WASHINGTON TRUST Co Decreases Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

WASHINGTON TRUST Co lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.0% during the third quarter, HoldingsChannel.com reports. The fund owned 91,982 shares of the information technology services provider’s stock after selling 1,877 shares during the quarter. WASHINGTON TRUST Co’s holdings in Fidelity National Information Services were worth $7,703,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in FIS. Cadence Bank raised its position in shares of Fidelity National Information Services by 1.9% during the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock valued at $530,000 after buying an additional 132 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in shares of Fidelity National Information Services by 3.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock valued at $349,000 after purchasing an additional 135 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Fidelity National Information Services by 6.8% in the 1st quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock worth $166,000 after purchasing an additional 143 shares during the period. Concord Wealth Partners raised its holdings in Fidelity National Information Services by 50.2% during 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, SageView Advisory Group LLC lifted its position in Fidelity National Information Services by 1.3% in the first quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock worth $853,000 after buying an additional 148 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FIS shares. UBS Group boosted their price objective on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. TD Cowen increased their price target on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods upped their price objective on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Morgan Stanley lowered shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price for the company. in a research note on Monday, July 22nd. Finally, Royal Bank of Canada raised their price target on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.30.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Stock Up 0.5 %

NYSE:FIS traded up $0.49 during midday trading on Wednesday, reaching $90.50. 619,304 shares of the stock traded hands, compared to its average volume of 3,720,990. The business has a 50-day moving average of $84.81 and a two-hundred day moving average of $78.51. The stock has a market capitalization of $50.34 billion, a PE ratio of -8.80, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. Fidelity National Information Services, Inc. has a 12-month low of $47.97 and a 12-month high of $91.28.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.13. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.55 earnings per share. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

Fidelity National Information Services 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.