The stock of Fidelity National Information Services Inc. (NYSE:FIS) increased by $1.22 on Monday to finish at $55.96, up 2.23 percent. The last five days have seen an average of 2,862,400 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$11.89. The average number of shares traded over the last 20 days was 3,430,910, while the average volume over the last 50 days totaled 4,529,982.
FIS stock dropped -6.19% since last month. On 08/25/23, the company’s shares reached a one-month low of $53.84. The stock touched a high of $96.60 on 02/02/23, after rallying from a low of $48.57 in 52 weeks. The price of FIS stock has declined by -17.52% or -$11.89 this year, reaching a new high 12 times. Still, the stock price is down -42.07% from the 52-week high.
Insider Transactions
FIS stock investors should be aware that Fidelity National Information Services Inc. (FIS) stock had its last reported insider trading activity 43 days ago on Jul 17. On Jul 17, Director Goldstein Jeffrey A acquired 929 shares at $58.82 each. This transaction resulted in the insider spending $54,644. On Jul 17, Alemany Ellen R added 760 shares at a price of US$58.82. After the transaction, the insider now owns 3,743 shares. CEVP Chief Financial Officer Hoag Erik D had earlier sold 3,451 shares on Jun 20 for $54.15 a share. The transaction was completed for $186,872.
Valuation Metrics
Beta for the stock is 0.85. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.30, the price-to-book (PB) ratio of 1.63, and the price-to-cash flow ratio of 13.10.
Company paid $0.52 per share in dividends, remained unchanged from $0.52 last year.
Financial Health
For the three months ended June 29, Fidelity National Information Services Inc.’s quick ratio was 0.70, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.67, and the total debt to equity ratio is 0.96. As far as profitability goes, gross margin for the trailing twelve months is 40.30% percent. Based on annual data, it had gross profit of $5.71 billion and revenue of $14.53 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FIS’s return on assets (ROA) during the last 12 months has been -36.80%. There was a -34.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -78.60%.
Earnings Surprise
According to Fidelity National Information Services Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.75 billion, while revenues rose by 0.72% to $3.51 billion. It was predicted that Fidelity National Information Services Inc.’s quarterly earnings would be $1.55, but it ended up being $1.48, beating the consensus by 4.70%. EBITDA was -$5.42 billion for the quarter. At the end of Fidelity National Information Services Inc.’s most recent quarter ended June 29, its liabilities totaled 33.3 billion, while its total debt was $19.52 billion. Equity owned by shareholders amounts to $592.47 million.
Technical Picture
Here’s a quick look at Fidelity National Information Services Inc.’s (FIS) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 45.63%, suggesting the stock is Neutral, with a 15.42% historical volatility rate.
The stochastic %K and %D were 24.40% and 15.87% respectively, while the average true range (ATR) was 1.17. Based on the 14-day stochastic reading of 43.53%, the RSI (14) reading is 44.25%. On the 9-day MACD Oscillator, the stock is at -0.17, and the 14-day reading is at -0.58.
Analyst Ratings
Fidelity National Information Services Inc. (NYSE: FIS) was downgraded by Evercore ISI to a an In-line rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Fidelity National Information Services Inc. (FIS) an Overweight rating. FIS is a stock that is recommended for selling by 0 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 4 rates it overweight and 15 others recommend it as a buy.
What is FIS’s price target for the next 12 months?
The current consensus forecast for the stock is between $60.00 and $81.00, with a median target price of $70.00. In analyzing these forecasts, the average price target given by analysts for Fidelity National Information Services Inc. (FIS) is $69.01.
