Reviewing The Case For Fidelity National Information Services, Inc. (FIS) Going Higher

Currently, there are 583.00M common shares owned by the public and among those 545.16M shares have been available to trade.

The company’s stock has a 5-day price change of 2.25% and 3.31% over the past three months. FIS shares are trading 30.28% year to date (YTD), with the 12-month market performance up to 39.03% higher. It has a 12-month low price of $46.91 and touched a high of $78.73 over the same period. FIS has an average intraday trading volume of 3.64 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 3.24%, 3.24%, and 16.22% respectively.

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Institutional ownership of Fidelity National Information Services, Inc. (NYSE: FIS) shares accounts for 101.26% of the company’s 583.00M shares outstanding.

It has a market capitalization of $42.70B and a beta (3y monthly) value of 1.07. The stock’s trailing 12-month PE ratio is 593.33, while the earnings-per-share (ttm) stands at $0.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.49% over the week and 2.28% over the month.

Earnings per share for the fiscal year are expected to increase by 52.35%, and 9.84% over the next financial year.

Looking at the support for the FIS, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on July 22, 2024, with the firm’s price target at $79. Exane BNP Paribas coverage for the Fidelity National Information Services, Inc. (FIS) stock in a research note released on April 11, 2024 offered a Neutral rating with a price target of $72. Robert W. Baird was of a view on March 13, 2024 that the stock is Neutral, while Goldman gave the stock Buy rating on February 29, 2024, issuing a price target of $84. UBS on their part issued Neutral rating on October 20, 2023.

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