Legacy Private Trust Co. Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Legacy Private Trust Co. acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,595 shares of the information technology services provider’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Fidelity National Information Services by 19.1% during the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock worth $5,093,093,000 after buying an additional 11,023,109 shares during the last quarter. FIL Ltd raised its position in 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 valued at $773,552,000 after purchasing an additional 2,758,049 shares during the period. Dimensional Fund Advisors LP raised its position in Fidelity National Information Services by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider’s stock valued at $395,729,000 after purchasing an additional 249,678 shares during the period. Legal & General Group Plc raised its position in Fidelity National Information Services by 1.6% in the second quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider’s stock valued at $372,135,000 after purchasing an additional 75,429 shares during the period. Finally, Boston Partners raised its position in Fidelity National Information Services by 642.7% in the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock valued at $331,047,000 after purchasing an additional 3,868,683 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FIS shares. Oppenheimer started coverage on Fidelity National Information Services in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. TD Cowen lifted their target price on Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Morgan Stanley downgraded Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective on the stock. in a report on Monday, July 22nd. Susquehanna boosted their price objective on Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. Finally, Bank of America boosted their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.25.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $85.91 on Wednesday. The stock’s 50-day moving average is $80.94 and its two-hundred day moving average is $76.66. The company has a market cap of $47.79 billion, a price-to-earnings ratio of -8.40, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $86.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.13. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 EPS. Analysts forecast that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.68%. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 719 shares of the stock in a transaction dated Monday, July 15th. The stock was acquired at an average cost of $76.81 per share, with a total value of $55,226.39. Following the transaction, the director now owns 9,771 shares in the company, valued at $750,510.51. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.