CEVP, Chief Legal Officer Mayo Marc M sold 34,826 shares in Fidelity National Information Services, Inc. (NYSE:FIS) for $18,134 in transaction occurred on 2019/01/15. After making this transaction, the CEVP, Chief Legal Officer owns a direct stake of 3,656,730 shares, worth $1,932,178, as per the last closing price. On 2018/12/12 Thompson Kathleen T, CSVP, Chief Accounting Officer at FIS, dumped 9,506 shares at an average price of $106.9 per share. The selling total is valued at $840,999.
Separately, it had been reported that some other FIS insiders also took part of the insider trading activity. Corp EVP – Chief Risk Officer, Montana Gregory G had divested 50,354 shares for $8,441 through a trade on 2018/11/13. Following this activity, the insider holds 5,310,333 shares worth $899,389 as of recent close. Wall Street’s most bullish Fidelity National Information Services, Inc. (NYSE:FIS) analysts are predicting the share price to blow past $133 per share during the next 12 months. The current median share price forecast by them is $120, suggesting that the stock could increase 12.62% in that time frame. The average price target of $121.06 calls for a nearly 13.62% increase in the stock price.
Fidelity National Information Services, Inc. (FIS) trading activity significantly improved as the volume at ready counter increased to 3,920,035 shares versus 1,689,225 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,745,624 shares. The share price dropped -2.34% in recent trade and currently has a stock-market value of $34.79B. The shares finished at $106.55, after trading as low as $104.965 earlier in the session. It hit an intraday high Tuesday at $108.43. The stock is now 13.7% above against its bear-market low of $93.71 on April 04, 2018. It has retreated -4.02% since it’s 52-week high of $110.83 reached in September. Now the market price is up 12.12% on the year and up 3.9% YTD.
FIS’s 50 day simple moving average (SMA 50) price is $104.35 and its 200-day simple moving average (SMA 200) price is $105.45. The company’s stock currently has a total float of 325.45M shares. Its weekly volatility is hovering around 1.52% and felt 1.58% volatility in price over a month. On the upside, the share price will test short term resistance at around $108.33. On a downside, the stock is likely to find some support, which begins at $104.87. The failure to get near-term support could push it to $103.18.
It had seen a positive analyst call from Goldman, which upgraded the stock from Neutral to Buy on December 11. Analysts at JP Morgan, shed their positive views on December 12 by lowering it fromOverweight to Neutral. The stock lost favor of KeyBanc Capital Mkts analysts who expressed their lack of confidence in it using a downgrade from Overweight to Sector Weight on November 13. Guggenheim, released new analyst coverage on March 31, calling the stock is Buy.
When looking at valuations, Fidelity National Information Services, Inc. (FIS) has a pricey P/E of 47.27x as compared to industry average of 22.74x. Moreover, it trades for 18.52 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 3.47x price/book and 4.05x price/sales. Compared to others, Fidelity National Information Services, Inc. is in a different league with regards to profitability, having net margins of 17.9%. To put some perspective around this, the industry’s average net margin is 42.35%. FIS’s ROE is 14.7%, which is also considerably worse than the industry’s ROE of 17.16%. It’s also very liquid in the near term, with a current ratio of 1.3. The stock has a debt/capital of 0.9.
Shares of Fidelity National Information Services, Inc. (FIS) have gained 10.1% since the company’s last earnings report. Over the past 12 fiscal quarters, Fidelity National Information Services, Inc. (NYSE:FIS) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 0 quarters (0%), whereas at 2 occasion EPS met analyst expectations. FIS last reported earnings on October 30, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $1.33 per share, -37.26% change on the same period last year. That was better than consensus for $1.3. Revenue for the recent quarter stood at $2.08 billion, down -5% on last year and below the $2.09 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $2.05 billion to $2.15 billion, which should be compared with $2.12 billion generated last year. EPS is seen in a range of $1.3 to $1.38, against the $1.36 reported a year ago.