Argent Trust Co Increases Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Argent Trust Co raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 10.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,251 shares of the information technology services provider’s stock after purchasing an additional 966 shares during the quarter. Argent Trust Co’s holdings in Fidelity National Information Services were worth $828,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FIS. Morse Asset Management Inc purchased a new position in shares of Fidelity National Information Services in the third quarter valued at $37,000. Coldstream Capital Management Inc. raised its stake in Fidelity National Information Services by 4.9% during the third quarter. Coldstream Capital Management Inc. now owns 10,693 shares of the information technology services provider’s stock worth $898,000 after acquiring an additional 499 shares during the period. Anchor Investment Management LLC lifted its holdings in shares of Fidelity National Information Services by 1,240.5% in the 3rd quarter. Anchor Investment Management LLC now owns 1,756 shares of the information technology services provider’s stock worth $147,000 after purchasing an additional 1,625 shares during the last quarter. World Investment Advisors LLC grew its position in shares of Fidelity National Information Services by 2,063.1% during the third quarter. World Investment Advisors LLC now owns 70,971 shares of the information technology services provider’s stock worth $5,944,000 after acquiring an additional 67,690 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Fidelity National Information Services during the third quarter valued at approximately $976,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on FIS. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Morgan Stanley decreased their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. Stephens lowered their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, Robert W. Baird raised their price target on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Hold” and a consensus target price of $88.89.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was bought 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 of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Up 4.2 %

Shares of NYSE FIS opened at $72.41 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The company has a market cap of $38.35 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The stock has a 50-day moving average price of $72.29 and a two-hundred day moving average price of $80.11.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the prior year, the company posted $0.94 earnings per share. As a group, analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.40 per share. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Tuesday, March 11th. Fidelity National Information Services’s payout ratio is currently 61.30%.

Fidelity National Information Services Company 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.