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

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 lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day down 0.6%. By the end of trading, Fidelity National Information Services fell $1.07 (-2.4%) to $43.64 on average volume. Throughout the day, 1,561,104 shares of Fidelity National Information Services exchanged hands as compared to its average daily volume of 1,927,900 shares. The stock ranged in price between $43.46-$44.47 after having opened the day at $44.29 as compared to the previous trading day's close of $44.71. Other companies within the Computer Software & Services industry that declined today were: Webmedia Brands ( WEBM), down 13.6%, Intelligent Systems ( INS), down 7.6%, China Mobile Games and Entertainment Group ( CMGE), down 6.5% and Marketo ( MKTO), down 5.5%.
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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 $12.9 billion and is part of the technology sector. The company has a P/E ratio of 21.8, above the S&P 500 P/E ratio of 17.7. Shares are up 28.4% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Fidelity National Information Services a buy, no analysts rate it a sell, and 7 rate it a hold.

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. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Bridgeline Digital ( BLIN), down 26.7%, Image Sensing Systems ( ISNS), down 6.4%, Commtouch Software ( CTCH), down 6.2% and E2open ( EOPN), down 4.0% , were all gainers within the computer software & services industry with TIBCO Software ( TIBX) being today's featured computer software & services industry leader.

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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