Fidelity National Information Services Inc. (NYSE:FIS) finished Wednesday with an addition of $0.09 to close at $55.28, an upside of 0.16 percent. An average of 2,935,960 shares of common stock have been traded in the last five days. There was a fall of -$0.53 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 3,535,300 shares traded, while the 50-day average volume stands at 4,687,750.
FIS stock has decreased by -11.01% in the last month. The company shares reached their 1-month lowest point of $54.76 on 08/23/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $48.57 and a high of $97.74 in 52 weeks. It has reached a new high 12 times so far this year and lost -18.53% or -$12.57 in price. In spite of this, the price is down -43.44% from the 52-week high.
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Insider Transactions
FIS stock investors should be aware that Fidelity National Information Services Inc. (FIS) stock had its last reported insider trading activity 65 days ago on Jul 17. In this transaction, the insider spent $186,872. CEVP Chief Financial Officer, Hoag Erik D, disposed of 5,658 shares at a price of $63.88 on Mar 07. The insider now owns more than $361,433 worth of shares. Prior to that, Chairman and CEO Norcross Gary went on to Sale 39,403 shares at $93.20 each on Sep 12. An amount of $3,672,370 was transacted.
Valuation Metrics
Fidelity National Information Services Inc. (FIS) stock’s beta is 0.84. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.27, the price-to-book (PB) ratio at 1.61, and the price-to-cash flow ratio at 12.98.
Financial Health
The quick ratio of Fidelity National Information Services Inc. for the three months ended June 29 was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.67 and a total debt to equity ratio of 0.96 for the quarter ending June 29. Fidelity National Information Services Inc.’s EBITDA margin for the year ending June 29 is 42.63%. Its gross profit as reported stood at $5.71 billion compared to revenue of $14.53 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Fidelity National Information Services Inc.’s return on assets was -36.80%.
Earnings Surprise
For the three-month period that ended June 29, Fidelity National Information Services Inc. had $13.59 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$6.6 billion in the quarter, while revenues were grew 104.2%. The analyst consensus anticipated Fidelity National Information Services Inc.’s latest quarter earnings to come in at $1.48 per share, but it turned out to be $1.55, a 4.70% surprise. For the quarter, EBITDA amounted to -$5.42 billion. Shareholders own equity worth $592.47 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Fidelity National Information Services Inc. (FIS) price momentum. RSI 9-day as of the close on 23 August was 31.49%, suggesting the stock is Neutral, with historical volatility in this time frame at 11.12%.
As of today, FIS’s price is $55.52 -0.95% or -$0.53 from its 5-day moving average. FIS is currently trading -10.10% lower than its 20-day SMA and +5.96% higher than its 100-day SMA. However, the stock’s current price level is +1.47% above the SMA50 and -3.32% below the SMA200.
The stochastic %K and %D were 9.87% and 8.80%, respectively, and the average true range (ATR) was 1.14. With the 14-day stochastic at 10.42% and the average true range at 1.24, the RSI (14) stands at 37.18%. The stock has reached -0.35 on the 9-day MACD Oscillator while the 14-day reading was at -1.15.
Analyst Ratings
Atlantic Equities upgraded Fidelity National Information Services Inc. (NYSE: FIS) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Fidelity National Information Services Inc. (FIS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FIS, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 16 others rate it as a “buy”.
What is FIS’s price target for the next 12 months?
Analysts predict a range of price targets between $60.00 and $81.00, with a median target of $70.00. Taking a look at these predictions, the average price target given by analysts for Fidelity National Information Services Inc. (FIS) stock is $69.67.
