New Lifetime High Reached By Fidelity National Information Services (FIS)
Trade-Ideas LLC identified
Fidelity National Information Services
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Fidelity National Information Services as such a stock due to the following factors:
- FIS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $252.9 million.
- FIS has traded 35,433 shares today.
- FIS is trading at a new lifetime high.
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More details on FIS:
Fidelity National Information Services, Inc., a financial services technology company, offers a range of solutions in retail and enterprise banking, payments, capital markets, asset and wealth management, risk and compliance, treasury, and insurance. The stock currently has a dividend yield of 1.5%. FIS has a PE ratio of 35. Currently there are 11 analysts that rate Fidelity National Information Services a buy, no analysts rate it a sell, and 3 rate it a hold.
The average volume for Fidelity National Information Services has been 2.3 million shares per day over the past 30 days. Fidelity National Information Services has a market cap of $23.0 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 0.77 and a short float of 1.5% with 1.28 days to cover. Shares are up 17.6% year-to-date as of the close of trading on Monday.
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Analysis:
rates Fidelity National Information Services as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
Highlights from the ratings report include:
- The revenue growth greatly exceeded the industry average of 8.4%. Since the same quarter one year prior, revenues rose by 40.3%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Net operating cash flow has significantly increased by 66.59% to $385.00 million when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 31.80%.
- 42.23% is the gross profit margin for FIDELITY NATIONAL INFO SVCS which we consider to be strong. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, FIS's net profit margin of 2.52% significantly trails the industry average.
- Even though the current debt-to-equity ratio is 1.20, it is still below the industry average, suggesting that this level of debt is acceptable within the IT Services industry. Regardless of the somewhat mixed results with the debt-to-equity ratio, the company's quick ratio of 0.87 is weak.
- FIDELITY NATIONAL INFO SVCS has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past year. However, we anticipate this trend reversing over the coming year. During the past fiscal year, FIDELITY NATIONAL INFO SVCS reported lower earnings of $2.22 versus $2.39 in the prior year. This year, the market expects an improvement in earnings ($3.79 versus $2.22).
- You can view the full Fidelity National Information Services Ratings Report.
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