Fidelity National Information Services Shares Sinking Lower, Down 1.8%

Published on Tue, 01/15/2013 - 11:20
By Mallory Stone in Market movers, FIS, fidelity national information services, market movers, nyse:fis

Fidelity National Information Services (NYSE:FIS) is a company whose shares are active, trading 1.8% lower to $36.53. The S&P is currently trading 0.3% lower to 1,467 and the Dow Jones Industrial Average is trading 0.3% lower to 13,476.

Fidelity National Information Services share prices have moved between a 52-week high of $37.36 and a 52-week low of $26.86 and are now trading 36% above that low price at $36.53 per share. The 200-day and 50-day moving averages have moved 0.17% higher and 0.72% higher over the past week, respectively.

There is potential upside of 8.8% for shares of Fidelity National Information Services based on a current price of $36.53 and an average consensus analyst price target of $39.75. The stock should find initial support at its 50-day moving average (MA) of $35.39 and further support at its 200-day MA of $33.17.

FIS is the world?s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 33,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. FIS is ranked 426 on the Fortune 500, is a member of Standard & Poor?s 500 Index and consistently holds a leading ranking in the annual FinTech 100 list.

By Mallory Stone
mstone@fnno.com

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