During the recent session, Fidelity National Information Services, Inc. (NYSE:FIS)’s traded shares were 1,662,691, with the beta value of the company hitting 0.84. At the last check, the stock’s price was $149.3, reflecting an intraday gain of 1.65% or $2.42. The 52-week high for the FIS share is $156.73, that puts it down -4.98% from that peak though still a striking +21.6% gain since the share price plummeted to a 52-week low of $117.05. The company’s market capitalization is $92.76 Billion, and the average intraday trading volume over the past 10 days was 2.97 Million shares, and the average trade volume was 4.29 Million shares over the past three months.
Fidelity National Information Services, Inc. (FIS) received a consensus recommendation of Overweight from analysts. That translates to a mean rating of 1.9. FIS has a Sell rating from none of the analyst(s) out of 38 analysts who have looked at this stock. 10 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 26 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $1.24.
Fidelity National Information Services, Inc. (NYSE:FIS): Trading Information
Fidelity National Information Services, Inc. (FIS) registered a 1.65% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.49% in intraday trading to $149.6 this Thursday, Apr 08, hitting a weekly high. The stock’s 5-day price performance is 5.87%, and it has moved by 3.01% in 30 days. Based on these gigs, the overall price performance for the year is 5.24%. The short interest in Fidelity National Information Services, Inc. (NYSE:FIS) is 6.5 Million shares and it means that shorts have 1.52 day(s) to cover.
The consensus price target of analysts on Wall Street is $160.79, which implies an increase of 7.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $136 and $178 respectively. As a result, FIS is trading at a discount of 19.22% off the target high and -8.91% off the low.
Fidelity National Information Services, Inc. (FIS) projections and forecasts
Statistics show that Fidelity National Information Services, Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Fidelity National Information Services, Inc. (FIS) shares have gone up +0.9% during the last six months, with a year-to-date growth rate more than the industry average at 16.12% against 12.4%. Yet analysts are winding down their growth forecast for the fiscal year 2021. Revenue is predicted to decline -3.1% this quarter and then jump 30.4% in the quarter after that. In the rating firms’ projections, revenue will increase 8.7% compared to the previous financial year.
Revenue for the current quarter is expected to be $3.16 Billion as predicted by 26 analyst(s). Meanwhile, a consensus of 26 analyst(s) estimates revenue growth to $3.33 Billion by the end of June 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $3.08 Billion and $2.96 Billion respectively. In this case, analysts expect current quarter sales to grow by 2.6% and then jump by 12.5% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated -35.2%. While earnings are projected to return -61.9% in 2021, the next five years will return 13.97% per annum.
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FIS Dividend Yield
Fidelity National Information Services, Inc. is due to release its next quarterly earnings between May 05 and May 10, 2021. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Fidelity National Information Services, Inc. is 1.56, with the dividend yield indicating at 1.06 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.16%.
Fidelity National Information Services, Inc. (NYSE:FIS)’s Biggest Investors
Fidelity National Information Services, Inc. insiders own 0.38% of total outstanding shares while institutional holders control 92.55%, with the float percentage being 92.91%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 1611 institutions own stock in it. As of Dec 30, 2020, the company held over 48.95 Million shares (or 7.88% of all shares), a total value of $6.92 Billion in shares.
The next largest institutional holding, with 43.07 Million shares, is of Blackrock Inc.’s that is approximately 6.93% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $6.09 Billion.
Also, the Mutual Funds coming in first place with the largest holdings of Fidelity National Information Services, Inc. (FIS) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Dec 30, 2020 indicates that Vanguard Total Stock Market Index Fund owns about 17,493,165 shares. This amounts to just over 2.82 percent of the company’s overall shares, with a $2.47 Billion market value. The same data shows that the other fund manager holds slightly less at 12.43 Million, or about 2% of the stock, which is worth about $1.76 Billion.