Investing in Fidelity National Information Services Inc. (FIS): What You Must Know


Fidelity National Information Services Inc.’s filing revealed that its Director Goldstein Jeffrey A acquired Company’s shares for reported $54644.0 on Jul 17. In the deal valued at $58.82 per share,929 shares were bought. As a result of this transaction, Goldstein Jeffrey A now holds 6,333 shares worth roughly $ 0.35 million.

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Then, Alemany Ellen R bought 760 shares, generating $44,703 in total proceeds. Upon buying the shares at $58.82, the Director now owns 3,743 shares.

Before that, Hoag Erik D sold 3,451 shares. Fidelity National Information Services Inc. shares valued at $186,872 were divested by the CEVP Chief Financial Officer at a price of $54.15 per share. As a result of the transaction, Hoag Erik D now holds 19,887 shares, worth roughly $1.11 million.

Evercore ISI downgraded its Fidelity National Information Services Inc. [FIS] rating to an In-line from a an Outperform in a research note published on Monday, August 25, 2023; the price target was decreased to $60 from $75. PT values the company’s stock at a premium of 6.73 to its Monday closing price.

Price Performance Review of FIS

On Monday, Fidelity National Information Services Inc. [NYSE:FIS] saw its stock jump 2.23% to $55.96. On the same session, the stock had its day’s lowest price of $55.07, but rose to a high of $56.14. Over the last five days, the stock has gained 0.50%. Fidelity National Information Services Inc. shares have fallen nearly -17.52% since the year began. Nevertheless, the stocks have fallen -41.81% over the past one year. While a 52-week high of $96.60 was reached on 02/02/23, a 52-week low of $48.57 was recorded on 03/24/23. SMA at 50 days reached $57.42, while 200 days put it at $61.05. A total of 3.5 million shares were traded, compared to the trading of 3.44 million shares in the previous session.

Levels Of Support And Resistance For FIS Stock

The 24-hour chart illustrates a support level at 55.31, which if violated will result in even more drops to 54.65. On the upside, there is a resistance level at 56.38. A further resistance level may holdings at 56.79. The Relative Strength Index (RSI) on the 14-day chart is 44.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.47%. Stochastics %K at 24.40% indicates the stock is a holding.

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 Aug 14, 2023, dropping by -1.31 million shares to a total of 8.83 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 10.14 million shares. There was a decline of -14.84%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.49% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.3.

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 48,796,458 shares, or roughly 8.24% of the outstanding FIS shares. In other words, the investor’s shares have fallen by -2,013,904 from its previous 13-F filing of 50810362.0. Additionally, BlackRock Fund Advisors increased 9.10% of its stake after which the total value it holdings stand at $1,853,788,571, while Dodge & Cox added 1.01% of its stake to hold $1.68 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -541,392 shares of Fidelity National Information Services Inc., while Capital Research & Management Co sold 7,721,981 shares. At present, Geode Capital Management LLC is holding 12,534,919 shares valued at $756.86 million. Barrow, Hanley, Mewhinney & Strau owned 11,035,208 shares of the company at the time of its most recent 13F filing, worth $666.31 million.

According to FactSet, Fidelity National Information Services Inc.’s share price will average $69.01 in the next year, based on opinions of analysts polled by the firm. This is up nearly 27.88 percent from its previous closing price of $54.74. Analysts expect Fidelity National Information Services Inc. stock to reach the higher price of $81.00, while the lowest price estimate is $60.00. However, 31 analysts have rated FIS stock as an Overweight in their predictions for 2023.


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