Fidelity National Information Services (NYSE:FIS) Sees Large Volume Increase - Here's What Happened

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) saw an uptick in trading volume on Monday . 4,010,506 shares traded hands during mid-day trading, an increase of 15% from the previous session's volume of 3,497,434 shares.The stock last traded at $77.85 and had previously closed at $74.58.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FIS shares. Compass Point dropped their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their price target for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. UBS Group decreased their target price on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. Robert W. Baird increased their price target on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research report on Friday, April 4th. Finally, Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Fidelity National Information Services currently has an average rating of "Moderate Buy" and an average price target of $89.29.

Fidelity National Information Services Trading Down 0.6 %

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $42.05 billion, a P/E ratio of 30.42, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The stock has a 50-day moving average price of $72.27 and a two-hundred day moving average price of $79.49.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period in the previous year, the company earned $0.94 EPS. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. 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 yield of 2.02%. Fidelity National Information Services's dividend payout ratio (DPR) is 61.30%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the transaction, the director now directly owns 11,942 shares of the company's stock, valued at $860,301.68. This trade represents a 7.60 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.20% of the company's stock.

Hedge Funds Weigh In On Fidelity National Information Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Fidelity National Information Services during the 4th quarter valued at about $635,202,000. Raymond James Financial Inc. bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $451,458,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Fidelity National Information Services by 100.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock valued at $261,037,000 after purchasing an additional 1,616,146 shares during the last quarter. KBC Group NV boosted its position in shares of Fidelity National Information Services by 1,390.5% in the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider's stock worth $95,330,000 after purchasing an additional 1,101,072 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in shares of Fidelity National Information Services by 3.8% in the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock worth $2,377,325,000 after buying an additional 1,082,929 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Company Profile

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.