Inspire Trust Co. N.A. Has $5.34 Million Stake in Fidelity National Information Services, Inc. $FIS

Inspire Trust Co. N.A. grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 47.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,000 shares of the information technology services provider’s stock after purchasing an additional 26,000 shares during the period. Inspire Trust Co. N.A.’s holdings in Fidelity National Information Services were worth $5,341,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ grew its position in Fidelity National Information Services by 5.3% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 170,577 shares of the information technology services provider’s stock worth $11,248,000 after buying an additional 8,598 shares in the last quarter. Advyzon Investment Management LLC bought a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at $207,000. Raiffeisen Bank International AG acquired a new stake in shares of Fidelity National Information Services during the 3rd quarter worth $29,000. Compass Wealth Management LLC increased its position in shares of Fidelity National Information Services by 0.4% in the third quarter. Compass Wealth Management LLC now owns 78,342 shares of the information technology services provider’s stock worth $5,166,000 after purchasing an additional 326 shares during the period. Finally, Wealth Alliance LLC raised its stake in Fidelity National Information Services by 4.1% in the third quarter. Wealth Alliance LLC now owns 10,259 shares of the information technology services provider’s stock valued at $677,000 after purchasing an additional 404 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FIS has been the topic of a number of analyst reports. BNP Paribas Exane reduced their price objective on shares of Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 20th. Cantor Fitzgerald assumed coverage on shares of Fidelity National Information Services in a report on Tuesday, January 27th. They set an “overweight” rating and a $72.00 price target for the company. Stephens reduced their price target on shares of Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, January 16th. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada reduced their target price on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Hold” and a consensus target price of $77.94.

Fidelity National Information Services Trading Up 0.3%

Shares of Fidelity National Information Services stock opened at $49.14 on Friday. The firm’s 50 day moving average is $59.80 and its 200 day moving average is $64.39. The firm has a market capitalization of $25.44 billion, a PE ratio of 181.98, a price-to-earnings-growth ratio of 0.73 and a beta of 0.90. Fidelity National Information Services, Inc. has a 1 year low of $46.16 and a 1 year high of $82.74. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, March 10th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s dividend payout ratio is currently 592.59%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 941 shares of Fidelity National Information Services stock in a transaction that occurred on Thursday, January 15th. The shares were acquired at an average price of $64.11 per share, for a total transaction of $60,327.51. Following the transaction, the director directly owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. The trade was a 6.93% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.

About Fidelity National Information Services

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.