Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Private Trust Co. NA

Private Trust Co. NA cut its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 25.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,564 shares of the information technology services provider’s stock after selling 531 shares during the period. Private Trust Co. NA’s holdings in Fidelity National Information Services were worth $131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. lifted its stake in Fidelity National Information Services by 28.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 8,955 shares of the information technology services provider’s stock valued at $664,000 after acquiring an additional 2,007 shares during the period. Comerica Bank boosted its holdings in Fidelity National Information Services by 11.8% in the first quarter. Comerica Bank now owns 122,532 shares of the information technology services provider’s stock valued at $9,089,000 after purchasing an additional 12,969 shares during the last quarter. LRI Investments LLC acquired a new stake in Fidelity National Information Services during the 1st quarter worth about $46,000. Cetera Investment Advisers raised its stake in shares of Fidelity National Information Services by 901.8% during the 1st quarter. Cetera Investment Advisers now owns 103,983 shares of the information technology services provider’s stock valued at $7,713,000 after buying an additional 93,603 shares during the last quarter. Finally, Cetera Advisors LLC lifted its holdings in shares of Fidelity National Information Services by 59.6% in the 1st quarter. Cetera Advisors LLC now owns 9,759 shares of the information technology services provider’s stock valued at $724,000 after buying an additional 3,646 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $85.33 on Friday. The company has a market cap of $45.94 billion, a P/E ratio of 34.00, a P/E/G ratio of 0.72 and a beta of 1.06. Fidelity National Information Services, Inc. has a twelve month low of $57.13 and a twelve month high of $91.98. The company’s 50-day moving average price is $87.02 and its 200-day moving average price is $80.97. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last issued 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. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the previous year, the firm posted $0.94 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.69%. Fidelity National Information Services’s payout ratio is 57.37%.

Insider Activity

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction 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 owns 32,199 shares in the company, valued at $2,832,546.03. The trade was 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 through the SEC website. Also, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the acquisition, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FIS shares. UBS Group lifted their price target on Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Stephens lifted 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 report on Friday, October 18th. Bank of America increased their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Royal Bank of Canada upped their price objective on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, Compass Point initiated coverage on Fidelity National Information Services in a research report on Wednesday, November 20th. They set a “buy” rating and a $126.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

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.