Short interest in Fidelity National Information Services, Inc. (NYSE: FIS) increases 18.3%
Fidelity National Information Services, Inc. (NYSE: FIS) benefited from strong growth in short-term interest in November. As of November 15, there was short interest totaling 6,530,000 shares, an increase of 18.3% from the total of 5,520,000 shares as of October 31. Based on an average trading volume of 3,940,000 shares, the short-term interest rate is currently 1.7 days. About 1.1% of the company’s shares are sold short.
FIS has been the subject of several research analyst reports. Citigroup lowered its price target on Fidelity National Information Services from $ 175.00 to $ 160.00 and set a “buy” rating on the stock in a research report on Friday, November 5. Oppenheimer lowered its target price on Fidelity National Information Services from $ 158.00 to $ 150.00 and set an “outperform” rating on the stock in a report released on Friday, November 5. TheStreet reduced Fidelity National Information Services from a “b-” rating to a “c +” rating in a report released on Friday, September 10. JPMorgan Chase & Co. raised its price target on Fidelity National Information Services from $ 153.00 to $ 160.00 and rated the stock “overweight” in a report released on Tuesday August 17th. Finally, Raymond James reduced his target price on Fidelity National Information Services from $ 178.00 to $ 157.00 and established a strong buy rating on the stock in a report released on Monday, November 1. Five analysts assigned a conservation rating to the stock, ten assigned a buy rating and one assigned a high buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $ 160.07.
The FIS traded at $ 2.43 in Friday’s session, reaching $ 103.30. 4,643,583 shares of the stock traded for an average volume of 4,129,166. The stock has a market capitalization of $ 62.90 billion, a price / earnings ratio of 279.20, a price / earnings ratio -growth of 1.05 and a beta of 0.74. Fidelity National Information Services has a 52 week low of $ 101.79 and a 52 week high of $ 155.96. The company has a debt to equity ratio of 0.34, a current ratio of 0.79, and a rapid ratio of 0.79. The stock’s 50-day simple moving average is $ 115.74 and its two-hundred-day simple moving average is $ 130.86.
Fidelity National Information Services (NYSE: FIS) last released its quarterly earnings data on Thursday, November 4. The IT services provider reported earnings per share (EPS) of $ 1.73 for the quarter, beating analyst consensus estimates of $ 1.68 by $ 0.05. Fidelity National Information Services delivered a return on equity of 8.08% and a net margin of 1.69%. The company posted revenue of $ 3.51 billion in the quarter, compared to $ 3.52 billion expected by analysts. In the same quarter of last year, the company made earnings per share of $ 1.42. The company’s revenue for the quarter increased 9.7% year-over-year. Research analysts predict that Fidelity National Information Services will post earnings per share of 6.57 for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 27. Shareholders of record on Monday, December 13 will receive a dividend of $ 0.39. The ex-dividend date is Friday December 10. This represents a dividend of $ 1.56 on an annualized basis and a dividend yield of 1.51%. Fidelity National Information Services’ dividend payout ratio is currently 421.63%.
Several large investors have recently changed their positions in FIS. BlackRock Inc. increased its position in shares of Fidelity National Information Services by 8.2% in the second quarter. BlackRock Inc. now owns 50,920,609 shares of the IT service provider valued at $ 7,213,922,000 after purchasing an additional 3,877,705 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Fidelity National Information Services by 18.6% during the 3rd quarter. Wellington Management Group LLP now owns 19,275,082 shares of the IT service provider valued at $ 2,345,392,000 after purchasing an additional 3,022,430 shares in the last quarter. FIL Ltd increased its position in Fidelity National Information Services shares by 165.1% during the 3rd quarter. FIL Ltd now owns 4,319,390 shares of the IT service provider valued at $ 525,584,000 after purchasing an additional 2,690,027 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Fidelity National Information Services by 11.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 20,291,807 shares of the IT service provider valued at $ 2,469,108,000 after purchasing an additional 2,081,910 shares in the last quarter. Finally, Amundi acquired a new position in shares of Fidelity National Information Services during the second quarter for an amount of approximately $ 273,996,000. 89.08% of the shares are held by institutional investors.
About Fidelity National Information Services
Fidelity National Information Services, Inc. deals with technology, solutions and services for traders, banks and capital markets companies. It operates in the following segments: merchant, banking and capital markets. The Merchants segment is focused on serving merchants of all sizes around the world, enabling them to accept electronic payments, including credit, debit and prepaid payments from a physical point of sale as well as environments cardless such as e-commerce and mobile.
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