Whittier Trust Co. holds a $284,000 position in Fidelity National Information Services, Inc. (NYSE:FIS)


Whittier Trust Co. cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) by 24.9% in Q1, according to the company in its latest SEC filing. The fund held 2,831 shares of the IT services provider after selling 939 shares during the quarter. Whittier Trust Co.’s holdings in Fidelity National Information Services were worth $284,000 at the end of the last reporting period.

Several other institutional investors and hedge funds have also recently increased or reduced their stakes in the stock. Great Lakes Advisors LLC increased its stake in Fidelity National Information Services by 4.2% in the fourth quarter. Great Lakes Advisors LLC now owns 2,184 shares of the information technology service provider worth $238,000 after buying 88 additional shares in the last quarter. Annex Advisory Services LLC increased its stake in Fidelity National Information Services by 0.7% in the fourth quarter. Annex Advisory Services LLC now owns 13,110 shares of the information technology service provider worth $1,431,000 after buying 90 additional shares in the last quarter. Carolinas Wealth Consulting LLC increased its holdings in Fidelity National Information Services by 15.5% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 758 shares of the information technology service provider worth $83,000 after buying 102 additional shares in the last quarter. West Family Investments Inc. increased its holdings of Fidelity National Information Services stock by 0.6% in the fourth quarter. West Family Investments Inc. now owns 16,342 shares of the information technology service provider worth $1,784,000 after buying 105 additional shares in the last quarter. Finally, Shaker Investments LLC OH increased its equity stake in Fidelity National Information Services by 1.0% during the first quarter. Shaker Investments LLC OH now owns 11,726 shares of the information technology service provider worth $1,178,000 after buying 116 additional shares in the last quarter. 89.51% of the shares are currently held by institutional investors and hedge funds.

A Wall Street analyst gives his opinion

A number of brokerages have recently commented on FIS. KeyCorp cut its price target on Fidelity National Information Services from $150.00 to $135.00 and set an “overweight” rating for the company in a Monday, March 28 report. Goldman Sachs Group kicked off coverage of Fidelity’s national news services in a Tuesday, May 17 research note. They issued a “buy” rating and a target price of $128.00 for the company. Wells Fargo & Company downgraded Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and reduced its target price for the company from $132.00 to $101.00 in a Thursday research note July 14th. Morgan Stanley cut its target price on Fidelity National Information Services from $102.00 to $100.00 and set an “equal weight” rating for the company in a Thursday, June 30 research note. Finally, Deutsche Bank Aktiengesellschaft cut its price target on Fidelity National Information Services from $155.00 to $116.00 in a Wednesday, April 20 research note. Five analysts gave the stock a hold rating, nineteen gave the stock a buy rating and one gave the stock a strong buy rating. According to MarketBeat, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average price target of $130.85.

Fidelity’s national news services up 0.1%

NYSE:FIS opened at $99.02 on Friday. Fidelity National Information Services, Inc. has a 1-year minimum of $85.00 and a 1-year maximum of $152.20. The company’s 50-day moving average price is $97.40 and its two-hundred-day moving average price is $101.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt ratio of 0.30. The company has a market capitalization of $60.20 billion, a price/earnings ratio of 66.91, a PEG ratio of 0.98 and a beta of 0.73.

Fidelity National Information Services (NYSE:FIS – Get Rating) last released its results on Tuesday, May 3. The information technology service provider reported earnings per share of $1.47 for the quarter, beating the consensus estimate of $1.46 by $0.01. The company posted revenue of $3.49 billion for the quarter, versus analyst estimates of $3.44 billion. Fidelity National Information Services achieved a return on equity of 8.76% and a net margin of 6.43%. The company’s quarterly revenue increased 8.3% year over year. In the same quarter a year earlier, the company posted earnings per share of $1.30. On average, stock analysts expect Fidelity National Information Services, Inc. to post earnings per share of 7.28 for the current year.

Fidelity National Information Services announces dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30. Shareholders of record on Friday, September 16 will receive a dividend of $0.47 per share. This represents a dividend of $1.88 on an annualized basis and a dividend yield of 1.90%. Fidelity National Information Services’ dividend payout ratio is currently 127.03%.

About Fidelity National Information Services

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Fidelity National Information Services, Inc. provides technology solutions to merchants, banks and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions and Capital Market Solutions segments. The Merchant Solutions segment offers business acquisition, software-driven small and medium business acquisition and global e-commerce solutions.

Further reading

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Institutional ownership by quarter for Fidelity National Information Services (NYSE:FIS)



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