Trust Co. of Vermont Raises Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Trust Co. of Vermont raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,354 shares of the information technology services provider’s stock after purchasing an additional 232 shares during the quarter. Trust Co. of Vermont’s holdings in Fidelity National Information Services were worth $836,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its position in Fidelity National Information Services by 94.7% during the second quarter. American Century Companies Inc. now owns 77,010 shares of the information technology services provider’s stock valued at $5,803,000 after acquiring an additional 37,459 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Fidelity National Information Services by 4.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 35,390 shares of the information technology services provider’s stock valued at $2,675,000 after purchasing an additional 1,506 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Fidelity National Information Services by 9.7% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,559 shares of the information technology services provider’s stock valued at $720,000 after purchasing an additional 846 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Fidelity National Information Services by 10.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 33,089 shares of the information technology services provider’s stock worth $2,490,000 after buying an additional 3,150 shares in the last quarter. Finally, Brighton Jones LLC acquired a new stake in Fidelity National Information Services during the second quarter valued at $211,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $78.70 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $83.12 and a 200 day moving average price of $82.25. Fidelity National Information Services, Inc. has a 12-month low of $58.24 and a 12-month high of $91.98. The stock has a market cap of $42.37 billion, a P/E ratio of 31.35, a PEG ratio of 0.59 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly 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. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the firm earned $0.94 EPS. The business’s revenue was up 3.1% compared to the same quarter last year. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were issued a dividend of $0.36 per share. 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 presently 57.37%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FIS. Susquehanna upped their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research report on Tuesday, November 5th. TD Cowen increased their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $115.00 to $101.00 in a research report on Monday, January 6th. UBS Group increased their target price on Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Oppenheimer began coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Insider Buying and Selling

In other news, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey A. Goldstein bought 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.

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.