Will Fidelity National Information Services, Inc. (FIS) Run Out of Steam Soon?

January 20, 2018 - By Vivian Park

Investors sentiment increased to 1.07 in Q3 2017. Its up 0.13, from 0.94 in 2017Q2. It is positive, as 34 investors sold Fidelity National Information Services, Inc. shares while 187 reduced holdings. 61 funds opened positions while 175 raised stakes. 286.04 million shares or 1.76% more from 281.10 million shares in 2017Q2 were reported.
Glenmede Tru Comm Na has 3,521 shares for 0% of their portfolio. Century Companies accumulated 2.18M shares. 187,339 were reported by Barclays Plc. Point72 Asset Ltd Partnership has invested 0.01% in Fidelity National Information Services, Inc. (NYSE:FIS). Apg Asset Nv invested 0.03% in Fidelity National Information Services, Inc. (NYSE:FIS). Veritable Lp reported 9,851 shares. Banque Pictet & Cie Sa invested in 0.15% or 70,825 shares. Dubuque Savings Bank And Tru Co invested 0% in Fidelity National Information Services, Inc. (NYSE:FIS). Bartlett Ltd Com holds 314 shares or 0% of its portfolio. Tiemann Investment Advsrs Ltd owns 2,325 shares or 0.18% of their US portfolio. Jpmorgan Chase Com holds 0.18% of its portfolio in Fidelity National Information Services, Inc. (NYSE:FIS) for 8.89M shares. Commerzbank Aktiengesellschaft Fi holds 15,105 shares or 0.02% of its portfolio. Brown Advisory has invested 0.01% in Fidelity National Information Services, Inc. (NYSE:FIS). Mycio Wealth Prtnrs reported 3,519 shares. Findlay Park Ltd Liability Partnership owns 1.75 million shares.

Since August 4, 2017, it had 0 buys, and 6 sales for $49.17 million activity. 100,000 shares were sold by Jabbour Anthony M, worth $9.24 million on Friday, September 8. 17,000 shares valued at $1.61M were sold by HUNT DAVID K on Friday, December 15. 400,000 shares were sold by MARTIRE FRANK R, worth $36.14M. 2,181 Fidelity National Information Services, Inc. (NYSE:FIS) shares with value of $196,986 were sold by Stallings James B JR.

The stock of Fidelity National Information Services, Inc. (NYSE:FIS) hit a new 52-week high and has $106.35 target or 8.00 % above today’s $98.47 share price. The 9 months bullish chart indicates low risk for the $32.88 billion company. The 1-year high was reported on Jan, 20 by Barchart.com. If the $106.35 price target is reached, the company will be worth $2.63 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.95% or $0.93 during the last trading session, reaching $98.47. About 1.63 million shares traded or 2.23% up from the average. Fidelity National Information Services, Inc. (NYSE:FIS) has risen 14.58% since January 20, 2017 and is uptrending. It has underperformed by 2.12% the S&P500.

Analysts await Fidelity National Information Services, Inc. (NYSE:FIS) to report earnings on February, 6. They expect $1.34 EPS, up 17.54 % or $0.20 from last year’s $1.14 per share. FIS’s profit will be $447.38 million for 18.37 P/E if the $1.34 EPS becomes a reality. After $1.18 actual EPS reported by Fidelity National Information Services, Inc. for the previous quarter, Wall Street now forecasts 13.56 % EPS growth.

Fidelity National Information Services, Inc. (NYSE:FIS) Ratings Coverage

Among 24 analysts covering Fidelity National Information Services (NYSE:FIS), 21 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Fidelity National Information Services had 58 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Fidelity National Information Services, Inc. (NYSE:FIS) earned “Overweight” rating by Barclays Capital on Monday, September 26. The firm has “Buy” rating by Robert W. Baird given on Wednesday, September 6. As per Wednesday, November 1, the company rating was maintained by Credit Suisse. The stock of Fidelity National Information Services, Inc. (NYSE:FIS) has “Neutral” rating given on Tuesday, December 1 by Goldman Sachs. The stock of Fidelity National Information Services, Inc. (NYSE:FIS) has “Outperform” rating given on Friday, August 7 by Oppenheimer. The stock of Fidelity National Information Services, Inc. (NYSE:FIS) has “Outperform” rating given on Wednesday, September 30 by Cowen & Co. Credit Suisse initiated Fidelity National Information Services, Inc. (NYSE:FIS) on Friday, December 11 with “Neutral” rating. The company was maintained on Wednesday, August 2 by Cowen & Co. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, September 5. Wedbush initiated Fidelity National Information Services, Inc. (NYSE:FIS) on Friday, September 9 with “Outperform” rating.

Fidelity National Information Services, Inc., a financial services technology company, offers a range of solutions in retail and institutional banking, payments, asset and wealth management, and risk and compliance in the United States. The company has market cap of $32.88 billion. The firm operates through Integrated Financial Solutions and Global Financial Solutions divisions. It has a 60.93 P/E ratio. It also provides financial consulting and outsourcing services.

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