recent quarter is 0.99, with the price to cash flow ratio at 17.17.

Fidelity National Information Services Inc.’s quick ratio for the period ended September 29 was 0.80, with the current ratio over the same period at 0.80. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.30, while the total debt to equity was 0.42. In terms of profitability, the gross margin trailing 12 months is 38.70%. The firm’s gross profit as reported stood at $5.2 billion against revenue of $13.88 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 36.55% to $249.0 million, while revenue of $277.0 million was -11.24% off the previous quarter. Analysts expected FIS to announce $1.75 per share in earnings in its latest quarter, but it posted $1.74, representing a -0.60% surprise. EBITDA for the quarter stood at more than $1.4 billion. FIS stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 32.98 billion, with total debt at $18.92 billion. Shareholders hold equity totaling $593.38 million.

Let’s look briefly at Fidelity National Information Services Inc. (FIS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 72.95% to suggest the stock is trending Overbought, with historical volatility in this time period at 26.16%.

The stock’s 5-day moving average is $72.75, reflecting a +4.61% or $3.29 change from its current price. FIS is currently trading +12.20% above its 20-day SMA, -19.51% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +21.03% and SMA200 by-26.45%.

Stochastic %K and %D was 94.22% and 87.41% and the average true range (ATR) pointed at 2.08. The RSI (14) points at 66.03%, while the 14-day stochastic is at 95.30% with the period’s ATR at 2.10. The stock’s 9-day MACD Oscillator is pointing at 2.85 and 3.69 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Fidelity National Information Services Inc. (NYSE: FIS), Barclays downgraded it to an Equal weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for FIS stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate FIS as a “sell,”, while 14 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 20 have offered a “buy” rating.

What is FIS’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $63.00 and a high of $110.00, with their median price target at $84.00. Looking at these predictions, the average price target given by analysts is for Fidelity National Information Services Inc. (FIS) stock is $82.93.

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