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Should You Buy Fidelity National Information Services (NYSE:FIS)?

Fidelity National Financial Inc (NYSE:FNF)Fidelity National Information Services (NYSE:FIS) was in 35 hedge funds’ portfolio at the end of the fourth quarter of 2012. FIS shareholders have witnessed an increase in enthusiasm from smart money of late. There were 28 hedge funds in our database with FIS positions at the end of the previous quarter.

In the financial world, there are plenty of methods shareholders can use to watch the equity markets. Some of the most underrated are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the elite fund managers can outpace the market by a solid margin (see just how much).

Equally as important, bullish insider trading sentiment is another way to break down the world of equities. There are a variety of stimuli for a corporate insider to sell shares of his or her company, but just one, very clear reason why they would buy. Various empirical studies have demonstrated the impressive potential of this strategy if you understand what to do (learn more here).

Now, let’s take a peek at the key action regarding Fidelity National Information Services (NYSE:FIS).

How are hedge funds trading Fidelity National Information Services (NYSE:FIS)?

In preparation for this year, a total of 35 of the hedge funds we track were long in this stock, a change of 25% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their holdings significantly.

When looking at the hedgies we track, Eagle Capital Management, managed by Boykin Curry, holds the most valuable position in Fidelity National Information Services (NYSE:FIS). Eagle Capital Management has a $276 million billion position in the stock, comprising 2% of its 13F portfolio. The second largest stake is held by Larry Robbins of Glenview Capital, with a $194 million position; 1.5% of its 13F portfolio is allocated to the company. Remaining hedge funds that are bullish include Alan Fournier’s Pennant Capital Management, ‘s Citadel Investment Group and Thomas Steyer’s Farallon Capital.

As one would reasonably expect, some big names were breaking ground themselves. Maverick Capital, managed by Lee Ainslie, created the most outsized position in Fidelity National Information Services (NYSE:FIS). Maverick Capital had 102 million invested in the company at the end of the quarter. Tiger Global Management LLC also initiated a $41 million position during the quarter. The other funds with new positions in the stock are Sean Cullinan’s Point State Capital, Bruce Kovner’s Caxton Associates LP, and Curtis Macnguyen’s Ivory Capital (Investment Mgmt).

How have insiders been trading Fidelity National Information Services (NYSE:FIS)?

Insider trading activity, especially when it’s bullish, is at its handiest when the company in focus has experienced transactions within the past half-year. Over the latest six-month time period, Fidelity National Information Services (NYSE:FIS) has experienced zero unique insiders buying, and 8 insider sales (see the details of insider trades here).

With the returns shown by Insider Monkey’s strategies, retail investors should always watch hedge fund and insider trading sentiment, and Fidelity National Information Services (NYSE:FIS) applies perfectly to this mantra.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

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