Fidelity National Information Services, Inc. (FIS) has experienced a significant 27% share price drop in the last month, contributing to a 33% decline over the past year. Despite this, its price-to-sales (P/S) ratio of 2.4x is comparable to the industry median. Analysts forecast an 11% annual revenue growth for FIS over the next three years, higher than the industry’s 9.1%, suggesting the market might be pricing in certain risks that prevent its P/S from reflecting this positive outlook.
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Fidelity National Information Services, Inc. (NYSE:FIS) Stock's 27% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Fidelity National Information Services, Inc. (FIS) has experienced a significant 27% share price drop in the last month, contributing to a 33% decline over the past year. Despite this, its price-to-sales (P/S) ratio of 2.4x is comparable to the industry median. Analysts forecast an 11% annual revenue growth for FIS over the next three years, higher than the industry’s 9.1%, suggesting the market might be pricing in certain risks that prevent its P/S from reflecting this positive outlook.