Why Buying Fidelity National Information Services, Inc. (NYSE: FIS) Right Now Might Be A Smart Move

Fidelity National Information Services, Inc. (NYSE:FIS) price closed lower on Tuesday, April 16, dropping -0.03% below its previous close.

A look at the daily price movement shows that the last close reads $70.72. Taking into account the 52-week price action we note that the stock hit a 52-week high of $74.75 and 52-week low of $46.91. The stock added 2.29% on its value in the past month.

Fidelity National Information Services, Inc., which has a market valuation of $40.76 billion. The company stock has a Forward Dividend ratio of 1.92, while the dividend yield is 2.72%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give FIS a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

The overview shows that FIS’s price is at present -1.84% off the SMA20 and 3.60% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.86, with weekly volatility standing at 1.94%. The indicator jumps to 1.89% when calculated based on the past 30 days. Fidelity National Information Services, Inc. (NYSE:FIS)’s beta value is holding at 0.98, while the average true range (ATR) indicator is currently reading 1.42.

An analysis of the Fidelity National Information Services, Inc. (NYSE:FIS) stock in terms of its daily trading volume indicates that the 3-month average is 4.46 million.

Current records show that the company has 583.00M in outstanding shares. The insiders’ percentage holdings are 0.28% of outstanding shares while the percentage share held by institutions stands at 97.39%. But the 17.70% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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