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Analysts Say Fidelity National Information Services Inc. (NYSE: FIS) Should Remain On Your Watch List

Fidelity National Information Services Inc. (NYSE:FIS) traded at $74.41 at close of the session on Tuesday, 01/24/23, made a downward move of -0.09% on its previous day’s price.

Looking at the stock we see that its previous close was $74.48 and the beta (5Y monthly) reads 0.85 with the day’s price range being $73.7401 – $75.02. The company has a trailing 12-month PE ratio of 48.57. In terms of its 52-week price range, FIS has a high of $122.06 and a low of $56.53. The company’s stock has gained about 11.36% over that past 30 days.

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Fidelity National Information Services Inc. has a market cap of $42.43 billion and is expected to release its quarterly earnings report on Feb 13, 2023 – Feb 17, 2023. With its Forward Dividend at 1.88 and a yield of 2.53%, the company’s investors could be anxious for the FIS stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.75, with the EPS growth for the year raised at $7.02 for 2022 and $7.56 for next year. These figures represent 7.20% and 7.70% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $3.61 billion, with a low of $3.56 billion and a high of $3.66 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $14.63 billion, or 5.50% up from figures reported last year.

There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the FIS stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.

Based on estimates by 38 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 14 have rated the Fidelity National Information Services Inc. (FIS) stock as a Hold, while 20 rate it as a Buy. 3 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the FIS stock currently stands at 17.75, and the current price level is 7.35% off its SMA20 and 9.07% from its 50-day simple moving average. The RSI (14) is pointing at 65.20 while the volatility over the past week is 3.54% and jumps to 2.69% over the past one month. The beta value is 0.81, while the average true range (ATR) is currently pointing at 2.11. The average price target for the stock over the next 12 months is $82.93, with the estimates having a low of $63.00 and a high of $110.00. These price ends are 15.33% and -47.83% off the current price level respectively, although investors could be excited at the prospect of a -12.89% if the FIS share price touches on the median price of $84.00.

Let’s briefly compare Fidelity National Information Services Inc. (FIS) stock to its peers. We find that current price change of -0.09% and -33.43% over the past 12 months for FIS competes that of Mastercard Incorporated (MA), which has seen its stock price rise 0.38% in the last trading session and was 7.02% over the last one year. Another of its peers PayPal Holdings Inc. (PYPL) has gained 0.10% previous session, and was -51.34% down over the past year, while International Business Machines Corporation (IBM) was also down -0.26% in the last session, while its price remained in the green at 9.39% over the same period. Fidelity National Information Services Inc. has a P/E ratio of 48.57 compared to Mastercard Incorporated’s 37.96 and PayPal Holdings Inc.’s 40.48. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.07% and 0.31%, respectively, at close of the trading.

Coming back to Fidelity National Information Services Inc. (NYSE:FIS), we note that the average 3-month trading volume was 7.43 million, while that of the preceding 10-day period stands at 6.63 million. Current shares outstanding are 605.00 million.

The insiders hold 0.20% of the company’s shares while institutions hold 93.50%. The data shows that short shares as of Oct 13, 2022, stood at 7.55 million at a short ratio of 1.33. This represents a 1.24% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 5.92 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 9.67% up in year-to-date price movement.

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