Inspire Trust Co. N.A. Has $5.34 Million Stock Holdings in Fidelity National Information Services, Inc. $FIS

Inspire Trust Co. N.A. boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 47.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,000 shares of the information technology services provider’s stock after acquiring an additional 26,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in Fidelity National Information Services were worth $5,341,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. AGF Management Ltd. bought a new stake in Fidelity National Information Services during the third quarter valued at $3,096,000. Independent Advisor Alliance lifted its stake in shares of Fidelity National Information Services by 177.8% in the 3rd quarter. Independent Advisor Alliance now owns 39,987 shares of the information technology services provider’s stock valued at $2,637,000 after purchasing an additional 25,593 shares during the period. Assetmark Inc. boosted its position in shares of Fidelity National Information Services by 45.1% during the 3rd quarter. Assetmark Inc. now owns 265,518 shares of the information technology services provider’s stock valued at $17,508,000 after purchasing an additional 82,518 shares in the last quarter. LBP AM SA grew its stake in Fidelity National Information Services by 1,777.2% during the third quarter. LBP AM SA now owns 72,984 shares of the information technology services provider’s stock worth $4,813,000 after purchasing an additional 69,096 shares during the period. Finally, Norges Bank bought a new stake in Fidelity National Information Services in the second quarter worth approximately $624,858,000. Institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the topic of a number of research analyst reports. Compass Point cut their price target on Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. BNP Paribas Exane reduced their price target on shares of Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating for the company in a report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $70.00 price objective on shares of Fidelity National Information Services in a report on Thursday, January 15th. UBS Group increased their price objective on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Truist Financial decreased their target price on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $77.94.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 941 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was purchased at an average cost of $64.11 per share, with a total value of $60,327.51. Following the acquisition, the director owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This trade represents a 6.93% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

Fidelity National Information Services Stock Up 0.3%

Fidelity National Information Services stock opened at $49.14 on Friday. Fidelity National Information Services, Inc. has a 1-year low of $46.16 and a 1-year high of $82.74. The firm has a market capitalization of $25.44 billion, a price-to-earnings ratio of 181.98, a price-to-earnings-growth ratio of 0.73 and a beta of 0.90. The firm’s fifty day moving average price is $59.80 and its two-hundred day moving average price is $64.39. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s payout ratio is 592.59%.

Fidelity National Information Services Company Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.