Could Fidelity National Information Services, Inc. (FIS) Lose its Strength? The Stock Reaches 52-Week High

January 22, 2018 - By Adrian Erickson

Investors sentiment increased to 1.07 in Q3 2017. Its up 0.13, from 0.94 in 2017Q2. It is positive, as 34 investors sold Fidelity National Information Services, Inc. shares while 187 reduced holdings. 61 funds opened positions while 175 raised stakes. 286.04 million shares or 1.76% more from 281.10 million shares in 2017Q2 were reported.
Lord Abbett Communication Lc holds 0.38% or 1.39M shares. 88,280 were reported by Ontario Teachers Pension Plan Board. Whittier accumulated 1,748 shares or 0.01% of the stock. Numeric Ltd Co invested 0% of its portfolio in Fidelity National Information Services, Inc. (NYSE:FIS). Maltese Lc invested 0.46% in Fidelity National Information Services, Inc. (NYSE:FIS). Old Commercial Bank In invested 0.03% of its portfolio in Fidelity National Information Services, Inc. (NYSE:FIS). Addison Capital holds 2,665 shares or 0.22% of its portfolio. Valley Natl Advisers holds 0.01% or 222 shares. Trust Of Vermont invested in 576 shares. Regions Fin reported 0.01% in Fidelity National Information Services, Inc. (NYSE:FIS). Park Corporation Oh holds 0.01% or 2,576 shares in its portfolio. Fifth Third National Bank holds 0% or 2,478 shares in its portfolio. Manchester Capital Mngmt Limited Com stated it has 0.03% of its portfolio in Fidelity National Information Services, Inc. (NYSE:FIS). Aldebaran, a Tennessee-based fund reported 8,496 shares. Neuberger Berman Group Inc Incorporated Ltd has 0.12% invested in Fidelity National Information Services, Inc. (NYSE:FIS) for 1.06M shares.

Since August 4, 2017, it had 0 insider purchases, and 6 insider sales for $49.17 million activity. Jabbour Anthony M sold $9.24M worth of stock. 400,000 shares were sold by MARTIRE FRANK R, worth $36.14M. HUNT DAVID K sold $1.61 million worth of stock or 17,000 shares. On Friday, August 4 Stallings James B JR sold $196,986 worth of Fidelity National Information Services, Inc. (NYSE:FIS) or 2,181 shares.

The stock of Fidelity National Information Services, Inc. (NYSE:FIS) hit a new 52-week high and has $102.99 target or 4.00 % above today’s $99.03 share price. The 9 months bullish chart indicates low risk for the $33.06B company. The 1-year high was reported on Jan, 22 by Barchart.com. If the $102.99 price target is reached, the company will be worth $1.32B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.56% or $0.56 during the last trading session, reaching $99.03. About 344,437 shares traded. Fidelity National Information Services, Inc. (NYSE:FIS) has risen 14.58% since January 22, 2017 and is uptrending. It has underperformed by 2.12% the S&P500.

Analysts await Fidelity National Information Services, Inc. (NYSE:FIS) to report earnings on February, 6. They expect $1.34 earnings per share, up 17.54 % or $0.20 from last year’s $1.14 per share. FIS’s profit will be $447.36M for 18.48 P/E if the $1.34 EPS becomes a reality. After $1.18 actual earnings per share reported by Fidelity National Information Services, Inc. for the previous quarter, Wall Street now forecasts 13.56 % EPS growth.

Fidelity National Information Services, Inc. (NYSE:FIS) Ratings Coverage

Among 24 analysts covering Fidelity National Information Services (NYSE:FIS), 21 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Fidelity National Information Services has $110 highest and $70 lowest target. $97.19’s average target is -1.86% below currents $99.03 stock price. Fidelity National Information Services had 58 analyst reports since August 7, 2015 according to SRatingsIntel. BMO Capital Markets initiated the stock with “Outperform” rating in Friday, January 6 report. The rating was maintained by JP Morgan with “Overweight” on Wednesday, November 1. The company was initiated on Friday, October 7 by Cantor Fitzgerald. The stock has “Buy” rating by Cowen & Co on Wednesday, October 11. Robert W. Baird maintained Fidelity National Information Services, Inc. (NYSE:FIS) rating on Tuesday, October 10. Robert W. Baird has “Outperform” rating and $108 target. SunTrust maintained it with “Buy” rating and $105.0 target in Tuesday, October 31 report. The stock has “Neutral” rating by Goldman Sachs on Tuesday, March 28. As per Thursday, August 3, the company rating was maintained by Stephens. The stock has “Buy” rating by SunTrust on Friday, September 11. On Wednesday, September 30 the stock rating was initiated by Cowen & Co with “Outperform”.

More important recent Fidelity National Information Services, Inc. (NYSE:FIS) news were published by: Seekingalpha.com which released: “Fidelity National Information Services Looks Ready To Grow Again” on August 31, 2017, also Seekingalpha.com published article titled: “Fidelity National Information Services (FIS) Q3 2017 Results – Earnings Call …”, Twst.com published: “Fidelity National Information Services Inc.: FIS to Report Fourth Quarter and …” on January 04, 2018. More interesting news about Fidelity National Information Services, Inc. (NYSE:FIS) was released by: Seekingalpha.com and their article: “Fidelity National Information Services (FIS) Q2 2017 Results – Earnings Call …” with publication date: August 02, 2017.

Fidelity National Information Services, Inc., a financial services technology company, offers a range of solutions in retail and institutional banking, payments, asset and wealth management, and risk and compliance in the United States. The company has market cap of $33.06 billion. The firm operates through Integrated Financial Solutions and Global Financial Solutions divisions. It has a 61.28 P/E ratio. It also provides financial consulting and outsourcing services.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: