In last trading session, Fidelity National Information Services, Inc. (NYSE:FIS) saw 3.53 million shares changing hands with its beta currently measuring 0.97. Company’s recent per share price level of $70.52 trading at -$1.74 or -2.41% at ring of the bell on the day assigns it a market valuation of $40.65B. That closing price of FIS’s stock is at a discount of -2.61% from its 52-week high price of $72.36 and is indicating a premium of 33.48% from its 52-week low price of $46.91. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.91 million shares which gives us an average trading volume of 4.51 million if we extend that period to 3-months.
Fidelity National Information Services, Inc. (NYSE:FIS) trade information
Upright in the red during last session for losing -2.41%, in the last five days FIS remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $70.52 price level, adding 2.54% to its value on the day. Fidelity National Information Services, Inc.’s shares saw a change of 17.40% in year-to-date performance and have moved 2.03% in past 5-day. Fidelity National Information Services, Inc. (NYSE:FIS) showed a performance of 10.02% in past 30-days. Number of shares sold short was 14.41 million shares which calculate 3.34 days to cover the short interests.
Fidelity National Information Services, Inc. (FIS) estimates and forecasts
Statistics highlight that Fidelity National Information Services, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 23.61% of value to its shares in past 6 months, showing an annual growth rate of 38.28% while that of industry is 13.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 31.90% in the current quarter and calculating 50.00% increase in the next quarter. This year revenue growth is estimated to rise 3.20% from the last financial year’s standing.
21 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.45 billion for the same. And 21 analysts are in estimates of company making revenue of $2.49 billion in the next quarter that will end on Jun 2024. Company posted $3.51 billion and $3.75 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -30.30% while estimating it to be -33.60% for the next quarter.
In 2024, company’s earnings growth rate is likely to be around 40.05% while estimates for its earnings growth in next 5 years are of -0.60%.
FIS Dividends
Fidelity National Information Services, Inc. is more likely to be releasing its next quarterly report between April 25 and April 29 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Fidelity National Information Services, Inc. (NYSE:FIS)’s Major holders
Insiders are in possession of 0.28% of company’s total shares while institution are holding 97.61 percent of that, with stock having share float percentage of 97.89%. Investors also watch the number of corporate investors in a company very closely, which is 97.61% institutions for Fidelity National Information Services, Inc. that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at FIS for having 57.64 million shares of worth $4.06 billion. And as of Dec 30, 2023, it was holding 10.00% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 57.15 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 9.91% of outstanding shares, having a total worth of $4.03 billion.
On the other hand, Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 24.5 million shares of worth $1.73 billion or 4.25% of the total outstanding shares. The later fund manager was in possession of 14.46 million shares on Dec 30, 2023, making its stake of worth around $1.02 billion in the company or a holder of 2.51% of company’s stock.
