Fidelity National Information Services, Inc. (FIS)
Publication Date: September 22, 2024
Fidelity National Information Services, Inc. (FIS) remains a leading global provider of financial services technology. Established in 1968 and headquartered in Jacksonville, Florida, FIS operates primarily in the Information Technology Services industry within the broader Technology sector. The company’s service offerings encompass a broad spectrum through its Banking Solutions and Capital Market Solutions segments, including core processing, mobile banking, fraud management, and payment solutions, tailored to meet the diverse needs of financial institutions, businesses, and developers globally.
Financial Outlook and Market Position
FIS has demonstrated a robust financial performance with an impressive total revenue of approximately $9.96 billion, underlining its stability and growth potential in a competitive milieu. Analysts project a favorable target high price for the stock of $96.00, indicating considerable upside potential for investors. The current stock price, around $84.06, is positioned slightly above its calculated mean price of $83.57, reflecting a positive market sentiment. Notably, the stock trades near its fifty-two week high of $85.63, suggesting a solid performance trajectory with strong recovery from a low of $46.91.
Investors should also note that FIS has a total of 545,566,016 shares outstanding, with a relatively low short interest of approximately 2.85% of the float, indicating confidence among holders regarding the company’s future potential. This limited short selling could suggest stability in investor sentiment and a bullish outlook on stock performance.
Technical Indicators and Analyst Ratings
The fifty-day moving average for FIS stands at $79.08, illustrating a bullish trend as the current stock price trades well above this benchmark, suggesting strong upward momentum. Analysts express a generally favorable perspective on the stock with a mean recommendation rating of 2.2, reflecting a consensus that aligns with the bullish outlook corroborated by 23 analysts.
In addition to the high target price of $96.00, predictions for the stock range from a target low of $53.00 to a target median of $86.22. This spectrum indicates potential market fluctuations but supports an overall optimistic sentiment regarding Fidelity National Information Services’ future performance in an evolving financial technology landscape.
In conclusion, Fidelity National Information Services represents a compelling investment opportunity characterized by strong revenue growth, positive analyst sentiment, and an encouraging market position within the technology sector.
| Metric | Value |
|---|---|
| Market Cap | $45.9b |
| Total Debt | $11.2b |
| Total Cash | $2.1b |
| Shares Outstanding | 545.6m |
| Float Shares | 543.0m |
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