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Fidelity National Information Services, Inc. (NYSE:FIS) Short Interest Update

Fidelity National Information Services, Inc. (NYSE:FIS) Short Interest Update


Fidelity National Information Services, Inc. (NYSE:FIS – Get Free Report) saw significant growth in short interest in September. As of September 15th, there was short interest totaling 12,590,000 shares, a growth of 6.0% from the August 31st total of 11,880,000 shares. Based on an average daily trading volume, of 2,860,000 shares, the short-interest ratio is currently 4.4 days. Approximately 2.3% of the shares of the stock are sold short.

Fidelity National Information Services Stock Down 0.1%

Shares of FIS stock traded down $0.08 during trading hours on Tuesday, reaching $83.67. The company had a trading volume of 2,671,295 shares, compared to its average volume of 3,874,278. The company has a market capitalization of $46.54 billion, a P/E ratio of -8.16, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. Fidelity National Information Services has a twelve month low of $46.91 and a twelve month high of $85.63. The stock’s fifty day simple moving average is $80.07 and its 200 day simple moving average is $76.18.

Fidelity National Information Services (NYSE:FIS – Get Free Report) last posted its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the previous year, the company posted $1.55 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that Fidelity National Information Services will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Barclays raised their target price on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lifted its price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Oppenheimer initiated coverage on Fidelity National Information Services in a research report on Tuesday. They set a “market perform” rating on the stock. UBS Group lifted its price target on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, Bank of America raised its price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Eleven 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.25.

View Our Latest Analysis on FIS

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 719 shares of Fidelity National Information Services stock in a transaction dated Monday, July 15th. The shares were acquired at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the transaction, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Fidelity National Information Services by 19.1% during the 1st quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock valued at $5,093,093,000 after buying an additional 11,023,109 shares during the last quarter. FIL Ltd increased its stake in Fidelity National Information Services by 27.3% during the 4th quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock valued at $773,552,000 after acquiring an additional 2,758,049 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Fidelity National Information Services by 6.8% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider’s stock worth $505,956,000 after acquiring an additional 537,180 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Fidelity National Information Services by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider’s stock worth $395,729,000 after purchasing an additional 249,678 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Fidelity National Information Services by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider’s stock valued at $372,135,000 after purchasing an additional 75,429 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

About Fidelity National Information Services

(Get Free Report)

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.

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