Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Grove Bank & Trust

Grove Bank & Trust raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 341.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 516 shares of the information technology services provider’s stock after buying an additional 399 shares during the period. Grove Bank & Trust’s holdings in Fidelity National Information Services were worth $42,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Avanza Fonder AB purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth $3,227,000. CENTRAL TRUST Co lifted its stake in shares of Fidelity National Information Services by 757.9% during the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after purchasing an additional 10,452 shares during the period. Franklin Resources Inc. lifted its stake in shares of Fidelity National Information Services by 9.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock worth $117,571,000 after purchasing an additional 112,842 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Fidelity National Information Services by 51.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider’s stock worth $6,344,000 after purchasing an additional 25,701 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Fidelity National Information Services during the 3rd quarter worth $590,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Down 0.0 %

NYSE:FIS opened at $78.70 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a 50-day simple moving average of $83.12 and a 200 day simple moving average of $82.34. Fidelity National Information Services, Inc. has a one year low of $58.24 and a one year high of $91.98. The company has a market capitalization of $42.37 billion, a price-to-earnings ratio of 31.35, a price-to-earnings-growth ratio of 0.59 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. Fidelity National Information Services’s quarterly revenue was up 3.1% compared to the same quarter last year. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a $0.36 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.83%. Fidelity National Information Services’s payout ratio is currently 57.37%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FIS. Jefferies Financial Group increased their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Robert W. Baird increased their target price 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. Oppenheimer initiated coverage on Fidelity National Information Services in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. TD Cowen increased their target price on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Finally, Barclays increased their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

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.