Trust Co. of Vermont Sells 2,297 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Trust Co. of Vermont lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 14.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,092 shares of the information technology services provider’s stock after selling 2,297 shares during the period. Trust Co. of Vermont’s holdings in Fidelity National Information Services were worth $847,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Fidelity National Information Services by 12.7% in the third quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock worth $3,199,306,000 after purchasing an additional 6,503,451 shares during the last quarter. FIL Ltd raised its stake in shares of Fidelity National Information Services by 27.3% in the fourth quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock worth $773,552,000 after purchasing an additional 2,758,049 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Fidelity National Information Services by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,619,320 shares of the information technology services provider’s stock worth $506,753,000 after purchasing an additional 121,154 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Fidelity National Information Services by 6.8% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider’s stock worth $505,956,000 after purchasing an additional 537,180 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Fidelity National Information Services in the fourth quarter worth approximately $478,594,000. Institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FIS. TheStreet raised Fidelity National Information Services from a “d” rating to a “c” rating in a research note on Monday, February 26th. Susquehanna increased their price target on Fidelity National Information Services from $81.00 to $86.00 and gave the company a “positive” rating in a research report on Wednesday, May 8th. Bank of America increased their price target on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. BNP Paribas downgraded Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price target for the company. in a research report on Thursday, April 11th. Finally, Barclays increased their price target on Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average price target of $79.32.

Fidelity National Information Services Stock Down 1.5 %

NYSE:FIS traded down $1.15 during trading hours on Monday, hitting $75.42. 253,102 shares of the company’s stock traded hands, compared to its average volume of 4,352,890. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $78.73. The business’s fifty day simple moving average is $73.96 and its two-hundred day simple moving average is $67.63. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.14. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $1.29 earnings per share. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 4.96 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.91%. The ex-dividend date is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio is -14.08%.

Fidelity National Information Services declared that its board has approved a stock buyback program on Monday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 775 shares of the stock in a transaction on Monday, April 15th. The shares were acquired at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the transaction, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.20% of the stock is owned by corporate insiders.

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.