Fidelity National Information Services Inc. (NYSE:FIS) saw a downside of -0.68% to close Tuesday at $55.60 after subtracting -$0.38 on the day. The 5-day average trading volume is 5,348,960 shares of the company’s common stock. It has gained $59.53 in the past week and touched a new high 1 time within the past 5 days. An average of 4,675,880 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,036,350.
FIS’s 1-month performance is 1.57% or $0.86 on its low of $54.31 reached on 09/07/23. The company’s shares have touched a 52-week low of $48.57 and high of $85.18, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, FIS has lost -18.05% or -$12.25 and has reached a new high 12 times. However, the current price is down -34.73% from the 52-week high price.
Insider Transactions
FIS stock investors last saw insider trading activity on Jul 17.Hoag Erik D (CEVP Chief Financial Officer) most recently sold 3,451 shares at $54.15 per share on Jun 20. This transaction cost the insider $186,872. CEVP Chief Financial Officer, Hoag Erik D, sold 5,658 shares at a price of $63.88 on Mar 07.
Valuation Metrics
FIS stock has a beta of 0.83. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.26 while the price-to-book (PB) in the most recent quarter is 1.62, with the price to cash flow ratio at 9.24.
Fidelity National Information Services Inc.’s quick ratio for the period ended June 29 was 0.74, with the current ratio over the same period at 0.74. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.67, while the total debt to equity was 0.96.. In terms of profitability, the gross margin trailing 12 months is 40.30%. The trailing 12-month EBITDA margin is 42.63% while for the period ending June 29, Fidelity National Information Services Inc.’s operating margin was 16.81%. The firm’s gross profit as reported stood at $5.71 billion against revenue of $14.53 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 104.2% to -$6.6 billion, while revenue of $140.0 million was 102.12% off the previous quarter. Analysts expected FIS to announce $1.48 per share in earnings in its latest quarter, but it posted $1.55, representing a 4.70% surprise. EBITDA for the quarter stood at more than -$5.42 billion. FIS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 33.3 billion, with total debt at $19.52 billion. Shareholders hold equity totaling $592.47 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 26 September was 41.53% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.45%.
The stock’s 5-day moving average is $56.58, reflecting a -4.52% or -$2.63 change from its current price. FIS is currently trading -0.64% above its 20-day SMA, +5.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.73% and SMA200 by-19.69%.
Stochastic %K and %D was 30.46% and 41.23% and the average true range (ATR) pointed at 1.12. The RSI (14) points at 44.50%, while the 14-day stochastic is at 24.71% with the period’s ATR at 1.14. The stock’s 9-day MACD Oscillator is pointing at -0.95 and -0.38 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Fidelity National Information Services Inc. (NYSE: FIS), Evercore ISI downgraded it to an In-line rating. They previously had an Outperform rating on the stock. Analysts offering their rating for FIS stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate FIS as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 14 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 $60.00 and a high of $81.00, with their median price target at $70.00. Looking at these predictions, the average price target given by analysts is for Fidelity National Information Services Inc. (FIS) stock is $68.70.
