New Covenant Trust Company N.A. Invests $64,000 in Fidelity National Information Services, Inc. (NYSE:FIS)

New Covenant Trust Company N.A. acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 868 shares of the information technology services provider’s stock, valued at approximately $64,000.

A number of other institutional investors have also modified their holdings of the business. Western Standard LLC boosted its holdings in shares of Fidelity National Information Services by 43.6% during the first quarter. Western Standard LLC now owns 71,784 shares of the information technology services provider’s stock valued at $5,325,000 after acquiring an additional 21,784 shares during the period. Jaffetilchin Investment Partners LLC increased its stake in shares of Fidelity National Information Services by 268.7% in the first quarter. Jaffetilchin Investment Partners LLC now owns 13,104 shares of the information technology services provider’s stock valued at $972,000 after purchasing an additional 9,550 shares during the period. Comerica Bank boosted its position in shares of Fidelity National Information Services by 11.8% during the first quarter. Comerica Bank now owns 122,532 shares of the information technology services provider’s stock worth $9,089,000 after buying an additional 12,969 shares during the period. California State Teachers Retirement System grew its holdings in Fidelity National Information Services by 0.8% in the 1st quarter. California State Teachers Retirement System now owns 951,947 shares of the information technology services provider’s stock worth $70,615,000 after buying an additional 7,229 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in Fidelity National Information Services by 28.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 8,955 shares of the information technology services provider’s stock valued at $664,000 after acquiring an additional 2,007 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Down 2.3 %

FIS stock traded down $1.74 during trading hours on Thursday, hitting $75.09. The company’s stock had a trading volume of 2,130,953 shares, compared to its average volume of 4,134,299. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $78.73. The stock has a 50 day moving average price of $75.84 and a two-hundred day moving average price of $71.17. The company has a market capitalization of $41.77 billion, a PE ratio of -7.34, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.14. The company had revenue of $2.47 billion for 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 business’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $1.29 earnings per share. On average, equities research analysts expect that Fidelity National Information Services, Inc. will post 4.94 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.92%. Fidelity National Information Services’s payout ratio is presently -14.08%.

Analyst Ratings Changes

Several equities analysts have commented on FIS shares. Wedbush reissued an “outperform” rating and set a $75.00 target price on shares of Fidelity National Information Services in a research note on Wednesday, May 8th. Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective for the company. in a report on Monday, July 22nd. TD Cowen raised their price objective on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. Barclays raised their target price on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. Finally, Keefe, Bruyette & Woods upped their price target on Fidelity National Information Services from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $79.42.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the purchase, the director now directly owns 9,771 shares in the company, valued at $750,510.51. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

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.