A Reversal for Fidelity National Information Services, Inc. (FIS) Is Not Near. The Stock Reaches 52-Week High Today

June 13, 2018 - By Mona Holcomb

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

Investors sentiment decreased to 0.83 in Q1 2018. Its down 0.28, from 1.11 in 2017Q4. It dived, as 37 investors sold Fidelity National Information Services, Inc. shares while 231 reduced holdings. 66 funds opened positions while 156 raised stakes. 277.95 million shares or 1.09% less from 281.01 million shares in 2017Q4 were reported.
Metropolitan Life Insur invested in 0% or 59,531 shares. Illinois-based Country Trust Financial Bank has invested 0% in Fidelity National Information Services, Inc. (NYSE:FIS). Minnesota-based Walleye Trading Ltd Liability Co has invested 0% in Fidelity National Information Services, Inc. (NYSE:FIS). Thrivent For Lutherans invested in 0.14% or 427,923 shares. Apg Asset Nv invested in 273,360 shares or 0.04% of the stock. Nordea Inv Mngmt stated it has 48,938 shares or 0.01% of all its holdings. Janney Montgomery Scott Limited Co stated it has 0.02% of its portfolio in Fidelity National Information Services, Inc. (NYSE:FIS). Sun Life accumulated 0% or 146 shares. Whittier Of Nevada, a Nevada-based fund reported 52 shares. Envestnet Asset Management invested in 0.01% or 44,360 shares. Levin Cap Strategies Lp invested in 6,000 shares or 0.01% of the stock. Bbva Compass Bancshares accumulated 3,293 shares or 0.02% of the stock. Moreover, Brown Advisory Limited Liability Co has 0.32% invested in Fidelity National Information Services, Inc. (NYSE:FIS) for 17,620 shares. Glenmede Na accumulated 3,511 shares or 0% of the stock. Franklin Res Incorporated reported 877,906 shares.

Since December 15, 2017, it had 0 insider buys, and 7 sales for $86.99 million activity. Williams Lenore D sold $820,045 worth of stock or 7,843 shares. $341,545 worth of Fidelity National Information Services, Inc. (NYSE:FIS) was sold by JAMES STEPHAN A. $8.77M worth of Fidelity National Information Services, Inc. (NYSE:FIS) shares were sold by Woodall James W.. $1.61M worth of Fidelity National Information Services, Inc. (NYSE:FIS) was sold by HUNT DAVID K on Friday, December 15.

The stock of Fidelity National Information Services, Inc. (NYSE:FIS) hit a new 52-week high and has $115.31 target or 7.00 % above today’s $107.77 share price. The 8 months bullish chart indicates low risk for the $35.67 billion company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $115.31 price target is reached, the company will be worth $2.50 billion 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 $0.6 during the last trading session, reaching $107.77. About 399,502 shares traded. Fidelity National Information Services, Inc. (NYSE:FIS) has risen 21.20% since June 13, 2017 and is uptrending. It has outperformed by 8.63% the S&P500.

Analysts await Fidelity National Information Services, Inc. (NYSE:FIS) to report earnings on August, 1. They expect $1.20 EPS, up 17.65 % or $0.18 from last year’s $1.02 per share. FIS’s profit will be $397.21 million for 22.45 P/E if the $1.20 EPS becomes a reality. After $1.09 actual EPS reported by Fidelity National Information Services, Inc. for the previous quarter, Wall Street now forecasts 10.09 % EPS growth.

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

Among 10 analysts covering Fidelity National Info (NYSE:FIS), 10 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Fidelity National Info has $118 highest and $104.0 lowest target. $113.70’s average target is 5.50% above currents $107.77 stock price. Fidelity National Info had 13 analyst reports since January 4, 2018 according to SRatingsIntel. As per Wednesday, May 2, the company rating was maintained by Citigroup. SunTrust maintained the shares of FIS in report on Friday, March 23 with “Buy” rating. Robert W. Baird maintained Fidelity National Information Services, Inc. (NYSE:FIS) on Monday, May 7 with “Buy” rating. Cowen & Co maintained it with “Buy” rating and $109.0 target in Tuesday, February 6 report. RBC Capital Markets maintained Fidelity National Information Services, Inc. (NYSE:FIS) rating on Thursday, January 4. RBC Capital Markets has “Buy” rating and $110.0 target. On Monday, February 5 the stock rating was maintained by Stephens with “Buy”. The firm has “Buy” rating by Stephens given on Thursday, April 5. The stock of Fidelity National Information Services, Inc. (NYSE:FIS) has “Outperform” rating given on Wednesday, February 7 by BMO Capital Markets. Oppenheimer maintained the shares of FIS in report on Tuesday, May 8 with “Buy” rating. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, May 9 report.

More recent Fidelity National Information Services, Inc. (NYSE:FIS) news were published by: Bizjournals.com which released: “FIS extends relations with Minor League Baseball, Jumbo Shrimp” on May 21, 2018. Also Businesswire.com published the news titled: “US Consumers are Unprepared for Coming Wealth Transfer, New FIS Study Finds” on May 16, 2018. Businesswire.com‘s news article titled: “FIS to Present at Baird’s 2018 Global Consumer, Technology & Services Conference” with publication date: May 16, 2018 was also an interesting one.

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 $35.67 billion. The firm operates through Integrated Financial Solutions and Global Financial Solutions divisions. It has a 27.42 P/E ratio. It also provides financial consulting and outsourcing services.

Fidelity National Information Services, Inc. (NYSE:FIS) Institutional Positions Chart

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