Central Pacific Bank Trust Division Sells 23,125 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Central Pacific Bank Trust Division reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 52.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,978 shares of the information technology services provider’s stock after selling 23,125 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Fidelity National Information Services were worth $1,694,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. The Manufacturers Life Insurance Company raised its holdings in Fidelity National Information Services by 982.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock valued at $293,560,000 after acquiring an additional 3,535,596 shares in the last quarter. Raymond James & Associates raised its stake in shares of Fidelity National Information Services by 449.8% in the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock valued at $343,693,000 after purchasing an additional 3,357,329 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in Fidelity National Information Services in the second quarter worth $83,562,000. Zurich Insurance Group Ltd FI bought a new stake in Fidelity National Information Services in the 2nd quarter valued at $40,029,000. Finally, Fernbridge Capital Management LP raised its stake in shares of Fidelity National Information Services by 67.2% in the 2nd quarter. Fernbridge Capital Management LP now owns 1,153,134 shares of the information technology services provider’s stock valued at $86,900,000 after buying an additional 463,613 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Fidelity National Information Services Stock Up 0.2 %

NYSE FIS traded up $0.19 during trading hours on Friday, hitting $80.28. 723,964 shares of the company traded hands, compared to its average volume of 1,181,983. The stock has a market capitalization of $43.22 billion, a price-to-earnings ratio of 31.98, a P/E/G ratio of 0.72 and a beta of 1.04. Fidelity National Information Services, Inc. has a twelve month low of $58.24 and a twelve month high of $91.98. The business’s 50-day moving average is $85.34 and its 200-day moving average is $82.01. 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 (NYSE:FIS) last posted 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. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the firm earned $0.94 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.36 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.79%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Wall Street Analyst Weigh In

FIS has been the topic of a number of analyst reports. Morgan Stanley upped their target price on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Compass Point began coverage on Fidelity National Information Services in a research report on Wednesday, November 20th. They set a “buy” rating and a $126.00 target price for the company. TD Cowen increased their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Bank of America raised their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Finally, BNP Paribas cut Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.75.

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.