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

Fidelity National Information Services, Inc. (NYSE:FIS) was the target of some unusual options trading on Tuesday. Stock traders acquired 6,058 put options on the company. This represents an increase of approximately 92% compared to the average volume of 3,158 put options.

Fidelity National Information Services Stock Up 1.0 %

NYSE FIS traded up $0.76 during mid-day trading on Tuesday, reaching $79.80. The stock had a trading volume of 515,802 shares, compared to its average volume of 1,567,359. Fidelity National Information Services has a 1 year low of $58.24 and a 1 year high of $91.98. The stock 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. The company has a fifty day moving average price of $84.91 and a 200 day moving average price 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.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data 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. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the business earned $0.94 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, research analysts expect that Fidelity National Information Services will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

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

Insider Buying and Selling at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey A. Goldstein acquired 626 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average price 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 approximately $917,535.25. This trade represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its stake in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 159 shares during the last quarter. Kennebec Savings Bank purchased a new stake in Fidelity National Information Services during the 3rd quarter valued at $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Fidelity National Information Services during the 2nd quarter valued at $30,000. Concord Wealth Partners raised its stake in Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 146 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new stake in Fidelity National Information Services during the 3rd quarter valued at $37,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FIS has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Royal Bank of Canada boosted their price target on Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Stephens boosted their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, October 18th. TD Cowen boosted their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, Jefferies Financial Group boosted their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.19.

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.