With over 6.0 million Fidelity National Information Services, Inc. (FIS) shares trading Monday and a closing price of $59.93 on the day, the dollar volume was approximately $359.84 million. The shares have shown a positive half year performance of 9.56% and its price on 12/04/23 gained nearly 0.05%. Currently, there are 591.00M common shares owned by the public and among those 590.88M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 30 analysts who have offered their price forecasts for FIS have a consensus price objective of $64.91. The analysts have set the share’s price value over the next 12 months at a high of $81.00 and a low of $52.00. The average price target is 7.67% above its recent price level and a downside to the estimated low will see the stock lose -15.25% over that period. But an upside of 26.01% will see the stock hit the forecast high price target while median target price for the stock is $65.00.
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Insiders at the company have transacted a total of 60 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 40 of these insider trades were purchases, accounting for 67,180 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 16,585 shares.
Shares of Fidelity National Information Services, Inc. (NYSE: FIS) opened at $59.49, down -$0.41 from a prior closing price of $59.90. The company’s stock has a 5-day price change of 7.04% and 7.71% over the past three months. FIS shares are trading -11.67% year to date (YTD), with the 12-month market performance down to -18.11% lower. It has a 12-month low price of $46.91 and touched a high of $79.32 over the same period. FIS has an average intraday trading volume of 5.22 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.01%, 12.73%, and 7.38% respectively.
Institutional ownership of Fidelity National Information Services, Inc. (NYSE: FIS) shares accounts for 94.23% of the company’s 591.00M shares outstanding.
It has a market capitalization of $35.51B and a beta (3y monthly) value of 0.94. The earnings-per-share (ttm) stands at -$40.95. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.10% over the week and 2.14% over the month.
Analysts forecast that Fidelity National Information Services, Inc. (FIS) will achieve an EPS of $0.94 for the current quarter, $0.96 for the next quarter and $4.52 for 2024. The lowest estimate earnings-per-share for the quarter is $0.9 while analysts give the company a high EPS estimate of $0.99. Comparatively, EPS for the current quarter was $0.98 a year ago. Earnings per share for the fiscal year are expected to decrease by -8.95%, and -24.16% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 30 brokerage firm advisors rate Fidelity National Information Services, Inc. (FIS) as a “Strong Buy” at a consensus score of 1.90. Specifically, 15 Wall Street analysts polled rate the stock as a buy, while 12 of the 30 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the FIS, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on October 20, 2023, with the firm’s price target at $58.
