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

Fidelity National Information Services, Inc. (NYSE:FIS) saw unusually large options trading activity on Wednesday. Stock investors bought 6,973 put options on the stock. This represents an increase of approximately 112% compared to the average daily volume of 3,296 put options.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FIS. Compass Point began coverage on shares of Fidelity National Information Services in a report on Wednesday, November 20th. They set a “buy” rating and a $126.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and set a $104.00 target price on shares of Fidelity National Information Services in a report on Wednesday, January 22nd. Morgan Stanley upped their price objective on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. upped their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Jefferies Financial Group upped their price objective on shares of 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 analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average target price of $92.00.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $80.74 on Thursday. 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 has a 1 year low of $60.39 and a 1 year high of $91.98. The stock’s 50 day simple moving average is $81.92 and its two-hundred day simple moving average is $82.56. The company has a market cap of $43.46 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 0.60 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. As a group, equities analysts anticipate that Fidelity National Information Services will post 5.18 earnings per share for the current fiscal year.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fidelity National Information Services

A number of large investors have recently bought and sold shares of FIS. Larson Financial Group LLC raised its position in shares of Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares in the last quarter. Kennebec Savings Bank acquired a new position in Fidelity National Information Services during the 3rd quarter valued at about $28,000. University of Texas Texas AM Investment Management Co. acquired a new position in Fidelity National Information Services during the 2nd quarter valued at about $30,000. R Squared Ltd purchased a new stake in Fidelity National Information Services during the 4th quarter valued at about $30,000. Finally, Groupama Asset Managment grew its stake in Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 319 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.