Fidelity National Information Services Inc (FIS): Today's Featured Computer Software & Services Winner

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

Fidelity National Information Services ( FIS) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day up 0.2%. By the end of trading, Fidelity National Information Services rose $0.56 (1.4%) to $40.81 on average volume. Throughout the day, 1,918,427 shares of Fidelity National Information Services exchanged hands as compared to its average daily volume of 2,285,800 shares. The stock ranged in a price between $40.27-$40.94 after having opened the day at $40.48 as compared to the previous trading day's close of $40.25. Other companies within the Computer Software & Services industry that increased today were: Intelligent Systems ( INS), up 13.3%, China Mobile Games and Entertainment Group ( CMGE), up 7.5%, TigerLogic Corporation ( TIGR), up 6.5% and Cover-All Technologies ( COVR), up 6.3%.
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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 national electronic funds transfer network. Fidelity National Information Services has a market cap of $11.8 billion and is part of the technology sector. The company has a P/E ratio of 22.0, above the S&P 500 P/E ratio of 17.7. Shares are up 15.6% year to date as of the close of trading on Thursday.

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, impressive record of earnings per share growth and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, China Information Technology ( CNIT), down 13.7%, Insight ( NSIT), down 10.9%, Park City Group ( PCYG), down 7.0% and QAD ( QADB), down 7.0% , were all laggards within the computer software & services industry with Cognizant Technology Solutions Corporation ( CTSH) being today's computer software & services industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx ( IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology ( REW).

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