Fidelity National Information Services Stock Hits New 52-Week High (FIS)

NEW YORK ( TheStreet) -- Fidelity National Information Services (NYSE: FIS) hit a new 52-week high Monday as it is currently trading at $33.89, above its previous 52-week high of $33.76 with 1.3 million shares traded as of 1:40 p.m. ET. Average volume has been two million shares over the past 30 days.

Fidelity National Information Services has a market cap of $8.4 billion and is part of the services sector and diversified services industry. Shares are up 24.6% year to date as of the close of trading on Friday.

Fidelity National Information Services, Inc. provides banking and payments technology solutions worldwide. The company offers financial institution core processing, card issuer, and transaction processing services, including the NYCE Network. The company has a P/E ratio of 21.6, above the average diversified services industry P/E ratio of 18.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Fidelity National Information Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, growth in earnings per share and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Fidelity National Information Services Ratings Report.

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