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

Fidelity National Information Services, Inc. (NYSE:FIS) saw some unusual options trading on Friday. Traders bought 11,390 call options on the company. This represents an increase of approximately 155% compared to the average volume of 4,470 call options.

Fidelity National Information Services Trading Down 0.5 %

Fidelity National Information Services stock traded down $0.38 during midday trading on Friday, reaching $74.03. The stock had a trading volume of 1,221,763 shares, compared to its average volume of 3,371,497. The stock’s 50-day simple moving average is $74.83 and its 200 day simple moving average is $81.47. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Information Services has a twelve month low of $66.51 and a twelve month high of $91.98. The stock has a market capitalization of $39.21 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter last year, the business earned $0.94 EPS. Analysts expect that Fidelity National Information Services will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is presently 61.30%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FIS. Larson Financial Group LLC boosted its position in shares of Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after buying an additional 159 shares during the period. R Squared Ltd bought a new position in Fidelity National Information Services during the fourth quarter valued at about $30,000. Groupama Asset Managment increased its stake in shares of Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 319 shares during the period. Morse Asset Management Inc bought a new position in shares of Fidelity National Information Services in the third quarter worth about $37,000. Finally, OFI Invest Asset Management acquired a new stake in Fidelity National Information Services during the fourth quarter worth about $40,000. Institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Royal Bank of Canada lowered their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Barclays cut their target price on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods cut their target price on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company cut their target price on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Finally, Morgan Stanley cut their target price on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $88.65.

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.