A Few Bright Spots In Fidelity National Information Services, Inc (NYSE: FIS)

Fidelity National Information Services, Inc (NYSE:FIS) currently has a daily average trading volume of 2.94M but it saw 4163661 shares traded in last market. With a market cap of 46.66B USD, the company’s current market price of $86.68 came rising about 0.28 while comparing to the previous closing price of $86.44. In past 52 weeks, the stock remained buoying in the range of price level as high as $91.98 and as low as $49.91. In the recent trading on the day, stock has struck highest price mark of $85.39 while lowest mark touched by it was $86.74.

Taking a look at 20-day trading activity of Fidelity National Information Services, Inc (FIS) gives us an average price of $89.21, while its current price level is -5.76% below from 52-week high level whereas it is 73.67% 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 $85.93 while that of 200 days or SMA-200 reads an average of $75.86. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.51% during that period while stretching the period over a month that decreases to 1.96%. 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 44.58 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 -3.40% down while it is 0.36% when we observe its performance for the past one month. Year-to-date it is 44.30% up and over the past year, the stock is showing an upside performance of 69.63%.

Currently, Fidelity National Information Services, Inc’s total number of outstanding shares is 583.00M. Company’s return on investment (ROI) stands at 2.81% and return on equity (ROE) at 3.15%. It has a price to earnings ratio (P/E ratio) of 64.46 while having a 15.18 of forward P/E ratio. Stock’s beta reads 1.06. Stock has a price to book (P/B) ratio of 2.84 while price to sale or P/S ratio amounts to 4.65. Its return on asset (ROA) is 1.30% on average.