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TheStreet Open House

5 Stocks With Huge Insider Buying

Fidelity National Information Services

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One more stock to consider with some interesting insider buying is financial services player Fidelity National Information Services (FIS), a global provider of banking and payments technologies. Insiders are buying this stock into some decent strength here, since shares are up around 20% so far in 2012.

Fidelity National Information Services has a market cap of $9.37 billion and an enterprise value of $13.7 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 19.6 and a forward price-to-earnings of 11.5. Its estimated growth rate for this year is 14%, and for next year it's pegged at 9.9%. This is not a cash-rich company, since the total cash position on its balance sheet is $533.80 million, and its total debt is a whopping $4.86 billion. This stock sports a dividend yield of 2.5%.

A director just bought 15,000 shares, or about $485,700 worth of stock, at $32.39 per share.

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From a technical perspective, FIS is currently trading above its 200-day moving average and below its 50-day moving averages which is neutral trendwise. This stock ran into some selling pressure recently at around $34.85 a share, and subsequently it has dropped back below its 50-day moving average of $32.88 with heavy volume. Shares of FIS have some near-term support zones at around $31.61 to $30.77 a share.

If you're bullish on FIS, then I would look for long-biased trades once this stock moves back above its 50-day moving average of $32.88 a share with high volume. Look for volume on that move that registers near or above its three-month average action of 1,644,760 shares. If we get that move soon, then look for FIS to possibly re-test or take out its recent high of $34.85 a share.

I would simply avoid FIS or look for short-biased trades if it fails to trigger that move back above its 50-day, and then takes out those major support zones at $31.61 to $30.77 a share with heavy volume. If we get that action, then FIS will setup to re-test and possibly take out its 200-day moving average of $29.59 a share.

To see more stocks with notable insider buying, including Hudson Global (HSON), Opko Health (OPK) and Puma Biotechnology (PBYI), check out the Stocks With Big Insider Buying portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.
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