Wilmington Savings Fund Society FSB Has $990,000 Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Wilmington Savings Fund Society FSB lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 5.2% during the 4th quarter, Holdings Channel reports. The firm owned 12,259 shares of the information technology services provider’s stock after buying an additional 610 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Fidelity National Information Services were worth $990,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. 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 worth $27,000 after purchasing an additional 159 shares in the last quarter. Kennebec Savings Bank bought a new position in shares of Fidelity National Information Services in the third quarter valued at about $28,000. R Squared Ltd acquired a new position in Fidelity National Information Services during the 4th quarter worth about $30,000. Groupama Asset Managment grew its holdings in 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 worth $35,000 after acquiring an additional 319 shares during the last quarter. Finally, Concord Wealth Partners raised its stake in shares of Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 146 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Activity

In other news, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey A. Goldstein acquired 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 completion of the acquisition, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This represents a 6.74 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Down 1.1 %

NYSE FIS opened at $82.53 on Tuesday. Fidelity National Information Services, Inc. has a one year low of $60.39 and a one year high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $44.43 billion, a P/E ratio of 32.88, a P/E/G ratio of 0.63 and a beta of 1.04. The stock’s 50-day moving average is $81.38 and its 200-day moving average is $82.90.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.94%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is presently 63.75%.

Analyst Ratings Changes

Several analysts have recently commented on FIS shares. Mizuho increased their price target on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Jefferies Financial Group increased their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Susquehanna boosted their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research report on Tuesday, November 5th. Compass Point started coverage on 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, Stephens boosted their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus target price of $92.00.

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.