Summit Trail Advisors LLC Buys 630 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Summit Trail Advisors LLC increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 14.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,114 shares of the information technology services provider’s stock after acquiring an additional 630 shares during the quarter. Summit Trail Advisors LLC’s holdings in Fidelity National Information Services were worth $428,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Westfield Capital Management Co. LP grew its holdings in Fidelity National Information Services by 1.7% during the third quarter. Westfield Capital Management Co. LP now owns 71,404 shares of the information technology services provider’s stock worth $5,980,000 after buying an additional 1,227 shares in the last quarter. Larson Financial Group LLC boosted its position in Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 159 shares during the last quarter. Swedbank AB boosted its position in Fidelity National Information Services by 1.3% in the third quarter. Swedbank AB now owns 360,769 shares of the information technology services provider’s stock worth $30,214,000 after purchasing an additional 4,642 shares during the last quarter. Pitcairn Co. boosted its position in Fidelity National Information Services by 87.3% in the third quarter. Pitcairn Co. now owns 25,505 shares of the information technology services provider’s stock worth $2,136,000 after purchasing an additional 11,889 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in Fidelity National Information Services by 117.1% in the third quarter. Cerity Partners LLC now owns 47,964 shares of the information technology services provider’s stock worth $4,017,000 after purchasing an additional 25,870 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $84.91 on Wednesday. The stock’s 50-day simple moving average is $86.95 and its 200 day simple moving average is $80.84. The stock has a market capitalization of $45.71 billion, a price-to-earnings ratio of 33.83, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. Fidelity National Information Services, Inc. has a 52-week low of $55.24 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.94 EPS. Research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.70%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Bank of America boosted their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Robert W. Baird boosted their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective 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. Susquehanna upped their price target on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group upped their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

Insiders Place Their Bets

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 6.41 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.

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.