Stocks of Fidelity National Information Services Inc. (NYSE:FIS) traded higher last session on Wall Street, down -0.99% to $55.27.
According to the data, Fidelity National Information Services Inc. (NYSE:FIS) has 30 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $81.00 and a low of $55.00, we find $70.00. Given the previous closing price of $55.82, this indicates a potential upside of 25.4 percent. FIS stock price is now -3.35% away from the 50-day moving average and -7.71% away from the 200-day moving average. The market capitalization of the company currently stands at $32.75B.
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A total of 12 analysts have issued a hold rating and 14 have given it a buy rating. Brokers who have rated the stock have averaged $68.47 as their price target over the next twelve months.
With the price target reduced from $75 to $60, Evercore ISI Downgraded its rating from Outperform to In-line for Fidelity National Information Services Inc. (NYSE: FIS).
In other news, Goldstein Jeffrey A, Director bought 929 shares of the company’s stock on Jul 17. The stock was bought for $54,644 at an average price of $58.82. Upon completion of the transaction, the Director now directly owns 6,333 shares in the company, valued at $0.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 17, Director Alemany Ellen R bought 760 shares of the business’s stock. A total of $44,703 was incurred on buying the stock at an average price of $58.82. This leaves the insider owning 3,743 shares of the company worth $0.21 million. Insiders disposed of 67,072 shares of company stock worth roughly $3.71 million over the past 1 year. A total of 0.38% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FIS stock. A new stake in Fidelity National Information Services Inc. shares was purchased by PARNASSUS INVESTMENTS, LLC during the first quarter worth $82,455,000. LONGVIEW PARTNERS (GUERNSEY) LTD invested $76,051,000 in shares of FIS during the first quarter. In the first quarter, ELLIOTT INVESTMENT MANAGEMENT L.P. acquired a new stake in Fidelity National Information Services Inc. valued at approximately $60,281,000. SOUND SHORE MANAGEMENT INC /CT/ acquired a new stake in FIS for approximately $58,083,000. THIRD POINT LLC purchased a new stake in FIS valued at around $16,581,000 in the second quarter. In total, there are 1,324 active investors with 91.05% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $55.83 for Fidelity National Information Services Inc. (NYSE: FIS). During the past 12 months, Fidelity National Information Services Inc. has had a low of $48.57 and a high of $85.18. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 0.74, and a quick ratio of 0.74. The fifty day moving average price for FIS is $57.07 and a two-hundred day moving average price translates $59.81 for the stock.
The latest earnings results from Fidelity National Information Services Inc. (NYSE: FIS) was released for Jun, 2023. According to the Information Technology Services Company, earnings per share came in at $1.55, beating analysts’ expectations of $1.48 by 0.07. This compares to $0.46 EPS in the same period last year. The net profit margin was -161.74% and return on equity was -70.60% for FIS. The company reported revenue of $3.75 billion for the quarter, compared to $3.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.73 percent. For the current quarter, analysts expect FIS to generate $3.65B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/22/2023. Investors who held shares on 09/08/2023 were paid a $0.52 dividend. On an annualized basis, this represents a $2.07 dividend and a 3.75% percent yield. There was an ex-dividend date of 09/07/2023 for this dividend.
Fidelity National Information Services Inc.(FIS) Company Profile
Fidelity National Information Services, Inc. provides technology solutions for financial institutions and businesses worldwide. It operates through Banking Solutions, Merchant Solutions, and Capital Market Solutions segments. The Banking Solutions segment provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; electronic funds transfer and network; card and retail payment; wealth and retirement; and item processing and output solutions. The Merchant Solutions segment offers small- to medium-sized businesses acquiring, enterprise acquiring, and ecommerce solutions. The Capital Market Solutions segment provides investment operations and data, lending, trading and processing, and treasury and risk solutions. The company was founded in 1968 and is headquartered in Jacksonville, Florida.
