Fidelity National Information Services
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. >>5 Banks Cutting Their Way to Bigger Profit 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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