Equitable Trust Co. Has $15.60 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Equitable Trust Co. cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 accounts for 0.9% of Equitable Trust Co.’s holdings, making the stock its 27th largest position. Equitable Trust Co.’s holdings in Fidelity National Information Services were worth $15,599,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares during the last quarter. Kennebec Savings Bank bought a new position in shares of Fidelity National Information Services during the third quarter worth approximately $28,000. R Squared Ltd bought a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $30,000. Groupama Asset Managment increased its holdings in shares of Fidelity National Information Services by 0.8% during the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 319 shares during the period. Finally, Concord Wealth Partners increased its holdings in shares of Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 146 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

FIS stock opened at $83.41 on Monday. The firm has a market cap of $44.90 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 0.63 and a beta of 1.04. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 12-month low of $60.39 and a 12-month high of $91.98. The company’s fifty day simple moving average is $81.38 and its 200 day simple moving average is $82.85.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a $0.40 dividend. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 1.92%. Fidelity National Information Services’s payout ratio is presently 57.37%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Morgan Stanley raised their target price on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. UBS Group lifted their price objective on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $115.00 to $101.00 in a research report on Monday, January 6th. Finally, Compass Point assumed coverage on shares of Fidelity National Information Services in a research report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on 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 sale, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

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.