Fidelity National Information Services (NYSE:FIS) Sees Unusually-High Trading Volume – What’s Next?

Fidelity National Information Services, Inc. (NYSE:FIS) shares saw unusually-high trading volume on Monday . Approximately 4,010,506 shares traded hands during trading, an increase of 15% from the previous session’s volume of 3,497,434 shares.The stock last traded at $77.85 and had previously closed at $74.58.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FIS. Raymond James lowered Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Royal Bank of Canada reduced their price objective on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. TD Cowen raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Monday. Compass Point cut their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, UBS Group lowered their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus price target of $89.05.

Fidelity National Information Services Trading Up 2.8 %

The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $40.60 billion, a P/E ratio of 29.37, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The company has a fifty day simple moving average of $71.39 and a two-hundred day simple moving average of $79.68.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period in the previous year, the business earned $0.94 earnings per share. On average, analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is 61.30%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the business’s stock in a transaction on Tuesday, April 15th. The stock was purchased at an average price of $72.04 per share, with a total value of $60,801.76. Following the acquisition, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. The trade was a 7.60 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bradley Foster & Sargent Inc. CT raised its stake in shares of Fidelity National Information Services by 4.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock valued at $232,000 after buying an additional 128 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in Fidelity National Information Services by 2.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock worth $480,000 after purchasing an additional 129 shares during the period. Old Port Advisors lifted its stake in Fidelity National Information Services by 4.9% during the fourth quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock worth $232,000 after purchasing an additional 135 shares during the period. Modera Wealth Management LLC grew its stake in shares of Fidelity National Information Services by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider’s stock valued at $242,000 after purchasing an additional 137 shares during the period. Finally, Center for Financial Planning Inc. raised its holdings in shares of Fidelity National Information Services by 3.8% in the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider’s stock worth $303,000 after buying an additional 138 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

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.