Fidelity National Information Services Target of Unusually High Options Trading (NYSE:FIS)

Fidelity National Information Services, Inc. (NYSE:FIS) was the target of unusually large options trading activity on Tuesday. Investors acquired 6,437 call options on the stock. This represents an increase of 111% compared to the typical daily volume of 3,053 call options.

Insider Transactions at Fidelity National Information Services

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Graypoint LLC grew its holdings in Fidelity National Information Services by 4.6% during the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock worth $253,000 after acquiring an additional 132 shares during the period. Atomi Financial Group Inc. grew its holdings in Fidelity National Information Services by 3.4% during the third quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock worth $349,000 after acquiring an additional 135 shares during the period. Aptus Capital Advisors LLC grew its holdings in Fidelity National Information Services by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock worth $308,000 after acquiring an additional 137 shares during the period. Continuum Advisory LLC grew its holdings in Fidelity National Information Services by 4.6% during the third quarter. Continuum Advisory LLC now owns 3,182 shares of the information technology services provider’s stock worth $281,000 after acquiring an additional 141 shares during the period. Finally, Concord Wealth Partners grew its holdings in Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 146 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FIS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Barclays raised their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price target on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Bank of America raised their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Finally, Compass Point initiated coverage on shares of Fidelity National Information Services in a research report on Wednesday, November 20th. They set a “buy” rating and a $126.00 price target for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average target price of $91.50.

Fidelity National Information Services Stock Performance

FIS stock traded down $0.07 during mid-day trading on Tuesday, reaching $85.06. The company had a trading volume of 480,593 shares, compared to its average volume of 3,733,814. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $45.79 billion, a P/E ratio of 33.92, a P/E/G ratio of 0.72 and a beta of 1.04. Fidelity National Information Services has a one year low of $57.13 and a one year high of $91.98. The stock’s 50-day simple moving average is $87.02 and its two-hundred day simple moving average is $81.03.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.94 earnings per share. Research analysts anticipate that Fidelity National Information Services will post 5.18 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

Fidelity National Information Services Company Profile

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.