Fidelity National Information Servcs Sees Unusually High Options Volume (FIS)

Fidelity National Information Servcs Inc (NYSE:FIS) was the target of some unusual options trading on Monday. Stock traders purchased 26,418 call options on the stock. This is an increase of approximately 9,757% compared to the typical volume of 268 call options.

NYSE:FIS opened at $106.60 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $35.16 billion, a P/E ratio of 20.38, a PEG ratio of 1.22 and a beta of 0.74. Fidelity National Information Servcs has a 12 month low of $93.71 and a 12 month high of $112.17.

Fidelity National Information Servcs (NYSE:FIS) last posted its earnings results on Tuesday, February 12th. The information technology services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.22 billion. Fidelity National Information Servcs had a return on equity of 16.71% and a net margin of 10.06%. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 earnings per share. On average, equities research analysts anticipate that Fidelity National Information Servcs will post 7.44 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a $0.35 dividend. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Thursday, March 14th. Fidelity National Information Servcs’s payout ratio is currently 26.77%.

FIS has been the topic of several research analyst reports. Zacks Investment Research downgraded Fidelity National Information Servcs from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. Goldman Sachs Group upgraded Fidelity National Information Servcs from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $108.00 to $128.00 in a research report on Tuesday, December 11th. ValuEngine downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. SunTrust Banks downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating and set a $106.54 price objective on the stock. in a research report on Tuesday. Finally, William Blair restated an “outperform” rating on shares of Fidelity National Information Servcs in a research report on Tuesday, February 12th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $118.85.

In other news, EVP Marc M. Mayo sold 34,826 shares of the business’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $105.00, for a total value of $3,656,730.00. Following the transaction, the executive vice president now directly owns 24,594 shares in the company, valued at $2,582,370. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary Norcross sold 160,000 shares of the business’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $108.81, for a total value of $17,409,600.00. Following the completion of the transaction, the chief executive officer now owns 249,434 shares in the company, valued at $27,140,913.54. The disclosure for this sale can be found here. Insiders have sold 282,842 shares of company stock valued at $30,621,347 in the last three months. 2.08% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Fidelity National Information Servcs by 1.1% in the third quarter. Vanguard Group Inc. now owns 24,821,437 shares of the information technology services provider’s stock worth $2,707,274,000 after buying an additional 261,868 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Fidelity National Information Servcs by 1.1% in the third quarter. Vanguard Group Inc now owns 24,821,437 shares of the information technology services provider’s stock worth $2,707,274,000 after buying an additional 261,868 shares in the last quarter. Lunia Capital LP purchased a new stake in shares of Fidelity National Information Servcs in the fourth quarter worth about $20,720,000. Morgan Stanley lifted its position in shares of Fidelity National Information Servcs by 6.8% in the third quarter. Morgan Stanley now owns 5,320,322 shares of the information technology services provider’s stock worth $580,287,000 after buying an additional 339,407 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Fidelity National Information Servcs by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 4,520,153 shares of the information technology services provider’s stock worth $462,775,000 after acquiring an additional 347,672 shares during the last quarter. Institutional investors own 89.14% of the company’s stock.

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About Fidelity National Information Servcs

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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