Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,000 shares of the information technology services provider’s stock after purchasing an additional 1,680 shares during the period. Inspire Trust Co. N.A.’s holdings in Fidelity National Information Services were worth $2,827,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $2,593,000. Raymond James Financial Inc. purchased a new stake in Fidelity National Information Services during the fourth quarter valued at about $451,458,000. Princeton Global Asset Management LLC acquired a new stake in Fidelity National Information Services during the fourth quarter worth about $2,313,000. Csenge Advisory Group raised its holdings in shares of Fidelity National Information Services by 44.4% in the 4th quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock worth $1,086,000 after purchasing an additional 4,134 shares during the period. Finally, WealthShield Partners LLC lifted its stake in shares of Fidelity National Information Services by 27.4% in the 4th quarter. WealthShield Partners LLC now owns 27,500 shares of the information technology services provider’s stock valued at $2,221,000 after purchasing an additional 5,913 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 844 shares of the business’s stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the purchase, the director now directly owns 11,942 shares of the company’s stock, valued at $860,301.68. This represents a 7.60% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

FIS stock opened at $79.21 on Thursday. The stock’s 50 day moving average is $75.32 and its two-hundred day moving average is $78.19. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The company has a market capitalization of $41.62 billion, a PE ratio of 30.35, a P/E/G ratio of 1.23 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.33 earnings per share. Analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.02%. Fidelity National Information Services’s payout ratio is 105.96%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Royal Bank of Canada cut their price target on shares of Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Wells Fargo & Company dropped their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Citigroup upgraded shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and lifted their target price for the company from $79.00 to $86.00 in a report on Monday, April 21st. Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Oppenheimer upgraded Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 price target for the company in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.11.

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.