Fidelity National Information Services (FIS) : Traders are bullish on Fidelity National Information Services (FIS) as it has outperformed the S&P 500 by a wide margin of 3.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.05%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.99% in the last 1 week, and is up 6.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.35% and the 50-Day Moving Average is 6.35%. Fidelity National Information Services, Inc. is up 21.3% in the last 3-month period. Year-to-Date the stock performance stands at 32.25%.
Fidelity National Information Services (NYSE:FIS): On Fridays trading session , Opening price of the stock was $80.38 with an intraday high of $80.49. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $79.33. However, the stock managed to close at $79.53, a loss of 1.03% for the day. On the previous day, the stock had closed at $80.36. The total traded volume of the day was 1,890,454 shares.
Also, Equity Analysts at the Barclays maintains the rating on Fidelity National Information Services (NYSE:FIS). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $83 per share to $88 per share. The rating by the firm was issued on July 27, 2016.
Fidelity National Information Services, Inc. is a provider of banking and payments technology, consulting and outsourcing solutions. The Company operates through four segments: Financial Solutions Group provides services and software to satisfy the processing, technology, and outsourcing needs of its financial institution clients in North America. Payment Solutions Group provides services and software for the electronic funds transfer, card processing, item processing, bill payment, and government payments processing needs of its clients in North America. International Solutions Group offers banking applications, channel solutions, debit/credit/and prepaid card and merchant services, wealth management services, item processing and check risk management solutions to financial institutions, card issuers, commercial enterprises and government operations. Corporate and Other consists of the corporate overhead and costs of leveraged functions that are not allocated to operating segments.