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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Fidelity National Information Services (NYSE: FIS) hit a new 52-week high Tuesday as it is currently trading at $35.10, above its previous 52-week high of $34.85 with 305,280 shares traded as of 9:40 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Fidelity National Information Services has a market cap of $9.88 billion and is part of the services sector and diversified services industry. Shares are up 26.1% year to date as of the close of trading on Monday.

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 20.3, above the S&P 500 P/E ratio of 17.7.

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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, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Fidelity National Information Services Ratings Report.

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