A share price of Fidelity National Information Services, Inc. [FIS] is currently trading at $69.75, up 0.43%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FIS shares have gain 4.14% over the last week, with a monthly amount glided 11.98%, and seem to be holding up well over a long-time horizon.
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On 5, March 2024, FIS Announces Upsizing and Results of its Senior Note Tender Offers. In a post published today on Yahoo Finance, Fidelity National Information Services, FIS™, (NYSE: FIS), a global leader in financial services technology, today announced (i) the results of its previously announced 14 separate offers (the “Offers”) to purchase for cash the outstanding senior notes of the series listed in the table below (collectively, the “Notes”) and (ii) that it has amended the Offers by increasing the Maximum Purchase Amount from $2.250 billion to approximately $2.531 billion, an amount sufficient to accept Priority Levels 1-7 in full.
From an analyst’s perspective:
On October 19, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $69 on the stock. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $65 on October 17, 2023. Seaport Research Partners initiated its recommendation with a Neutral. TD Cowen started tracking with a Market Perform rating for this stock on October 06, 2023, and assigned it a price target of $56. In a note dated August 25, 2023, Evercore ISI downgraded an In-line rating on this stock and revised its target price from $75 to $60.
Fidelity National Information Services, Inc. experienced fluctuations in its stock price throughout the past year between $46.91 and $69.96. 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 $69.75 at the most recent close of the market. An investor can expect a potential return of 57.63% based on the average FIS price forecast.
Analyzing the FIS fundamentals
Trailing Twelve Months sales for Fidelity National Information Services, Inc. [NYSE:FIS] were 12.26B which represents -32.42% decline. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at -0.42%, Pretax Profit Margin comes in at -0.48%, and Net Profit Margin reading is -0.56%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -0.32 and Total Capital is -0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.0.
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 69.15 points at the first support level, and at 68.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 70.43, and for the 2nd resistance point, it is at 71.12.
Fidelity National Information Services, Inc. [FIS] reported earnings per share of $0.94 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.94/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.94 per share as compared to estimates of $1.55 per share, a difference of -$0.61 representing a surprise of -39.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Fidelity National Information Services, Inc. [NYSE:FIS] is 0.75. As well, the Quick Ratio is 0.75, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 3.28, the price to book ratio is 2.13.
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.
