As of Friday close, Fidelity National Information Services Inc.’s (NYSE:FIS) stock was down -$0.93, moving down -1.63 percent to $56.12. The average number of shares traded per day over the past five days has been 6,438,280 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.78 fall in that time frame. In the last twenty days, the average volume was 4,564,760, while in the previous 50 days, it was 3,979,756.
Since last month, FIS stock rose 1.52%. Shares of the company fell to $53.84 on 08/25/23, the lowest level in the past month. A 52-week high of $85.18 was reached on 02/02/23 after having rallying from a 52-week low of $48.57. Since the beginning of this year, FIS’s stock price has dropped by -17.29% or -$11.73, and marked a new high 12 times. However, the stock has declined by -34.12% since its 52-week high.
FIS stock investors should be aware that Fidelity National Information Services Inc. (FIS) stock had its last reported insider trading activity 68 days ago on Jul 17. Goldstein Jeffrey A, the Director of the company, purchased of 929 shares for $58.82 on Jul 17. It resulted in a $54,644 investment by the insider. Alemany Ellen R added 760 shares at an average price of $58.82 on Jul 17. The insider now owns 3,743 shares following the transaction. On Jun 20, CEVP Chief Financial Officer Hoag Erik D sold 3,451 shares at $54.15 apiece. The transaction was valued at $186,872.
Valuation Metrics
The stock’s beta is 0.82. Besides these, the trailing price-to-sales (P/S) ratio of 2.26, the price-to-book (PB) ratio of 1.64, and the price-to-cash flow ratio of 12.90 may also be considered.
The latest dividend of $0.52 per share was paid out, remained unchanged from last year’s $0.52. On Monday February 13 2023, a $0.05 dividend increase was announced.
Financial Health
In the three months ended June 29, Fidelity National Information Services Inc.’s quick ratio stood at 0.70, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.67, and the total debt-to-equity ratio was 0.96. On the profitability front, the trailing twelve-month gross margin is 40.30% percent. Based on annual data, FIS earned $5.71 billion in gross profit and brought in $14.53 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -34.80%. Return on equity (ROE) for the past 12 months was -78.60%.
In Fidelity National Information Services Inc.’s quarter-end financial report for June 29, it reported total debt of $13.59 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FIS’s revenue rose 0.72% to $3.51 billion during the quarter, while net income inched up to $3.75 billion. While analysts expected Fidelity National Information Services Inc. to report $1.48 quarterly earnings, the actual figure was $1.55 per share, beating the consensus estimate by 4.70%. During the quarter, the company generated -$5.42 billion in EBITDA. The liabilities of Fidelity National Information Services Inc. were 33.3 billion at the end of its most recent quarter ended June 29, and its total debt was $19.52 billion. The value of shareholders’ equity is $592.47 million.
Technical Picture
This quick technical analysis looks at Fidelity National Information Services Inc.’s (FIS) price momentum. With a historical volatility rate of 20.60%, the RSI 9-day stood at 46.06% on 22 September.
With respect to its five-day moving average, the current Fidelity National Information Services Inc. price is down by -1.37% percent or -$0.78. At present, FIS shares trade +1.56% above its 20-day simple moving average and -1.01% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.89% below its SMA50 and -22.99% below its SMA200.
Stochastic coefficient K was 53.51% and Stochastic coefficient D was 71.27%, while ATR was 1.23. Given the Stochastic reading of 34.67% for the 14-day period, the RSI (14) reading has been calculated as 47.47%. As of today, the MACD Oscillator reading stands at 0.32, while the 14-day reading stands at 0.87.
Analyst Ratings
Fidelity National Information Services Inc. downgraded its rating on Fidelity National Information Services Inc. (NYSE: FIS) to an In-line in a note to investors on August 25, 2023. The analysts firm previously had an Outperform rating on the stock.Fidelity National Information Services Inc. (FIS) has been rated Overweight by analysts. According to 0 brokerage firms, FIS is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Fidelity National Information Services Inc. stock as buy, with 14 recommending it as overweight.
With a median target price of $70.00, the current consensus forecast for the stock is $60.00 – $81.00. Based on these forecasts, analysts predict Fidelity National Information Services Inc. (FIS) will achieve an average price target of $68.70.
