Fidelity National Information Services Sees Unusually High Options Volume (NYSE:FIS)

Fidelity National Information Services, Inc. (NYSE:FIS) was the target of some unusual options trading activity on Friday. Traders bought 8,464 call options on the stock. This represents an increase of 217% compared to the typical daily volume of 2,672 call options.

Insider Activity

In other news, Director Jeffrey A. Goldstein acquired 719 shares of Fidelity National Information Services stock in a transaction that occurred on Monday, July 15th. The stock was purchased at an average price of $76.81 per share, with a total value of $55,226.39. Following the completion of the transaction, the director now owns 9,771 shares in the company, valued at approximately $750,510.51. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fidelity National Information Services

A number of hedge funds have recently modified their holdings of FIS. Rise Advisors LLC bought a new stake in Fidelity National Information Services in the first quarter valued at $29,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Fidelity National Information Services in the 2nd quarter worth about $30,000. EdgeRock Capital LLC acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $35,000. Family Firm Inc. acquired a new position in Fidelity National Information Services in the second quarter valued at about $35,000. Finally, Palisade Asset Management LLC bought a new stake in Fidelity National Information Services during the first quarter worth about $37,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

FIS opened at $86.75 on Friday. The stock’s 50 day simple moving average is $81.79 and its 200-day simple moving average is $77.05. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The stock has a market cap of $48.25 billion, a PE ratio of -8.48, a P/E/G ratio of 0.77 and a beta of 1.08. Fidelity National Information Services has a 1 year low of $46.91 and a 1 year high of $87.90.

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

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were paid a $0.36 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.66%. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FIS. JPMorgan Chase & Co. raised their price target on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Royal Bank of Canada upped their price target on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods raised their price objective on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. TD Cowen boosted their target price on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Susquehanna increased their price target 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. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.65.

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.