On October 15, 2024, Jeffrey Goldstein, Director at Fidelity National Information Services Inc (FIS, Financial), purchased 626 shares of the company. The transaction was documented in a recent SEC Filing. Following this acquisition, the insider now owns 10,397 shares of Fidelity National Information Services Inc.
Fidelity National Information Services Inc specializes in financial services technology, offering a range of solutions including payment processing and banking software. The company's shares were priced at $88.25 on the day of the transaction, resulting in a market cap of approximately $49.06 billion.
The price-earnings ratio of Fidelity National Information Services Inc stands at 66.61, significantly above both the industry median of 26.58 and the company's historical median. This valuation metric suggests a premium compared to industry standards.
According to the GF Value, the intrinsic value of the stock is estimated at $81.95, leading to a price-to-GF-Value ratio of 1.08. This indicates that the stock is Fairly Valued in relation to its calculated GF Value.
Over the past year, Jeffrey Goldstein has increased his holdings in the company by purchasing a total of 4,064 shares, without selling any shares. This pattern of insider buying is consistent with the overall trend at Fidelity National Information Services Inc, which has seen 7 insider buys and no insider sells over the same period.
This insider activity could be a signal to investors about the confidence insiders have in the company's future performance. However, potential investors should also consider other financial metrics and market conditions when evaluating this stock.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
