Reasons why Fidelity National Information Services, Inc.’s (NYSE:FIS) fundamentals are futile

In yesterday’s Wall Street session, Fidelity National Information Services, Inc. (NYSE:FIS) shares traded at $57.84, down -1.50% from the previous session.

30 analysts cover Fidelity National Information Services, Inc. (NYSE:FIS), according to research data. The consensus rating among analysts is ‘Overweight’. FIS stock price is now 7.96% away from the 50-day moving average and 4.09% away from the 200-day moving average. The market capitalization of the company currently stands at $34.27B.

The stock has received a hold rating from 12 analysts and a buy rating from 15.

In other news, Goldstein Jeffrey A, Director bought 1,045 shares of the company’s stock on Oct 17. The stock was bought for $55,385 at an average price of $53.00. Upon completion of the transaction, the Director now directly owns 7,378 shares in the company, valued at $0.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 17, Director Alemany Ellen R bought 855 shares of the business’s stock. A total of $45,315 was incurred on buying the stock at an average price of $53.00. This leaves the insider owning 4,598 shares of the company worth $0.27 million. Insiders disposed of 16,585 shares of company stock worth roughly $0.96 million over the past 1 year. A total of 0.27% of the company’s stock is owned by insiders.

On Tuesday morning Fidelity National Information Services, Inc. (NYSE: FIS) stock kicked off with the opening price of $58.67. During the past 12 months, Fidelity National Information Services, Inc. has had a low of $46.91 and a high of $79.32. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 0.76, and a quick ratio of 0.76. The fifty day moving average price for FIS is $53.58 and a two-hundred day moving average price translates $55.57 for the stock.

The latest earnings results from Fidelity National Information Services, Inc. (NYSE: FIS) was released for Sep, 2023. According to the Information Technology Services Company, earnings per share came in at $1.65, beating analysts’ expectations of $1.55 by 0.1. This compares to $0.05 EPS in the same period last year. The net profit margin was -180.33% and return on equity was -72.71% for FIS. The company reported revenue of $2.49 billion for the quarter, compared to $2.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.06 percent. For the current quarter, analysts expect FIS to generate $2.52B in revenue.

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