Equitable Trust Co. Has $16.72 Million Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Equitable Trust Co. lowered its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 7.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 199,582 shares of the information technology services provider's stock after selling 16,181 shares during the period. Fidelity National Information Services accounts for approximately 1.1% of Equitable Trust Co.'s holdings, making the stock its 23rd largest position. Equitable Trust Co.'s holdings in Fidelity National Information Services were worth $16,715,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cadence Bank boosted its holdings in shares of Fidelity National Information Services by 1.9% during the first quarter. Cadence Bank now owns 7,145 shares of the information technology services provider's stock worth $530,000 after acquiring an additional 132 shares during the period. Graypoint LLC boosted its holdings in shares of Fidelity National Information Services by 4.6% during the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider's stock worth $253,000 after acquiring an additional 132 shares during the period. Atomi Financial Group Inc. boosted its holdings in shares of Fidelity National Information Services by 3.4% during the third quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider's stock worth $349,000 after acquiring an additional 135 shares during the period. Concord Wealth Partners boosted its holdings in shares of Fidelity National Information Services by 50.2% during the third 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 during the period. Finally, SageView Advisory Group LLC boosted its holdings in shares of Fidelity National Information Services by 1.3% during the first quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider's stock worth $853,000 after acquiring an additional 148 shares during the period. Institutional investors own 96.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FIS. Mizuho boosted their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an "outperform" rating in a report on Tuesday. TD Cowen boosted their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a research note on Tuesday. Robert W. Baird boosted their price target on Fidelity National Information Services from $92.00 to $94.00 and gave the company a "neutral" rating in a research note on Tuesday. Oppenheimer started coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a "market perform" rating for the company. Finally, Susquehanna boosted their price target on Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of "Moderate Buy" and an average target price of $89.68.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the acquisition, the director now owns 10,397 shares of the company's stock, valued at approximately $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Price Performance

FIS traded up $1.39 during trading on Friday, hitting $88.07. 3,113,264 shares of the stock traded hands, compared to its average volume of 3,249,951. Fidelity National Information Services, Inc. has a twelve month low of $51.57 and a twelve month high of $91.98. The company has a market cap of $47.41 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 0.73 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.35. The business has a 50 day moving average price of $86.07 and a 200 day moving average price of $79.39.

Fidelity National Information Services (NYSE:FIS - Get Free Report) 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 the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.94 earnings per share. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.21 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 Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.64%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 57.37%.

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.