Fidelity National Information Services, Inc. (NYSE:FIS) has made a 41.43% comeback from a 12-month low price of $94.53. It was seen -2.21% lower, changing the price to $133.69, when the closing bell rang on 7/30/2019. At a recent session, the prices were hovering between $133.29 and $136.56. This company shares are 5.71% off its target price of $141.33 and the current market capitalization stands at $43.18B. The recent change has given its price a 7.52% lead over SMA 50 and -2.44% deficit over its 52-week high. The stock witnessed 8.97% gains, 15.32% gains and 29.06% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FIS’s volatility during a week at 2.67% and during a month it has been found around 1.74%.
What Does Fidelity National Information Services, Inc. (FIS) Do?
The company describes itself in regulatory filings as, “Fidelity National Information Services, Inc. is a financial services technology company, which focuses on retail and institutional banking, payments, asset and wealth management, risk and compliance, consulting and outsourcing solutions. It operates through the following business segments: Integrated Financial Solutions, Global Financial Solutions, and Corporate and Other. The Integrated Financial Solutions segment focuses on serving the North American regional and community bank market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services, capitalizing on the continuing trend to outsource these solutions. The Global Financial Solutions segment serves the financial institutions around the globe with banking and payments solutions, as well as consulting and transformation services. The Corporate and Other segment consists of corporate overhead expense, certain leveraged functions and miscellaneous expenses that are not included in the operating segments. The company was founded in 1968 and is headquartered in Jacksonville, FL.” [Text can be found here: https://www.marketwatch.com/investing/stock/FIS/profile under company description.]Fidelity National Information Services, Inc. (FIS) Top Holders
Institutional investors currently hold around $41.6 billion or 95.5% in FIS stock. Look at its top three institutional owners: Price T Rowe Associates Inc /Md/ owns $3.55 billion in Fidelity National Information Services, Inc., which represents roughly 8.22% of the company’s market cap and approximately 8.53% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 25,752,780 shares of the stock are valued at $3.52 billion. The third largest holder is Vanguard Group Inc, which currently holds $3.43 billion worth of this stock and that ownership represents nearly 7.94% of its market capitalization.
At the end of March reporting period, 423 institutional holders increased their position in Fidelity National Information Services, Inc. (NYSE:FIS) by some 38,068,299 shares, 305 decreased positions by 25,494,514 and 147 held positions by 240,711,728. That puts total institutional holdings at 304,274,541 shares, according to SEC filings. The stock grabbed 139 new institutional investments totaling 13,403,468 shares while 61 institutional investors sold out their entire positions totaling 4,026,082 shares.Fidelity National Information Services, Inc. (NYSE:FIS) Insider Trades
Multiple company employees have indulged in significant insider trading. Fidelity National Information Services, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director HUGHES KEITH W has sold 12,730 shares of Fidelity National Information Services, Inc. (FIS) in the trading session dated Jun. 11, 2019. These shares are worth $1,548,477 and were traded at $121.64 each. The SEC filing shows that Stallings James B JR performed a sale of 1,240 shares. The Director disposed these shares by way of transaction on Jun. 10, 2019. The company’s shares were given away at $122.55 per share worth to an income of some $151,962 to the account of Stallings James B JR.
Director, HUNT DAVID K, sold 12,730 common shares of Fidelity National Information Services, Inc. (FIS) in the open market. In a transaction dated Mar. 22, 2019, the shares were put up for sale at an average price of $110.49, raking in a sum of $1,406,538. After this sale, 20,654 common shares of FIS are directly owned by the insider, with total stake valued at $2,761,233.
In the transaction dated Mar. 21, 2019, a great number of shares acquired came courtesy the Director; NAVAB ALEXANDAR JR added a total of 5,075 shares at an average price of $107.22, amounting to approximately $544,142. The insider now directly owns 5,075 shares worth $678,477.Fidelity National Information Services, Inc. (FIS) Analyst Guide
Several analysts have released their opinion on Fidelity National Information Services, Inc. (NYSE:FIS), with 11 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 9 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.76 average brokerage recommendation [T1].