Fidelity National Information Services Inc. (NYSE: FIS) stock fell -3.46% on Wednesday to $53.86 against a previous-day closing price of $55.79. With 5.06 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.93 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $55.29 whereas the lowest price it dropped to was $53.65. The 52-week range on FIS shows that it touched its highest point at $106.65 and its lowest point at $48.57 during that stretch. It currently has a 1-year price target of $76.23. With its current market cap of 32.48 billion, FIS has annualized dividend of $2.08 while the current yield stands at 3.86%. Beta for the stock currently stands at 0.83.
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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 -3.79%, but this was down by -2.57% over a month. Three-month performance dropped to -18.62% while six-month performance fell -12.51%. The stock lost -47.05% in the past year, while it has lost -20.62% so far this year. A look at the trailing 12-month EPS for FIS yields -28.23 with Next year EPS estimates of 6.51. For the next quarter, that number is 1.48. This implies an EPS growth rate of -10.70% for this year and 9.50% for next year. EPS is expected to grow by 2.05% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.26%.
Float and Shares Shorts:
At present, 592.00 million FIS shares are outstanding with a float of 587.96 million shares on hand for trading. On May 14, 2023, short shares totaled 9.27 million, which was 1.57% higher than short shares on Apr 13, 2023. In addition to Ms. Stephanie L. Ferris as the firm’s CEO, Pres & Director, Mr. Erik D. Hoag serves as its Corp. Exec. VP & CFO.
Institutional Ownership:
Through their ownership of 93.90% of FIS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.55% of FIS, in contrast to 36.26% held by mutual funds. Shares owned by individuals account for 21.22%. As the largest shareholder in FIS with 8.58% of the stake, The Vanguard Group, Inc. holds 50,809,228 shares worth 50,809,228. A second-largest stockholder of FIS, Capital Research & Management Co, holds 28,459,690 shares, controlling over 4.81% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in FIS, holding 28,142,230 shares or 4.75% stake. With a 3.12% stake in FIS, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 18,479,147 shares are owned by the mutual fund manager. The Dodge & Cox Stock Fund, which owns about 3.04% of FIS stock, is the second-largest Mutual Fund holder. It holds 18,006,200 shares valued at 1.06 billion. Vanguard 500 Index Fund holds 2.35% of the stake in FIS, owning 13,927,442 shares worth 817.82 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, FIS reported revenue of $3.72B and operating income of $403.00M. The EBITDA in the recently reported quarter was $1.41B and diluted EPS was $0.45.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FIS since 0 analysts follow the stock currently. 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 $90.00 and a low target of $56.00, the average target price over the next 12 months is $71.35. Based on these targets, FIS could surge 67.1% to reach the target high and rise by 3.97% to reach the target low. Reaching the average price target will result in a growth of 32.47% 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.
Summary of Insider Activity:
Insiders traded FIS stock several times over the past three months with 22 Buys and 18 Sells. In these transactions, 36,580 shares were bought while 13,016 shares were sold. The number of buy transactions has increased to 49 while that of sell transactions has risen to 48 over the past year. The total number of shares bought during that period was 627,173 while 522,610 shares were sold.
