Jeffrey Goldstein, a director at Fidelity National Information Services (FIS), recently bought 626 shares. The buy increased his stake by 6%, and came to a total cost of $55,245.
The director has been a buyer in each of the past two quarters, for about the same dollar amount. Other directors were buyers at the start of 2024 and into last year. The company CEO sold about 15% of his position in mid-2023, cashing out for about $187,000.
Overall, FIS insiders own about 0.1% of shares.
The financial technology services provider is up 79% over the past year, earning more than double the return of the S&P 500.
FIS has struggled a bit operationally over the last year, with revenues up a scant 3%, and no earnings growth. However, the company seems to be turning a corner, and shares now trade at 16 times forward earnings.
Action to take: Shares have been in a steady, long-term uptrend. Interested investors may want to build a partial position now and look for periodic modest pullbacks to add to that position. At current prices, FIS also pays a 1.8% dividend.
For traders, the January 2025 $95 calls, last trading for about $2.80, could see mid-to-high double-digit returns if shares continue along their steady uptrend in the months ahead.
Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any company mentioned in this article.