Saturday, June 25, 2022

Fidelity National Information Services Inc. [FIS] President, Banking Solutions makes an insider sale of 14,910 shares worth 1,461,031.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fidelity National Information Services Inc. shares valued at $1,461,031 were sold by Boyd Martin on Jun 10. At $97.99 per share, Boyd Martin sold 14,910 shares. The insider’s holdings dropped to 20,380 shares worth approximately $1.88 million following the completion of this transaction.

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Also, Norcross Gary sold 20,061 shares, netting a total of over 2,187,853 in proceeds. Following the sale of shares at $109.06 each, the insider now holds 830,571 shares.

Before that, Norcross Gary had sold 105,000 shares from its account. In a trade valued at $11,513,971, the Chairman and CEO traded Fidelity National Information Services Inc. shares for $109.66 each. Upon closing the transaction, the insider’s holdings decreased to 105,000 shares, worth approximately $76.47 million.

As published in a research note from Evercore ISI on June 13, 2022, Fidelity National Information Services Inc. [FIS] has been rated up from an In-line to an Outperform and the price target has been revised to $135 from $115. This represents a 31.8% premium over Wednesday’s closing price. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in mid May. As of April 06, 2022, Stephens has initiated its “an Overweight” rating for FIS. Earlier on April 05, 2022, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for FIS stock.

Analyzing FIS’s Price Performance

On Wednesday, Fidelity National Information Services Inc. [NYSE: FIS] plunged -0.97% to $92.07. The stock’s lowest price that day was $90.50, but it reached a high of $93.23 in the same session. During the last five days, there has been a drop of approximately -3.34%. Over the course of the year, Fidelity National Information Services Inc. shares have dropped approximately -15.65%. Shares of the company reached a 52-week high of $122.06 on 02/01/22 and a 52-week low of $85.00 on 03/08/22. A 50-day SMA is recorded $99.48, while a 200-day SMA reached $107.69. Nevertheless, trading volume fell to 2.62 million shares from 3.45 million shares the previous day.

Support And Resistance Levels for Fidelity National Information Services Inc. (FIS)

According to the 24-hour chart, there is a support level at 90.64, which, if violated, would cause prices to drop to 89.20. In the upper region, resistance lies at 93.37. The next price resistance is at 94.66. RSI (Relative Strength Index) is 36.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.88, which suggests the price will decrease in the coming days. Percent R is at 88.90%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Which companies own the most shares of Fidelity National Information Services Inc. (FIS)?

According to The Vanguard Group, Inc. filings, the company currently owns 46,874,328 shares, which is about 7.68% of the total FIS shares outstanding. The investor’s shares have appreciated by 1,114,624 from its previous 13-F filing of 45759704.0 shares. With the completion of the sale, Capital Research & Management Co’s stake is now worth $3,528,805,115. BlackRock Fund Advisors acquire a 0.46% interest valued at $3.09 billion while SSgA Funds Management, Inc. sold a -75,699 stake. A total of 3,075,338 shares of Fidelity National Information Services Inc. were sold by Wellington Management Co. LLP during the quarter, and 316,450 were bought by Massachusetts Financial Services. In its current portfolio, Morgan Stanley Investment Managem holds 10,491,339 shares valued at $1.1 billion.

In terms of Fidelity National Information Services Inc. share price expectations, FactSet research, analysts set an average price target of $132.87 in the next 12 months, up nearly 39.83% from the previous closing price of $92.97. Analysts anticipate Fidelity National Information Services Inc. stock to reach $176.00 by 2022, with the lowest price target being $102.00. In spite of this, 36 analysts ranked Fidelity National Information Services Inc. stock as a Buy at the end of 2022. On February 16, 2022, Morgan Stanley assigned a price target of “an Equal-weight” to the stock and reiterated coverage with a $113.

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