Fidelity National's most recent trend suggests a bullish bias. One trading opportunity on Fidelity National is a Bull Put Spread using a strike $145.00 short put and a strike $135.00 long put offers a potential 36.05% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $145.00 by expiration. The full premium credit of $2.65 would be kept by the premium seller. The risk of $7.35 would be incurred if the stock dropped below the $135.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Fidelity National is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Fidelity National is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for Fidelity National
FIS Tops Chartis RiskTech100® Rankings for Sixth Straight Year
Thu, 19 Nov 2020 13:00:00 +0000
For the sixth year in a row, financial technology leader FIS® (NYSE: FIS) has placed first in the Chartis RiskTech100®.
Payments Plumbing Gushes Profits for Private Equity
Mon, 16 Nov 2020 13:26:24 +0000
(Bloomberg Opinion) — Mashing together the plumbing of the payments industry has provided a steady stream of deals for bankers. With Nexi SpA inking its agreement to buy Nets S/A over the weekend, the European sector now looks to be coalescing around two players, one French and one Italian. But this is probably only the end of the beginning for consolidation.Nexi’s combination with private-equity-owned Nets, plus its recent deal to buy SIA in Italy, will create a company with an enlarged market value implicitly north of 20 billion euros ($24 billion). French rival Worldline SA, which agreed to buy domestic peer Ingenico SA earlier this year, is likewise worth around 20 billion euros. Lots of smaller deals by these various companies have created what now appears to be a neatly concentrated listed sector. But that doesn’t mean the dealmaking is over.The U.K. has been oddly left out of the action despite London being Europe’s financial center. The emergence of sizeable European payments firms has arguably been a missed opportunity for the likes of Barclays Plc, Lloyds Banking Group Plc and Natwest Group Plc, the original owner of Worldpay, now part of Fidelity National Information Services Inc. Worldpay could have chosen to be a European consolidator, but instead pivoted to the U.S. and global e-commerce, and was soon gobbled up.Barclays’s payments assets could potentially be a platform on which to build. But for now, London’s interest in this story is mainly about the teams at private equity firms Advent International Plc, Bain Capital and Hellman & Friedman that have led the growth of Nexi and Nets. Buyout firms will still own a significant minority holding in Nexi after its recent transactions and they have agreed to lengthy lockups.For all of the activity, the European payment market remains fragmented. The major U.K., French and Spanish banks sit on platforms that would make logical disposal candidates at the right price. It’s not easy for them to commit capital to these operations and lead expansion by acquisition.So there’s probably no shortage of available transactions to fuel continued expansion at Nexi and Worldline — or even a fresh roll-up vehicle. Nexi’s pro-forma leverage, while high on a snapshot basis at over three times Ebitda, is expected to fall to 2-2.5 times Ebitda in 2022. That suggests its main constraint to doing more deals will be the demands on management rather than financial firepower.The valuations available for selling payments assets continue to advance. Nexi and Fidelity National have gone from trading at mid-teens multiples of forecast Ebitda to almost 20 times in the last year.Vendors will be increasingly wary of risking looking like fools for selling assets at prices that look too cheap later. But the temptation to cash in at these levels will remain strong. The payments M&A merry-go-round spinning for a while yet.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Wallace Weitz Buys Fidelity National, First Republic Bank in 3rd Quarter
Fri, 13 Nov 2020 19:04:16 +0000
Guru also trims several top holdings
FIS to Present at Upcoming Conferences
Wed, 11 Nov 2020 21:30:00 +0000
FIS® (NYSE: FIS), a global leader in financial services technology, will present on Mon., Nov. 16, 2020, at the Stephens Annual Investment Conference at 2:00 p.m. (EST) and Wed., Nov. 18, 2020 at Citi’s 2020 Financial Technology Virtual Conference at 4:30 p.m. (EST).
Reynolds and Reynolds Selects FIS as its Exclusive Integrated Payment Processing Provider
Thu, 05 Nov 2020 19:00:00 +0000
Financial technology leader FIS® (NYSE: FIS) has been selected as the exclusive payments provider to The Reynolds and Reynolds Company, a leading provider of automotive dealership software, documents, and professional services.
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