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

Fidelity National Information Services, Inc. (NYSE:FIS) was the target of some unusual options trading activity on Tuesday. Traders bought 6,437 call options on the stock. This is an increase of approximately 111% compared to the average daily volume of 3,053 call options.

Insider Activity

In other news, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were 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 approximately $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey A. Goldstein bought 626 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Inspire Trust Co. N.A. lifted its holdings in Fidelity National Information Services by 19.8% in the 3rd quarter. Inspire Trust Co. N.A. now owns 33,320 shares of the information technology services provider’s stock valued at $2,791,000 after purchasing an additional 5,500 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Fidelity National Information Services by 9.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock valued at $117,571,000 after purchasing an additional 112,842 shares in the last quarter. Synovus Financial Corp lifted its holdings in shares of Fidelity National Information Services by 68.1% during the 3rd quarter. Synovus Financial Corp now owns 15,676 shares of the information technology services provider’s stock worth $1,313,000 after acquiring an additional 6,349 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Fidelity National Information Services during the 3rd quarter worth about $976,000. Finally, World Investment Advisors LLC lifted its holdings in shares of Fidelity National Information Services by 2,063.1% during the 3rd quarter. World Investment Advisors LLC now owns 70,971 shares of the information technology services provider’s stock worth $5,944,000 after acquiring an additional 67,690 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on FIS shares. TD Cowen boosted their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Royal Bank of Canada boosted their price objective on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Robert W. Baird boosted their price objective on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Jefferies Financial Group boosted their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.50.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded down $0.07 on Tuesday, reaching $85.06. 480,593 shares of the company were exchanged, compared to its average volume of 3,733,814. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services has a 1-year low of $57.13 and a 1-year high of $91.98. The firm has a market cap of $45.79 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. The company has a 50-day moving average of $87.02 and a 200-day moving average of $81.03.

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 for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 EPS. Equities analysts forecast that Fidelity National Information Services will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

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.