14-May-2024
Seth Klarman's Baupost cuts Warner Bros. stake, takes in SoundHound, among others
Seeking Alpha News (Tue, 14-May 6:51 PM ET)
Fidelity National Info (FIS): New Buy Recommendation for This Technology Giant
TipRanks (Tue, 14-May 1:25 AM ET)
FIS to Present at Upcoming Conference
Business Wire (Mon, 13-May 4:30 PM ET)
TipRanks (Mon, 13-May 8:50 AM ET)
FIS Launches Innovative New Fintech Platform Atelio by FIS
Business Wire (Tue, 7-May 8:00 AM ET)
FIS Hosts 2024 Investor Day: Outlines Strategy and Provides Medium-Term Outlook
Business Wire (Tue, 7-May 7:45 AM ET)
FIS Reports Strong First Quarter 2024 Results and Increases Full-Year Adjusted EPS Outlook
Business Wire (Mon, 6-May 4:00 PM ET)
FIS Announces Quarterly Dividend
Business Wire (Thu, 25-Apr 4:30 PM ET)
Business Wire (Thu, 18-Apr 4:30 PM ET)
FIS Named as One of the Most Trustworthy Companies in America for Second Consecutive Year
Business Wire (Thu, 18-Apr 8:00 AM ET)
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 May 14, 2024, FIS stock price climbed to $76.39 with 3,706,357 million shares trading.
FIS has a beta of 0.93, meaning it tends to be less sensitive to market movements. FIS has a correlation of 0.20 to the broad based SPY ETF.
FIS has a market cap of $42.49 billion. This is considered a Large Cap stock.
Last quarter Fidelity National Information Services reported $2 billion in Revenue and $1.10 earnings per share. This beat revenue expectation by $17 million and exceeded earnings estimates by $.15.
In the last 3 years, FIS stock traded as high as $152.20 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 +42.2% while the SPY ETF gained +28.8%. FIS has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +22.5% and +12.5%, respectively, while the SPY returned +5.3% and +4.2%, respectively.
FIS support price is $74.71 and resistance is $76.79 (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.