At the time of writing, Fidelity National Information Services, Inc. [FIS] stock is trading at $67.33, up 4.74%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FIS shares have gain 5.78% over the last week, with a monthly amount glided 8.16%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, FIS Reports Full-Year 2023 Results, Introduces 2024 Outlook, Raises Future Forward Expectations and Announces $500 Million Increase to Share Repurchase Goal. In a post published today on Yahoo Finance, Fourth quarter GAAP Diluted Earnings Per Share for continuing operations of $0.11 and Adjusted EPS of $0.94.
From an analyst’s perspective:
Previously, Barclays upgraded its rating to Overweight on October 19, 2023, and elevated its price target to $69. On October 17, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $65 on the stock. Seaport Research Partners started tracking the stock assigning a Neutral rating. TD Cowen initiated its recommendation with a Market Perform and recommended $56 as its price target on October 06, 2023. Evercore ISI downgraded its rating to In-line for this stock on August 25, 2023, and downed its price target to $60. In a note dated July 12, 2023, Atlantic Equities upgraded an Overweight rating on this stock.
For the past year, the stock price of Fidelity National Information Services, Inc. fluctuated between $46.91 and $65.62. Currently, Wall Street analysts expect the stock to reach $109.95 within the next 12 months. Fidelity National Information Services, Inc. [NYSE: FIS] shares were valued at $67.33 at the most recent close of the market. An investor can expect a potential return of 63.3% based on the average FIS price forecast.
Analyzing the FIS fundamentals
According to Fidelity National Information Services, Inc. [NYSE:FIS], the company’s sales were 13.46B for trailing twelve months, which represents an -30.94% plunge. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 63.96 points at the first support level, and at 60.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.36, and for the 2nd resistance point, it is at 71.39.
Fidelity National Information Services, Inc. [FIS] reported earnings per share of $0.94 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.55/share, meaning a difference of -$0.61 and a surprise factor of -39.40%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.76 per share as compared to estimates of $1.48 per share, a difference of -$0.72 representing a surprise of -48.60%.
Ratios To Look Out For
It is important to note that Fidelity National Information Services, Inc. [NYSE:FIS] has a current ratio of 0.76. Further, the Quick Ratio stands at 0.76, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.96, the price to book ratio is 2.05.
Transactions by insiders
Recent insider trading involved Goldstein Jeffrey A, Director, that happened on Jan 17 when 899.0 shares were purchased. Director, Alemany Ellen R completed a deal on Jan 17 to buy 735.0 shares. Meanwhile, Director Goldstein Jeffrey A bought 1045.0 shares on Oct 17.
