FIS Stock Summary and Trading Ideas (Fidelity National Information Services | NYSE:FIS)

Fidelity National Information Services provides core processing and ancillary services to banks, but its business has expanded over time. By acquiring SunGard in 2015, the company now provides record-keeping and other services to investment firms. With the acquisition of Worldpay in 2019, FIS was providing payment processing services for merchants and holding leading positions in the United States and United Kingdom. But the company sold off a majority interest in Worldpay and now has only a minority stake.

Fidelity National Information Services trades on the NYSE stock market under the symbol FIS.

As of April 18, 2024, FIS stock price declined to $70.00 with 3,402,845 million shares trading.

FIS has a beta of 1.09, meaning it tends to be more sensitive to market movements. FIS has a correlation of 0.24 to the broad based SPY ETF.

FIS has a market cap of $40.35 billion. This is considered a Large Cap stock.

Last quarter Fidelity National Information Services reported $3 billion in Revenue and $.94 earnings per share. This fell short of revenue expectation by $-20 million and met earnings estimates .

In the last 3 years, FIS stock traded as high as $155.96 and as low as $46.91.

The top ETF exchange traded funds that FIS belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

FIS has outperformed the market in the last year with a price return of +23.9% while the SPY ETF gained +22.3%. FIS has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +17.7% and -3.6%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

FIS support price is $69.29 and resistance is $71.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FIS stock will trade within this expected range on the day.