Blue Trust Inc. Boosts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Blue Trust Inc. grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 32.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,042 shares of the information technology services provider’s stock after acquiring an additional 1,730 shares during the quarter. Blue Trust Inc.’s holdings in Fidelity National Information Services were worth $590,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Raymond James & Associates increased its stake in Fidelity National Information Services by 449.8% in the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after buying an additional 3,357,329 shares during the period. Nordea Investment Management AB boosted its position in Fidelity National Information Services by 1,304.8% in the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after buying an additional 562,154 shares during the period. The Manufacturers Life Insurance Company grew its stake in Fidelity National Information Services by 13.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock worth $371,343,000 after acquiring an additional 538,514 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Fidelity National Information Services by 89.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 630,999 shares of the information technology services provider’s stock valued at $52,846,000 after acquiring an additional 297,266 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Fidelity National Information Services by 0.9% in the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock valued at $2,070,491,000 after purchasing an additional 211,787 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on FIS shares. JPMorgan Chase & Co. raised their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Royal Bank of Canada restated an “outperform” rating and set a $104.00 price target on shares of Fidelity National Information Services in a research note on Wednesday, January 22nd. Wells Fargo & Company began coverage on shares of Fidelity National Information Services in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $88.00 price objective for the company. Stephens raised their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Jefferies Financial Group upped their price target on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Insider Buying and Selling at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction on Friday, November 15th. The shares were 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 of the company’s stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $82.03 on Friday. Fidelity National Information Services, Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $91.98. 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 company has a market cap of $44.16 billion, a PE ratio of 32.68, a P/E/G ratio of 0.60 and a beta of 1.04. The business has a 50-day simple moving average of $81.82 and a two-hundred day simple moving average of $82.55.

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

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.95%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is currently 57.37%.

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.