Investors Buy High Volume of Put Options on Fidelity National Information Servcs (FIS)

Fidelity National Information Servcs Inc (NYSE:FIS) saw unusually large options trading on Friday. Stock investors acquired 3,778 put options on the company. This is an increase of 7,308% compared to the average volume of 51 put options.

Fidelity National Information Servcs (NYSE:FIS) opened at $98.47 on Monday. The stock has a market capitalization of $32,880.00, a price-to-earnings ratio of 61.16, a price-to-earnings-growth ratio of 1.69 and a beta of 0.88. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.25 and a quick ratio of 1.25. Fidelity National Information Servcs has a 12 month low of $75.52 and a 12 month high of $98.59.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.12. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.22 billion. Fidelity National Information Servcs had a return on equity of 14.05% and a net margin of 5.82%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. equities research analysts expect that Fidelity National Information Servcs will post 4.41 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 72.05%.

In related news, Director James B. Stallings, Jr. sold 8,486 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $91.87, for a total transaction of $779,608.82. Following the completion of the sale, the director now owns 12,317 shares in the company, valued at $1,131,562.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Gregory G. Montana sold 58,547 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $92.54, for a total value of $5,417,939.38. The disclosure for this sale can be found here. Insiders have sold 87,633 shares of company stock worth $8,146,090 over the last ninety days. 2.66% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Profund Advisors LLC grew its stake in shares of Fidelity National Information Servcs by 0.3% during the 2nd quarter. Profund Advisors LLC now owns 8,492 shares of the information technology services provider’s stock worth $725,000 after acquiring an additional 28 shares during the period. Quantitative Investment Management LLC grew its stake in shares of Fidelity National Information Servcs by 308.7% during the 2nd quarter. Quantitative Investment Management LLC now owns 127,500 shares of the information technology services provider’s stock worth $10,888,000 after acquiring an additional 96,300 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of Fidelity National Information Servcs by 11.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,147,690 shares of the information technology services provider’s stock worth $98,013,000 after acquiring an additional 118,801 shares during the period. Pinebridge Investments L.P. grew its stake in shares of Fidelity National Information Servcs by 0.6% during the 2nd quarter. Pinebridge Investments L.P. now owns 16,456 shares of the information technology services provider’s stock worth $1,405,000 after acquiring an additional 101 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Fidelity National Information Servcs by 0.3% during the 2nd quarter. Northern Trust Corp now owns 3,776,232 shares of the information technology services provider’s stock worth $322,491,000 after acquiring an additional 11,426 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

FIS has been the subject of several recent research reports. Robert W. Baird reiterated an “outperform” rating and set a $108.00 price target (up previously from $102.00) on shares of Fidelity National Information Servcs in a report on Tuesday, October 10th. JPMorgan Chase & Co. decreased their price target on Fidelity National Information Servcs from $106.00 to $103.00 and set an “overweight” rating for the company in a report on Wednesday, November 1st. Zacks Investment Research downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Cantor Fitzgerald reiterated a “buy” rating and set a $108.00 price target on shares of Fidelity National Information Servcs in a report on Sunday, November 12th. Finally, KeyCorp reiterated a “buy” rating on shares of Fidelity National Information Servcs in a report on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $99.53.

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Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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