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

Fidelity National Information Services, Inc. (NYSE:FIS) was the target of some unusual options trading on Wednesday. Investors bought 6,973 put options on the company. This is an increase of approximately 112% compared to the average daily volume of 3,296 put options.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $80.74 on Thursday. The stock has a market cap of $43.46 billion, a P/E ratio of 32.17, a PEG ratio of 0.60 and a beta of 1.04. The company’s 50-day simple moving average is $81.92 and its 200 day simple moving average is $82.56. Fidelity National Information Services has a twelve month low of $60.39 and a twelve month high of $91.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

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

Wall Street Analysts Forecast Growth

FIS has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Royal Bank of Canada restated an “outperform” rating and set a $104.00 price objective on shares of Fidelity National Information Services in a research report on Wednesday, January 22nd. Robert W. Baird lifted their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Morgan Stanley lifted their price objective on Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $115.00 to $101.00 in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $92.00.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

Large investors have recently modified their holdings of the stock. Dark Forest Capital Management LP bought a new stake in Fidelity National Information Services in the second quarter valued at approximately $223,000. Creative Planning increased its stake in Fidelity National Information Services by 13.5% in the second quarter. Creative Planning now owns 64,571 shares of the information technology services provider’s stock valued at $4,866,000 after purchasing an additional 7,656 shares in the last quarter. 3Chopt Investment Partners LLC bought a new stake in Fidelity National Information Services in the second quarter valued at approximately $447,000. New Wave Wealth Advisors LLC bought a new stake in Fidelity National Information Services in the second quarter valued at approximately $265,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Fidelity National Information Services during the second quarter worth $6,673,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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.