Investors Buy Large Volume of Put Options on Fidelity National Information Services (NYSE:FIS)

Fidelity National Information Services, Inc. (NYSE:FIS) saw some unusual options trading on Tuesday. Investors bought 6,058 put options on the stock. This represents an increase of approximately 92% compared to the typical daily volume of 3,158 put options.

Analyst Ratings Changes

Several brokerages have issued reports on FIS. Morgan Stanley increased their price target on Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Bank of America increased their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. BNP Paribas lowered Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. UBS Group increased their price objective on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, TD Cowen increased their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.19.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded up $0.76 during trading hours on Tuesday, reaching $79.80. The company had a trading volume of 515,802 shares, compared to its average volume of 1,567,359. Fidelity National Information Services has a one year low of $58.24 and a one year high of $91.98. The business has a fifty day simple moving average of $84.91 and a 200 day simple moving average of $82.13. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $42.96 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 0.72 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 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 firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the company earned $0.94 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts anticipate that Fidelity National Information Services will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services’s payout ratio is currently 57.37%.

Insider Activity at Fidelity National Information Services

In related news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey A. Goldstein bought 626 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the transaction, the director now owns 10,397 shares in the company, 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. 0.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Several large investors have recently added to or reduced their stakes in the business. CWA Asset Management Group LLC boosted its stake in Fidelity National Information Services by 567.1% during the fourth quarter. CWA Asset Management Group LLC now owns 28,860 shares of the information technology services provider’s stock valued at $2,331,000 after buying an additional 24,534 shares during the period. Nordea Investment Management AB boosted its stake in Fidelity National Information Services by 1,304.8% during the fourth quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after buying an additional 562,154 shares during the period. Everence Capital Management Inc. boosted its stake in Fidelity National Information Services by 68.2% during the fourth quarter. Everence Capital Management Inc. now owns 12,380 shares of the information technology services provider’s stock valued at $1,000,000 after buying an additional 5,020 shares during the period. GAMMA Investing LLC boosted its stake in Fidelity National Information Services by 11.5% during the fourth quarter. GAMMA Investing LLC now owns 13,232 shares of the information technology services provider’s stock valued at $1,069,000 after buying an additional 1,364 shares during the period. Finally, Versant Capital Management Inc raised its position in Fidelity National Information Services by 32.4% during the fourth quarter. Versant Capital Management Inc now owns 968 shares of the information technology services provider’s stock valued at $78,000 after purchasing an additional 237 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

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.