Fidelity National Information Services, Inc. (NYSE:FIS) Short Interest Up 5.2% in August

Fidelity National Information Services, Inc. (NYSE:FIS) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 11,880,000 shares, a growth of 5.2% from the August 15th total of 11,290,000 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily volume of 3,190,000 shares, the short-interest ratio is currently 3.7 days.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $85.03 on Tuesday. The firm has a market cap of $46.39 billion, a price-to-earnings ratio of -8.31, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08. The stock’s 50-day moving average is $78.43 and its 200-day moving average is $75.16. Fidelity National Information Services has a one year low of $46.91 and a one year high of $85.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. Fidelity National Information Services’s revenue was up 2.7% on a year-over-year basis. Equities analysts predict that Fidelity National Information Services will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, September 10th. This represents a $1.44 annualized dividend and a yield of 1.69%. Fidelity National Information Services’s payout ratio is presently -14.08%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 719 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were purchased at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the transaction, the director now owns 9,771 shares of the company’s stock, valued at $750,510.51. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Linden Thomas Advisory Services LLC bought a new stake in Fidelity National Information Services during the second quarter worth about $1,253,000. Quest Partners LLC bought a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $653,000. Jump Financial LLC bought a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $752,000. SG Americas Securities LLC raised its stake in Fidelity National Information Services by 572.2% in the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock valued at $16,775,000 after buying an additional 189,484 shares during the period. Finally, Cibc World Markets Corp raised its stake in Fidelity National Information Services by 19.1% in the fourth quarter. Cibc World Markets Corp now owns 747,428 shares of the information technology services provider’s stock valued at $44,898,000 after buying an additional 119,974 shares during the period. Institutional investors own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Susquehanna increased their price objective on Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research report on Wednesday, August 7th. Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target on the stock. in a research report on Monday, July 22nd. Keefe, Bruyette & Woods raised their price target on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price target on Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, TD Cowen raised their price target on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.65.

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.