Grove Bank & Trust Grows Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Grove Bank & Trust lifted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 341.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 516 shares of the information technology services provider’s stock after purchasing an additional 399 shares during the period. Grove Bank & Trust’s holdings in Fidelity National Information Services were worth $42,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Aaron Wealth Advisors LLC boosted its holdings in Fidelity National Information Services by 23.4% in the fourth quarter. Aaron Wealth Advisors LLC now owns 3,291 shares of the information technology services provider’s stock valued at $266,000 after purchasing an additional 625 shares during the period. Bowman & Co S.C. boosted its holdings in Fidelity National Information Services by 16.0% in the fourth quarter. Bowman & Co S.C. now owns 16,356 shares of the information technology services provider’s stock valued at $1,322,000 after purchasing an additional 2,256 shares during the period. HB Wealth Management LLC boosted its holdings in Fidelity National Information Services by 7.4% in the fourth quarter. HB Wealth Management LLC now owns 61,692 shares of the information technology services provider’s stock valued at $4,982,000 after purchasing an additional 4,246 shares during the period. Trust Co. of Vermont boosted its holdings in Fidelity National Information Services by 2.3% in the fourth quarter. Trust Co. of Vermont now owns 10,354 shares of the information technology services provider’s stock valued at $836,000 after purchasing an additional 232 shares during the period. Finally, Sanibel Captiva Trust Company Inc. boosted its holdings in Fidelity National Information Services by 24.3% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 11,410 shares of the information technology services provider’s stock valued at $922,000 after purchasing an additional 2,231 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FIS has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Robert W. Baird lifted their price target on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Compass Point started coverage on Fidelity National Information Services in a report on Wednesday, November 20th. They set a “buy” rating and a $126.00 price target for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $78.70 on Tuesday. The company has a market cap of $42.37 billion, a price-to-earnings ratio of 31.35, a price-to-earnings-growth ratio of 0.59 and a beta of 1.04. The stock has a 50 day simple moving average of $83.12 and a 200-day simple moving average of $82.34. Fidelity National Information Services, Inc. has a 12-month low of $58.24 and a 12-month high of $91.98. 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 (NYSE:FIS) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 EPS. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

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.