Home Insiders Updates An Analysis of Fidelity National Information Services Inc. (FIS)’s Potential Price Growth

An Analysis of Fidelity National Information Services Inc. (FIS)’s Potential Price Growth

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An Analysis of Fidelity National Information Services Inc. (FIS)’s Potential Price Growth

Fidelity National Information Services Inc.’s recent filing unveils that its Chairman and CEO Norcross Gary unloaded Company’s shares for reported $3.67 million on Sep 12. In the deal valued at $93.20 per share,39,403 shares were sold. As a result of this transaction, Norcross Gary now holds 846,643 shares worth roughly $ 50.94 million.


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Then, Norcross Gary sold 80,000 shares, generating $7,271,320 in total proceeds. Upon selling the shares at $90.89, the Chairman and CEO now owns 846,643 shares.

Before that, Norcross Gary sold 80,000 shares. Fidelity National Information Services Inc. shares valued at $7,177,888 were divested by the Chairman and CEO at a price of $89.72 per share. As a result of the transaction, Norcross Gary now holds 846,643 shares, worth roughly $50.94 million.

Wolfe Research downgraded its Fidelity National Information Services Inc. [FIS] rating to a Peer perform from a an Outperform in a research note published on Friday. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Perform”. Atlantic Equities also remained covering FIS and has decreased its forecast on October 12, 2022 with a “Neutral” recommendation from previously “an Overweight” rating. Keefe Bruyette revised its rating on September 19, 2022. It rated FIS as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of FIS

On Friday, Fidelity National Information Services Inc. [NYSE:FIS] saw its stock jump 5.23% to $60.17. On the same session, the stock had its day’s lowest price of $57.01, but rose to a high of $60.37. Over the last five days, the stock has lost -29.13%. Fidelity National Information Services Inc. shares have fallen nearly -44.87% since the year began. Nevertheless, the stocks have fallen -46.16% over the past one year. While a 52-week high of $122.06 was reached on 02/01/22, a 52-week low of $56.53 was recorded on 11/03/22. SMA at 50 days reached $81.29, while 200 days put it at $95.09. A total of 22.11 million shares were traded, compared to the trading of 26.9 million shares in the previous session.

Levels Of Support And Resistance For FIS Stock

The 24-hour chart illustrates a support level at 58.00, which if violated will result in even more drops to 55.82. On the upside, there is a resistance level at 61.36. A further resistance level may holdings at 62.54. The Relative Strength Index (RSI) on the 14-day chart is 26.63, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.29%. Stochastics %K at 19.95% indicates the stock is a buying.

How much short interest is there in Fidelity National Information Services Inc.?

A steep rise in short interest was recorded in Fidelity National Information Services Inc. stocks on Jul 14, 2022, growing by 1.23 million shares to a total of 7.28 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 6.05 million shares. There was a rise of 16.9%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.20% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.18.

Fidelity National Information Services Inc. [FIS] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 47,743,735 shares, or roughly 7.85% of the outstanding FIS shares. In other words, the investor’s shares have risen by 869,407 from its previous 13-F filing of 46874328.0. Additionally, Capital Research & Management Co increased 1.88% of its stake after which the total value it holdings stand at $2,599,818,085, while BlackRock Fund Advisors reduced -2.96% of its stake to hold $2.17 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -585,145 shares of Fidelity National Information Services Inc., while Wellington Management Co. LLP sold 303,836 shares. At present, Massachusetts Financial Services is holding 13,012,239 shares valued at $983.33 million. Geode Capital Management LLC owned 10,494,337 shares of the company at the time of its most recent 13F filing, worth $793.06 million.

According to FactSet, Fidelity National Information Services Inc.’s share price will average $83.97 in the next year, based on opinions of analysts polled by the firm. This is up nearly 47.78 percent from its previous closing price of $57.18. Analysts expect Fidelity National Information Services Inc. stock to reach the higher price of $110.00, while the lowest price estimate is $63.00. However, 37 analysts have rated FIS stock as an Overweight in their predictions for 2022.

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