Fidelity National Information Services (FIS) has risen sharply, recording gains of 4.21% in the past 4 weeks. However, the stock has corrected -0.38% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.68% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Fidelity National Information Services (NYSE:FIS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.59 and $78.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.23, notching a gain of 1.29% for the day. The total traded volume was 1,030,778 . The stock had closed at $78.22 on the previous day.
The stock has recorded a 20-day Moving Average of 1.52% and the 50-Day Moving Average is 5.1%. Fidelity National Information Services, Inc. is up 11.6% in the last 3-month period. Year-to-Date the stock performance stands at 31.75%.
Fidelity National Information Services (FIS) : The most positive equity analysts on Fidelity National Information Services (FIS) expects the shares to touch $94, whereas, the least positive believes that the stock will trade at $80 in the short term. The company is covered by 14 Wall Street Brokerage Firms. The average price target for shares are $86.86 with an expected fluctuation of $4.54 from the mean.
Fidelity National Information Services, Inc. is a provider of banking and payments technology, consulting and outsourcing solutions. The Company operates through four segments: Financial Solutions Group provides services and software to satisfy the processing, technology, and outsourcing needs of its financial institution clients in North America. Payment Solutions Group provides services and software for the electronic funds transfer, card processing, item processing, bill payment, and government payments processing needs of its clients in North America. International Solutions Group offers banking applications, channel solutions, debit/credit/and prepaid card and merchant services, wealth management services, item processing and check risk management solutions to financial institutions, card issuers, commercial enterprises and government operations. Corporate and Other consists of the corporate overhead and costs of leveraged functions that are not allocated to operating segments.