The Week Ahead: Are Investors Really Too Optimistic About Fidelity National Information Services, Inc. (NYSE: FIS)

Fidelity National Information Services, Inc. (NYSE:FIS) currently has a daily average trading volume of 2.80M but it saw 2219005 shares traded in last market. With a market cap of 45.67B USD, the company’s current market price of $83.71 came rising about 0.30 while comparing to the previous closing price of $83.46. In past 52 weeks, the stock remained buoying in the range of price level as high as $85.63 and as low as $46.91. In the recent trading on the day, stock has struck highest price mark of $82.77 while lowest mark touched by it was $83.78.

Taking a look at 20-day trading activity of Fidelity National Information Services, Inc. (FIS) gives us an average price of $83.67, while its current price level is -2.24% below from 52-week high level whereas it is 78.44% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $80.43 while that of 200 days or SMA-200 reads an average of $72.40. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.34% during that period while stretching the period over a month that increases to 1.62%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 57.80 which implies that the stock is in neutral territory.

Morgan Stanley downgraded its recommendation for the stock as a “Equal-Weight” from “Overweight” on July 22, 2024 while assigning a price target of $79. Exane BNP Paribas issued its recommendations for the stock as it downgraded the price target for the stock is $72.

Over the week, FIS’s stock price is moving 0.93% up while it is 1.59% when we observe its performance for the past one month. Year-to-date it is 39.35% up and over the past year, the stock is showing an upside performance of 55.74%.

Currently, Fidelity National Information Services, Inc.’s total number of outstanding shares is 583.00M. Company’s return on investment (ROI) stands at 0.22% and return on equity (ROE) at 3.12%. It has a price to earnings ratio (P/E ratio) of 634.65 while having a 14.83 of forward P/E ratio. Stock’s beta reads 1.08. Stock has a price to book (P/B) ratio of 2.70 while price to sale or P/S ratio amounts to 4.59. Its return on asset (ROA) is 1.32% on average.