As of May 1, 2023, Fidelity National Information Services (FIS) opened at a trading price of $58.72 per share on the New York Stock Exchange (NYSE). With a market capitalization of $34.79 billion and a beta of 0.82, FIS is one of the leading providers of financial technology services in the world. Despite its dominance in the industry, it has had to weather significant challenges over the past year, with a one-year low share value of $48.57 and a high of $106.65.
A closer look at its finances reveals that FIS operates with a debt-to-equity ratio of 0.51, a current ratio of 0.74, and a quick ratio of 0.79. The company’s P/E ratio stands at -2.08 which could suggest that investors are perceiving negative growth for this business moving forward.
Furthermore, the company’s recent quarterly report released on April 27th showed profitability despite some recent difficulties as it reported earnings per share (EPS) for the first quarter came in at $1.20, beating analysts’ projected EPS estimate by nine cents ($1.29). This positive margin return led to an increase in revenue against prior years and past quarters.
In light of this situation, several brokerages have issued different ratings for the company’s stock over time; from Credit Suisse Group lowering their price target from $75 to $70 dollars recently or Keefe Bruyette & Woods who raised FIS from Market Perform to Outperform suggesting investors should follow suit if they want solid gains out of their investment portfolio.
Insiders are also involved within FIS operations as Jeffrey A. Goldstein bought nearly 1000 shares back in late April for a total expenditure amounting to almost fifty-five-thousand dollars ($54,835), as can be seen through SEC filings available online.
In conclusion, FIS has seen a rollercoaster of ups and downs, but the resilience it showed this quarter and its relative standing within the industry remains unchanged. With a strong balance sheet and renowned leadership, Fidelity National Information Services’ stock is certainly one to watch moving forward.
[link] [comments] https://www.reddit.com/r/stocks/comments/135fv32/fidelity_national_information_services_fis/
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