Investors Purchase High Volume of Fidelity National Information Services Put Options (NYSE:FIS)

Fidelity National Information Services, Inc. (NYSE:FIS) was the target of some unusual options trading on Wednesday. Investors bought 6,973 put options on the stock. This is an increase of approximately 112% compared to the average daily volume of 3,296 put options.

Fidelity National Information Services Trading Up 0.8 %

Fidelity National Information Services stock traded up $0.65 during mid-day trading on Wednesday, hitting $81.01. The company’s stock had a trading volume of 484,602 shares, compared to its average volume of 2,228,708. Fidelity National Information Services has a one year low of $60.39 and a one year high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The company has a 50 day moving average of $81.92 and a 200-day moving average of $82.56. The stock has a market cap of $43.61 billion, a PE ratio of 32.31, a P/E/G ratio of 0.60 and a beta of 1.04.

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

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a $0.36 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.78%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FIS. Mizuho boosted their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Susquehanna boosted their price target on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research note on Tuesday, November 5th. Wells Fargo & Company began coverage on Fidelity National Information Services in a research note on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 price target for the company. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $115.00 to $101.00 in a research note on Monday, January 6th. Finally, UBS Group boosted their price target on Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Insider Buying and Selling at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares of the company’s stock, valued at $2,832,546.03. The trade was a 25.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey A. Goldstein bought 701 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIS. Avanza Fonder AB purchased a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $3,227,000. CENTRAL TRUST Co lifted its holdings in shares of Fidelity National Information Services by 757.9% during the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after purchasing an additional 10,452 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Fidelity National Information Services by 9.2% during the third quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock worth $117,571,000 after purchasing an additional 112,842 shares during the period. Brighton Jones LLC acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $347,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Fidelity National Information Services by 51.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider’s stock worth $6,344,000 after purchasing an additional 25,701 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.