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 $54,228 were purchased by Goldstein Jeffrey A on Jan 17 ’24. At $60.32 per share, Goldstein Jeffrey A acquired 899 shares. The insider’s holdings grew to 8,277 shares worth approximately $0.6 million following the completion of this transaction.
Also, Alemany Ellen R purchased 735 shares, netting a total of over 44,335 in proceeds. Following the buying of shares at $60.32 each, the insider now holds 35,333 shares.
Before that, Goldstein Jeffrey A had added 1,045 shares to its account. In a trade valued at $55,385, the Director bought Fidelity National Information Services, Inc. shares for $53.00 each. Upon closing the transaction, the insider’s holdings increased to 1,045 shares, worth approximately $0.54 million.
As published in a research note from Robert W. Baird on March 13, 2024, Fidelity National Information Services, Inc. [FIS] has been rated down from an Outperform to a Neutral and the price target has been revised to $78 from $76. Earlier on October 19, 2023, Barclays upgraded its rating. Their new recommendation was “an Overweight” for FIS stock which previously was a “an Equal weight”.
Analyzing FIS Stock Performance
During the last five days, there has been a surge of approximately 0.03%. Over the course of the year, Fidelity National Information Services, Inc. shares have jumped approximately 20.91%. Shares of the company reached a 52-week high of $74.75 on 03/28/24 and a 52-week low of $58.24 on 01/18/24. A 50-day SMA is recorded $67.73, while a 200-day SMA reached $59.51. Nevertheless, trading volume fell to 2.82 million shares from 2.8 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 72.10, which, if violated, would cause prices to drop to 71.56. In the upper region, resistance lies at 73.37. The next price resistance is at 74.10. RSI (Relative Strength Index) is 58.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.57, which suggests the price will decrease in the coming days. Percent R is at 48.51%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Fidelity National Information Services, Inc. subject to short interest?
Stocks of Fidelity National Information Services, Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.28 million shares to 14.69 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 14.41 million shares. A jump of 1.91% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.25 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.25.
