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Tuesday, September 26, 2023

What Are The Chances Of Fidelity National Information Services Inc. (NYSE: FIS) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Fidelity National Information Services Inc. (FIS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.22, or 0.39%, to $57.12. The Fidelity National Information Services Inc. has recorded 379,977 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that FIS to Present at Upcoming Conference.

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Stocks Info

As a NYSE listed company, FIS falls under the Technology sector while operating within the Information Technology Services industry segment. At the end of the last regular session, the stock closed at $56.90 and fluctuated between $57.56 as its day high and $56.42 as its day low. The current market capitalization of Fidelity National Information Services Inc. is $33.40B. A total of 9.04 million shares were traded on the day, compared to an average of 4.40M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, FIS has seen 2 BUY and 1 SELL insider trades, representing the acquisition of 1,689 and the disposition of 3,451 shares. Over the last 12 months, there were 44 BUYs and 26 SELLs from insiders. Insiders purchased 193,417 shares during that period but sold 67,072.

In the most recent transaction, Goldstein Jeffrey A bought 929 shares of FIS for 58.82 per share on Jul 17. After the transaction, the Director now owns 6,333 company shares. In a previous transaction on Jul 17, Alemany Ellen R bought 760 shares at 58.82 per share. FIS shares that Director owns now total 3,743.

Among the insiders who sold shares, Hoag Erik D disposed of 3,451 shares on Jun 20 at a per-share price of $54.15. This resulted in the CEVP Chief Financial Officer holding 19,887 shares of FIS after the transaction. In another insider transaction, Goldstein Jeffrey A bought 958 shares at $57.24 per share on Apr 17. Company shares held by the Director now total 5,404.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. FIS’s most recent ex-dividend date was 9/7/2023 when it declared a $0.52 quarterly dividend that was paid in cash on 9/22/2023. Previously, the company paid the dividend on 6/23/2023 with an ex-dividend date of 6/8/2023. The FIS stock dividend was $0.52 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for FIS in the last 3 months, the mean price target is $68.93 with high estimates of $81.00 and low estimates of $60.00. In terms of 52-week highs and lows, FIS has a high of $88.06 and a low of $48.57.

As of this writing, FIS has an earnings estimate of $1.58 per share for the current quarter. EPS was calculated based on a consensus of 22 estimates, with a high estimate of $1.65 per share and a lower estimate of $1.49. The company reported an EPS of $1.29 in the last quarter, which was 7.50% higher than expectations of $1.2.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. FIS’s latest balance sheet shows that the firm has $2.01B in Cash & Short Term Investments as of fiscal 2021. There were $20.35B in debt and $14.47B in liabilities at the time. Its Book Value Per Share was $34.23, while its Total Shareholder’s Equity was $47.53B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FIS is Buy with a score of 4.13.

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