Nothing is Better Than Fidelity National Information Services Inc. (FIS) stock at the moment

Fidelity National Information Services Inc. (NYSE: FIS) stock fell -7.26% on Friday to $96.57 against a previous-day closing price of $104.13. With 8.28 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.18 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $100.65 whereas the lowest price it dropped to was $95.50. The 52-week range on FIS shows that it touched its highest point at $135.62 and its lowest point at $85.00 during that stretch. It currently has a 1-year price target of $128.45. With its current market cap of 56.83 billion, FIS has annualized dividend of $1.88 while the current yield stands at 1.95%. Beta for the stock currently stands at 0.75.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FIS was down-trending over the past week, with a drop of -4.32%, but this was up by 1.85% over a month. Three-month performance dropped to -7.41% while six-month performance fell -19.60%. The stock lost -25.01% in the past year, while it has lost -11.53% so far this year. A look at the trailing 12-month EPS for FIS yields 1.47 with Next year EPS estimates of 8.30. For the next quarter, that number is 1.71. This implies an EPS growth rate of 166.50% for this year and 14.37% for next year. EPS is expected to grow by 13.48% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -15.80%.

Float and Shares Shorts:

At present, 614.00 million FIS shares are outstanding with a float of 605.81 million shares on hand for trading. On Jul 14, 2022, short shares totaled 7.28 million, which was 1.20% higher than short shares on Jun 14, 2022. In addition to Mr. Gary Adam Norcross as the firm’s Exec. Chairman & CEO, Ms. Stephanie L. Ferris serves as its Pres.

Institutional Ownership:

Through their ownership of 93.07% of FIS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 53.41% of FIS, in contrast to 38.39% held by mutual funds. Shares owned by individuals account for 20.53%. As the largest shareholder in FIS with 7.68% of the stake, The Vanguard Group, Inc. holds 46,874,328 shares worth 46,874,328. A second-largest stockholder of FIS, Capital Research & Management Co, holds 33,768,470 shares, controlling over 5.53% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in FIS, holding 29,582,012 shares or 4.84% stake. With a 2.95% stake in FIS, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 18,009,594 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.21% of FIS stock, is the second-largest Mutual Fund holder. It holds 13,517,687 shares valued at 1.24 billion. Washington Mutual Investors Fund holds 1.79% of the stake in FIS, owning 10,937,494 shares worth 1.0 billion.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FIS since 35 analysts follow the stock currently. There are 22 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 8 believe that the stock is worth HOLDING, 5 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With FIS analysts setting a high price target of $176.00 and a low target of $100.00, the average target price over the next 12 months is $127.71. Based on these targets, FIS could surge 82.25% to reach the target high and rise by 3.55% to reach the target low. Reaching the average price target will result in a growth of 32.25% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. FIS will report FY 2022 earnings on 02/07/2023. Analysts have provided yearly estimates in a range of $7.37 being high and $7.07 being low. For FIS, this leads to a yearly average estimate of $7.25. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Fidelity National Information Services Inc. surprised analysts by $0.01 when it reported $1.47 EPS against a consensus estimate of $1.46. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is $1.75 and the low estimate is $1.66. The average estimate for the next quarter is thus $1.71.

Summary of Insider Activity:

Insiders traded FIS stock several times over the past three months with 9 Buys and 1 Sells. In these transactions, 8,930 shares were bought while 14,910 shares were sold. The number of buy transactions has increased to 57 while that of sell transactions has risen to 51 over the past year. The total number of shares bought during that period was 524,818 while 371,001 shares were sold.

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