Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 5.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,259 shares of the information technology services provider’s stock after acquiring an additional 610 shares during the period. 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.

Several other large investors have also modified their holdings of the stock. Larson Financial Group LLC lifted its position in shares of Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 159 shares in the last quarter. Kennebec Savings Bank purchased a new stake in shares of Fidelity National Information Services in the third quarter valued at $28,000. R Squared Ltd acquired a new stake in shares of Fidelity National Information Services in the fourth quarter worth $30,000. Groupama Asset Managment grew 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 valued at $35,000 after buying an additional 319 shares in the last quarter. Finally, Concord Wealth Partners lifted its stake in Fidelity National Information Services by 50.2% in the 3rd 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 in the last quarter. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Trading Down 1.1 %

Shares of Fidelity National Information Services stock opened at $82.53 on Tuesday. The company has a market cap of $44.43 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 0.63 and a beta of 1.04. Fidelity National Information Services, Inc. has a 1 year low of $60.39 and a 1 year high of $91.98. The company’s fifty day simple moving average is $81.38 and its 200-day simple moving average is $82.90. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend 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 dividend payout ratio is currently 63.75%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FIS. Royal Bank of Canada reaffirmed an “outperform” rating and set a $104.00 target price on shares of Fidelity National Information Services in a research note on Wednesday, January 22nd. BNP Paribas cut shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. TD Cowen increased their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. UBS Group upped their target price on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Stephens boosted their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $92.00.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction that occurred 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 transaction, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s 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 in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate 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.