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

WASHINGTON TRUST Co lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 89,738 shares of the information technology services provider’s stock after selling 2,244 shares during the period. WASHINGTON TRUST Co’s holdings in Fidelity National Information Services were worth $7,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Fidelity National Information Services by 0.9% during the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock worth $2,070,491,000 after purchasing an additional 211,787 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Fidelity National Information Services by 13.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock valued at $371,343,000 after buying an additional 538,514 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Fidelity National Information Services by 449.8% in the third 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 last quarter. FMR LLC grew its holdings in Fidelity National Information Services by 6.7% during the third quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider’s stock worth $234,015,000 after acquiring an additional 174,673 shares during the period. Finally, Franklin Resources Inc. boosted its position in Fidelity National Information Services by 9.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock worth $117,571,000 after purchasing an additional 112,842 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on FIS. BNP Paribas cut shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. Compass Point dropped their target price on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday. Wells Fargo & Company lowered their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods reduced their target price on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Susquehanna lowered Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their target price for the company from $103.00 to $81.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have assigned 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 “Hold” and an average price target of $87.95.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Down 2.4 %

FIS stock opened at $68.84 on Friday. Fidelity National Information Services, Inc. has a one year low of $62.17 and a one year high of $91.98. The firm has a market cap of $37.06 billion, a PE ratio of 27.43, a PEG ratio of 0.63 and a beta of 1.04. The firm’s 50 day moving average price is $80.53 and its 200-day moving average price is $82.78. 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 posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same period in the prior year, the company earned $0.94 EPS. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.32%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is 61.30%.

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.