In yesterday’s Wall Street session, Fidelity National Information Services, Inc. (NYSE:FIS) shares traded at $70.81, down -1.52% from the previous session.
FIS stock price is now 2.13% away from the 50-day moving average and 17.63% away from the 200-day moving average. The market capitalization of the company currently stands at $40.82B.
With the price target maintained at $72, Exane BNP Paribas recently Downgraded its rating from Outperform to Neutral for Fidelity National Information Services, Inc. (NYSE: FIS). On March 13, 2024, Robert W. Baird Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock increasing its target price from $76 to quote $78, while ‘Goldman’ rates the stock as ‘Buy’
In other news, Goldstein Jeffrey A, Director bought 775 shares of the company’s stock on Apr 15 ’24. The stock was bought for $56,087 at an average price of $72.37. Upon completion of the transaction, the Director now directly owns 9,052 shares in the company, valued at $0.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 17 ’24, Director Goldstein Jeffrey A bought 899 shares of the business’s stock. A total of $54,228 was incurred on buying the stock at an average price of $60.32. This leaves the insider owning 8,277 shares of the company worth $0.59 million. A total of 0.28% of the company’s stock is owned by insiders.
During the past 12 months, Fidelity National Information Services, Inc. has had a low of $46.91 and a high of $74.75. As of last week, the company has a debt-to-equity ratio of 1.01, a current ratio of 0.75, and a quick ratio of 0.75.
According to the Information Technology Services Company, earnings per share came in at 0.72, missing analysts’ expectations of 1.2 by -0.48. This compares to $0.96 EPS in the same period last year. The net profit margin was -54.30% and return on equity was -26.49% for FIS. The company reported revenue of $76.0 million for the quarter, compared to $93.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.28 percent. For the current quarter, analysts expect FIS to generate $2.45B in revenue.
