Better Times Ahead For Fidelity National Information Services, Inc. (NYSE: FIS)?

Fidelity National Information Services, Inc. (FIS) concluded trading on Thursday at a closing price of $82.31, with 3.3 million shares of worth about $271.76 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.85% during that period and on September 25, 2024 the price saw a loss of about -2.05%. Currently the company’s common shares owned by public are about 583.00M shares, out of which, 545.07M shares are available for trading.

Stock saw a price change of -2.51% in past 5 days and over the past one month there was a price change of 2.40%. Year-to-date (YTD), FIS shares are showing a performance of 37.02% which increased to 47.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $46.91 but also hit the highest price of $85.63 during that period. The average intraday trading volume for Fidelity National Information Services, Inc. shares is 2.84 million. The stock is currently trading -1.10% below its 20-day simple moving average (SMA20), while that difference is up 3.67% for SMA50 and it goes to 15.04% higher than SMA200.

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Fidelity National Information Services, Inc. (NYSE: FIS) currently have 583.00M outstanding shares and institutions hold larger chunk of about 97.09% of that.

The stock has a current market capitalization of $44.91B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 624.03, while it has posted earnings per share of $0.13 in the same period. It has Quick Ratio of 1.35 while making debt-to-equity ratio of 0.66. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FIS, volatility over the week remained 1.60% while standing at 1.71% over the month.

Stock’s fiscal year EPS is expected to rise by 52.46% while it is estimated to increase by 9.84% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on July 22, 2024 offering an Equal-weight rating for the stock and assigned a target price of $79 to it. Coverage by Exane BNP Paribas stated Fidelity National Information Services, Inc. (FIS) stock as a Neutral in their note to investors on April 11, 2024, suggesting a price target of $72 for the stock. On March 13, 2024, Robert W. Baird Downgrade their recommendations, while on February 29, 2024, Goldman Resumed their ratings for the stock with a price target of $84. Stock get a Neutral rating from UBS on October 20, 2023.

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