FineMark National Bank & Trust Has $203,000 Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

FineMark National Bank & Trust lowered its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 5.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,519 shares of the information technology services provider’s stock after selling 150 shares during the quarter. FineMark National Bank & Trust’s holdings in Fidelity National Information Services were worth $203,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in FIS. Larson Financial Group LLC increased its position in Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares during the period. R Squared Ltd acquired a new stake in Fidelity National Information Services in the 4th quarter worth $30,000. Groupama Asset Managment increased its holdings in shares of Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 319 shares during the period. Morse Asset Management Inc acquired a new position in shares of Fidelity National Information Services during the third quarter valued at about $37,000. Finally, OFI Invest Asset Management bought a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $40,000. 96.23% of the stock is owned by institutional investors.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

FIS has been the subject of several recent research reports. Barclays cut their price target on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company reduced their target price on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Royal Bank of Canada lowered their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Finally, Compass Point lowered their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $88.65.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $74.54 on Thursday. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The stock has a market capitalization of $39.48 billion, a PE ratio of 28.56, a PEG ratio of 1.23 and a beta of 1.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s fifty day moving average is $74.51 and its 200-day moving average is $81.23.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period in the previous year, the firm posted $0.94 earnings per share. Equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.40 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.15%. Fidelity National Information Services’s dividend payout ratio is currently 61.30%.

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.