Jeffrey Goldstein, a director at Fidelity National Information Services (FIS), recently bought 719 shares. The buy increased his stake by 8%, and came to a total cost of $55,526.
Goldstein has been buying a similarly-sized position each quarter. Other company directors have made similar buys over the past two years as well. The last insider sale came from the company CFO in June 2020. Insiders have generally been far bigger buyers than sellers over the last two years.
Overall, FIS insiders own 0.1% of shares.
The financial technology services company is up 26% over the past year, slightly outperforming the overall stock market. Shares are fairly valued at 16 times forward earnings.
Operationally, FIS has had a mixed year, with earnings up 417%, but revenues are up just 3%. The company’s profit margin has been poor. If those conditions can improve and revenues can head higher, FIS can see greater profitability.
Action to take: Shares are an a slow-and-steady long-term uptrend. Investors may want to buy a partial position here, and use any market dips to add to that position. FIS pays a 2.3% dividend at current prices.
For traders, the January 2025 $85 calls, last trading for about $3.45, could see mid-to-high double-digit returns if shares continue to steadily move higher in the latter half of the year.
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.