Wilmington Savings Fund Society FSB Makes New $976,000 Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Wilmington Savings Fund Society FSB purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,649 shares of the information technology services provider's stock, valued at approximately $976,000.

Other large investors have also made changes to their positions in the company. CENTRAL TRUST Co grew its position in shares of Fidelity National Information Services by 757.9% in the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider's stock valued at $991,000 after purchasing an additional 10,452 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Fidelity National Information Services by 51.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider's stock worth $6,344,000 after acquiring an additional 25,701 shares during the period. GSA Capital Partners LLP purchased a new position in Fidelity National Information Services in the third quarter worth approximately $590,000. Chase Investment Counsel Corp grew its position in Fidelity National Information Services by 52.8% in the third quarter. Chase Investment Counsel Corp now owns 65,790 shares of the information technology services provider's stock worth $5,509,000 after acquiring an additional 22,742 shares during the period. Finally, Kintegral Advisory LLC purchased a new position in Fidelity National Information Services in the second quarter worth approximately $1,928,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FIS. Jefferies Financial Group increased their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. BNP Paribas lowered Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a research report on Wednesday, November 20th. Barclays raised their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. raised their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $91.50.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded down $0.81 on Friday, hitting $84.10. The stock had a trading volume of 2,331,107 shares, compared to its average volume of 3,735,632. Fidelity National Information Services, Inc. has a 52-week low of $58.24 and a 52-week 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. The stock has a market cap of $45.28 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 0.72 and a beta of 1.03. The company's 50 day moving average price is $87.29 and its 200 day moving average price is $81.54.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the business earned $0.94 EPS. The business's quarterly revenue was up 3.1% on a year-over-year basis. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 57.37%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the business'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 transaction of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey A. Goldstein bought 626 shares of the company's stock in a transaction on Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the transaction, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This trade represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by insiders.

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.