Equitable Trust Co. Reduces Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Equitable Trust Co. trimmed its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.2% during the fourth quarter, Holdings Channel reports. The fund owned 193,127 shares of the information technology services provider’s stock after selling 6,455 shares during the period. Fidelity National Information Services makes up approximately 0.9% of Equitable Trust Co.’s portfolio, making the stock its 27th largest position. Equitable Trust Co.’s holdings in Fidelity National Information Services were worth $15,599,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIS. Larson Financial Group LLC boosted its stake in Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 159 shares during the last quarter. Kennebec Savings Bank purchased a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at approximately $28,000. R Squared Ltd purchased a new stake in shares of Fidelity National Information Services during the 4th quarter valued at approximately $30,000. Groupama Asset Managment lifted its stake in shares of Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 319 shares in the last quarter. Finally, Concord Wealth Partners lifted its stake in shares of 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 in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FIS. Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $104.00 price target on shares of Fidelity National Information Services in a report on Wednesday, January 22nd. UBS Group increased their price target on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Compass Point started coverage on shares of Fidelity National Information Services in a report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price target on the stock. Finally, Morgan Stanley increased their target price on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Fidelity National Information Services Trading Up 0.7 %

Shares of FIS opened at $83.41 on Monday. The firm has a fifty day simple moving average of $81.38 and a two-hundred day simple moving average of $82.85. Fidelity National Information Services, Inc. has a twelve month low of $60.39 and a twelve month high of $91.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $44.90 billion, a P/E ratio of 33.23, a PEG ratio of 0.63 and a beta of 1.04.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.92%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 57.37%.

Insider Transactions at Fidelity National Information Services

In related news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey A. Goldstein purchased 701 shares of the 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 completion of the transaction, the director now owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The disclosure for this purchase 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.