Short Interest in Fidelity National Information Services, Inc. (NYSE:FIS) Increases By 18.4%

Fidelity National Information Services, Inc. (NYSE:FISGet Rating) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 6,380,000 shares, a growth of 18.4% from the March 31st total of 5,390,000 shares. Based on an average daily trading volume, of 4,110,000 shares, the short-interest ratio is presently 1.6 days. Approximately 1.1% of the shares of the company are short sold.

FIS stock opened at $99.63 on Wednesday. The company has a market capitalization of $60.85 billion, a PE ratio of 146.52, a price-to-earnings-growth ratio of 1.00 and a beta of 0.70. Fidelity National Information Services has a one year low of $85.00 and a one year high of $153.40. The company’s 50 day moving average price is $97.67 and its two-hundred day moving average price is $106.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.74 and a current ratio of 0.74.

Fidelity National Information Services (NYSE:FISGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The information technology services provider reported $1.47 EPS for the quarter, topping the consensus estimate of $1.46 by $0.01. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. Fidelity National Information Services had a net margin of 3.01% and a return on equity of 8.50%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $1.30 earnings per share. On average, research analysts predict that Fidelity National Information Services will post 7.3 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, June 10th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, June 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 276.47%.

A number of equities analysts have weighed in on FIS shares. Credit Suisse Group cut their target price on shares of Fidelity National Information Services from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, February 16th. Rosenblatt Securities cut their target price on shares of Fidelity National Information Services from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, February 16th. Raymond James cut their target price on shares of Fidelity National Information Services from $155.00 to $152.00 and set a “strong-buy” rating for the company in a research report on Tuesday, January 11th. Citigroup cut their target price on shares of Fidelity National Information Services from $138.00 to $130.00 in a research report on Monday, April 25th. Finally, BNP Paribas upgraded shares of Fidelity National Information Services from a “neutral” rating to an “outperform” rating and set a $138.00 price objective for the company in a research report on Monday, January 10th. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services has an average rating of “Buy” and a consensus price target of $137.36.

Several hedge funds and other institutional investors have recently modified their holdings of FIS. Advisor Group Holdings Inc. increased its stake in shares of Fidelity National Information Services by 16.8% in the third quarter. Advisor Group Holdings Inc. now owns 122,181 shares of the information technology services provider’s stock worth $14,882,000 after buying an additional 17,568 shares during the period. MUFG Americas Holdings Corp purchased a new position in shares of Fidelity National Information Services in the third quarter worth $102,000. Advisory Services Network LLC increased its stake in shares of Fidelity National Information Services by 8.9% in the third quarter. Advisory Services Network LLC now owns 8,169 shares of the information technology services provider’s stock worth $994,000 after buying an additional 667 shares during the period. Keybank National Association OH increased its stake in shares of Fidelity National Information Services by 62.2% in the third quarter. Keybank National Association OH now owns 6,342 shares of the information technology services provider’s stock worth $772,000 after buying an additional 2,431 shares during the period. Finally, Dash Acquisitions Inc. increased its stake in shares of Fidelity National Information Services by 9.8% in the third quarter. Dash Acquisitions Inc. now owns 35,342 shares of the information technology services provider’s stock worth $4,300,000 after buying an additional 3,140 shares during the period. 89.51% of the stock is currently owned by institutional investors.

Fidelity National Information Services Company Profile (Get Rating)

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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