Fidelity National Information Services, Inc. (NYSE:FIS) Short Interest Up 7.8% in August

Fidelity National Information Services, Inc. (NYSE:FIS) was the recipient of a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 11,290,000 shares, a growth of 7.8% from the July 31st total of 10,470,000 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily trading volume, of 3,380,000 shares, the short-interest ratio is presently 3.3 days.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 719 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were purchased at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the purchase, the director now owns 9,771 shares of the company’s stock, valued at $750,510.51. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FIS. International Assets Investment Management LLC purchased a new position in Fidelity National Information Services in the fourth quarter worth $2,461,000. Savant Capital LLC raised its stake in shares of Fidelity National Information Services by 7.5% during the 4th quarter. Savant Capital LLC now owns 5,713 shares of the information technology services provider’s stock worth $343,000 after buying an additional 400 shares during the last quarter. First Trust Direct Indexing L.P. raised its stake in shares of Fidelity National Information Services by 13.3% during the 4th quarter. First Trust Direct Indexing L.P. now owns 10,877 shares of the information technology services provider’s stock worth $653,000 after buying an additional 1,278 shares during the last quarter. Natixis Advisors L.P. raised its stake in shares of Fidelity National Information Services by 7.1% during the 4th quarter. Natixis Advisors L.P. now owns 395,507 shares of the information technology services provider’s stock worth $23,758,000 after buying an additional 26,066 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Fidelity National Information Services by 1,967.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 36,901 shares of the information technology services provider’s stock worth $2,216,000 after buying an additional 35,116 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $82.45 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a fifty day moving average price of $76.69 and a 200 day moving average price of $73.77. Fidelity National Information Services has a 1-year low of $46.91 and a 1-year high of $82.48. The company has a market cap of $44.98 billion, a PE ratio of -8.06, a P/E/G ratio of 0.81 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.13. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. Fidelity National Information Services’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.55 earnings per share. Sell-side analysts forecast that Fidelity National Information Services will post 5.08 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.75%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Wall Street Analysts Forecast Growth

FIS has been the subject of a number of research analyst reports. TD Cowen upped their price target on Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. UBS Group upped their price target on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Evercore ISI upped their price target on Fidelity National Information Services from $75.00 to $80.00 and gave the company an “in-line” rating in a report on Tuesday, May 7th. Finally, Susquehanna increased their price objective on Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus price target of $80.65.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.