Intrust Bank NA Reduces Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Intrust Bank NA lowered its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 22.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,162 shares of the information technology services provider’s stock after selling 2,047 shares during the quarter. Intrust Bank NA’s holdings in Fidelity National Information Services were worth $430,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. OFI Invest Asset Management bought a new stake in Fidelity National Information Services during the 3rd quarter valued at $25,000. Baystate Wealth Management LLC raised its position in Fidelity National Information Services by 332.1% during the 3rd quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 372 shares in the last quarter. BKM Wealth Management LLC bought a new stake in Fidelity National Information Services during the 4th quarter valued at $35,000. Criterion Capital Advisors LLC bought a new stake in Fidelity National Information Services during the 4th quarter valued at $40,000. Finally, ORG Partners LLC bought a new stake in Fidelity National Information Services during the 4th quarter valued at $48,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 775 shares of the company’s stock in a transaction on Monday, April 15th. The shares were acquired at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the purchase, the director now owns 9,052 shares in the company, valued at $655,093.24. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.68% of the company’s stock.

Fidelity National Information Services Trading Down 1.1 %

Shares of NYSE:FIS opened at $67.20 on Thursday. The business’s 50-day moving average is $70.32 and its 200 day moving average is $62.29. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $74.75. The firm has a market capitalization of $37.73 billion, a P/E ratio of -5.98, a P/E/G ratio of 0.88 and a beta of 0.97. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.75 and a quick ratio of 0.75.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.52 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $1.71 earnings per share. On average, research analysts predict that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current fiscal year.

Fidelity National Information Services announced that its Board of Directors has approved a share repurchase program on Monday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.44 annualized dividend and a yield of 2.14%. Fidelity National Information Services’s payout ratio is presently -12.81%.

Analyst Ratings Changes

FIS has been the subject of a number of research analyst reports. Mizuho lifted their target price on Fidelity National Information Services from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. TheStreet raised Fidelity National Information Services from a “d” rating to a “c” rating in a research report on Monday, February 26th. Evercore ISI boosted their price target on Fidelity National Information Services from $62.00 to $75.00 and gave the stock an “in-line” rating in a research report on Tuesday. Robert W. Baird lowered Fidelity National Information Services from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $76.00 to $78.00 in a research report on Wednesday, March 13th. Finally, Bank of America boosted their price target on Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.50.

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.