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

Fidelity National Information Services, Inc. (NYSE:FIS) was the target of unusually large options trading on Friday. Stock traders bought 11,390 call options on the stock. This is an increase of 155% compared to the typical daily volume of 4,470 call options.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. 111 Capital purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $1,077,000. Wealth Enhancement Advisory Services LLC increased its position in Fidelity National Information Services by 10.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 110,864 shares of the information technology services provider’s stock worth $8,954,000 after buying an additional 10,418 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Fidelity National Information Services in the fourth quarter worth $14,896,000. Aegis Wealth Management LLC purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at $382,000. Finally, Siemens Fonds Invest GmbH boosted its stake in shares of Fidelity National Information Services by 611.4% during the fourth quarter. Siemens Fonds Invest GmbH now owns 62,964 shares of the information technology services provider’s stock valued at $5,086,000 after acquiring an additional 54,113 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FIS. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Keefe, Bruyette & Woods cut their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. UBS Group reduced their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Susquehanna lowered Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their price target for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Fidelity National Information Services presently has an average rating of “Hold” and an average target price of $88.65.

Fidelity National Information Services Stock Down 1.4 %

Shares of NYSE:FIS opened at $73.38 on Friday. The company has a market capitalization of $38.87 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.23 and a beta of 1.11. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $74.76 and a 200 day moving average price of $81.40. Fidelity National Information Services has a 12-month low of $66.51 and a 12-month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate 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 period last year, the firm earned $0.94 EPS. Sell-side 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 given a dividend of $0.40 per share. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is presently 61.30%.

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.