Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 11,623 shares of the information technology services provider’s stock after selling 208 shares during the quarter. CENTRAL TRUST Co’s holdings in Fidelity National Information Services were worth $939,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares during the period. Kennebec Savings Bank acquired a new position in shares of Fidelity National Information Services in the 3rd quarter valued at about $28,000. R Squared Ltd acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at about $30,000. Concord Wealth Partners lifted its holdings in shares of Fidelity National Information Services by 50.2% in the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 146 shares during the period. Finally, Morse Asset Management Inc acquired a new position in shares of Fidelity National Information Services in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Trading Up 0.5 %

FIS opened at $81.88 on Tuesday. Fidelity National Information Services, Inc. has a one year low of $60.39 and a one year high of $91.98. The stock has a market capitalization of $44.08 billion, a PE ratio of 32.62, a P/E/G ratio of 0.62 and a beta of 1.04. The business’s 50 day moving average price is $81.65 and its 200 day moving average price is $82.66. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data 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 firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the firm posted $0.94 earnings per share. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.95%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Insider Activity at Fidelity National Information Services

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FIS. Mizuho boosted their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Compass Point initiated coverage on Fidelity National Information Services in a research note on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price target for the company. Morgan Stanley lifted their price target on Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Royal Bank of Canada restated an “outperform” rating and issued a $104.00 price target on shares of Fidelity National Information Services in a research note on Wednesday, January 22nd. Finally, Barclays lifted their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $92.00.

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.