During the last session, Fidelity National Information Services, Inc. (NYSE:FIS)’s traded shares were 2.87 million, with the beta value of the company hitting 0.98. At the end of the trading day, the stock’s price was $72.44, reflecting an intraday gain of 0.75% or $0.54. The 52-week high for the FIS share is $74.75, that puts it down -3.19 from that peak though still a striking 35.24% gain since the share price plummeted to a 52-week low of $46.91. The company’s market capitalization is $41.76B, and the average intraday trading volume over the past 10 days was 4.56 million shares, and the average trade volume was 4.61 million shares over the past three months.
Fidelity National Information Services, Inc. (NYSE:FIS) trade information
Fidelity National Information Services, Inc. (FIS) registered a 0.75% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.75% in intraday trading to $72.44, hitting a weekly high. The stock’s 5-day price performance is -2.35%, and it has moved by 3.74% in 30 days. Based on these gigs, the overall price performance for the year is 36.81%. The short interest in Fidelity National Information Services, Inc. (NYSE:FIS) is 14.19 million shares and it means that shorts have 3.13 day(s) to cover.
Fidelity National Information Services, Inc. (FIS) estimates 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 33.41% during the last six months, with a year-to-date growth rate more than the industry average at 38.28% against 14.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 31.90% this quarter and then jump 50.00% in the quarter after that. In the rating firms’ projections, revenue will increase 3.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $2.45 billion as predicted by 20 analyst(s). Meanwhile, a consensus of 20 analyst(s) estimates revenue growth to $2.49 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $3.51 billion and $3.75 billion respectively. In this case, analysts expect current quarter sales to shrink by -30.30% and then drop by -33.60% in the coming quarter.
While earnings are projected to return 40.04% in 2024, the next five years will return -0.60% per annum.
FIS Dividends
Fidelity National Information Services, Inc. is due to release its next quarterly earnings between April 25 and April 29. 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 1.92, with the dividend yield indicating at 2.65 percent, continuing the trend of increasing dividends in recent years.
Fidelity National Information Services, Inc. (NYSE:FIS)’s Major holders
Fidelity National Information Services, Inc. insiders own 0.28% of total outstanding shares while institutional holders control 97.64%, with the float percentage being 97.91%. Blackrock Inc. is the largest shareholder of the company, while 1,342 institutions own stock in it. As of Jun 29, 2023, the company held over 60.47 million shares (or 10.21% of all shares), a total value of $3.31 billion in shares.
The next largest institutional holding, with 51.38 million shares, is of Vanguard Group Inc’s that is approximately 8.67% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $2.81 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 Dodge & Cox Stock Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 18.45 million shares. This amounts to just over 3.11 percent of the company’s overall shares, with a $1.01 billion market value. The same data shows that the other fund manager holds slightly less at 18.07 million, or about 3.05% of the stock, which is worth about $988.47 million.
