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

Fidelity National Information Services, Inc. (NYSE:FIS) was the target of unusually large options trading activity on Tuesday. Investors purchased 6,058 put options on the company. This represents an increase of 92% compared to the typical daily volume of 3,158 put options.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $79.11 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. Fidelity National Information Services has a one year low of $58.24 and a one year high of $91.98. The business’s fifty day moving average price is $84.69 and its two-hundred day moving average price is $82.15. The stock has a market cap of $42.59 billion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the company posted $0.94 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts forecast that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.82%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 57.37%.

Analyst Ratings Changes

FIS has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Oppenheimer began coverage on Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Robert W. Baird increased their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Morgan Stanley lifted their price target on Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Finally, Susquehanna raised their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average price target of $92.19.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey A. Goldstein bought 626 shares of the stock in a transaction on Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the purchase, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 6.41 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Foundations Investment Advisors LLC boosted its holdings in shares of Fidelity National Information Services by 7.7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 3,388 shares of the information technology services provider’s stock valued at $255,000 after purchasing an additional 243 shares during the last quarter. TD Asset Management Inc grew its position in Fidelity National Information Services by 31.8% during the second quarter. TD Asset Management Inc now owns 334,268 shares of the information technology services provider’s stock valued at $25,190,000 after acquiring an additional 80,612 shares during the period. Victory Capital Management Inc. increased its stake in Fidelity National Information Services by 7.8% during the second quarter. Victory Capital Management Inc. now owns 191,768 shares of the information technology services provider’s stock worth $14,452,000 after acquiring an additional 13,938 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Fidelity National Information Services by 3.7% in the 2nd quarter. Private Advisor Group LLC now owns 24,207 shares of the information technology services provider’s stock worth $1,824,000 after purchasing an additional 859 shares during the period. Finally, Candriam S.C.A. lifted its stake in shares of Fidelity National Information Services by 8.0% in the 2nd quarter. Candriam S.C.A. now owns 56,489 shares of the information technology services provider’s stock valued at $4,257,000 after purchasing an additional 4,204 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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.