Pennsylvania Trust Co bought a new stake in Fidelity National Information Servcs Inc (NYSE:FIS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 26,630 shares of the information technology services provider’s stock, valued at approximately $2,904,000.

Several other institutional investors have also made changes to their positions in the company. Legacy Capital Partners Inc. increased its stake in Fidelity National Information Servcs by 13.1% in the 2nd quarter. Legacy Capital Partners Inc. now owns 4,061 shares of the information technology services provider’s stock valued at $431,000 after buying an additional 470 shares during the period. Eagle Asset Management Inc. increased its stake in Fidelity National Information Servcs by 13.2% in the 2nd quarter. Eagle Asset Management Inc. now owns 4,140 shares of the information technology services provider’s stock valued at $438,000 after buying an additional 482 shares during the period. State Treasurer State of Michigan increased its stake in Fidelity National Information Servcs by 0.4% in the 2nd quarter. State Treasurer State of Michigan now owns 112,606 shares of the information technology services provider’s stock valued at $11,940,000 after buying an additional 500 shares during the period. Manchester Capital Management LLC increased its stake in Fidelity National Information Servcs by 24.7% in the 2nd quarter. Manchester Capital Management LLC now owns 2,523 shares of the information technology services provider’s stock valued at $268,000 after buying an additional 500 shares during the period. Finally, First Citizens Bank & Trust Co. increased its stake in Fidelity National Information Servcs by 2.3% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 22,137 shares of the information technology services provider’s stock valued at $2,347,000 after buying an additional 502 shares during the period. 88.04% of the stock is currently owned by institutional investors and hedge funds.

FIS has been the topic of several recent research reports. Cantor Fitzgerald boosted their price objective on shares of Fidelity National Information Servcs to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, August 1st. SunTrust Banks boosted their price objective on shares of Fidelity National Information Servcs to $125.00 and gave the company a “buy” rating in a research note on Monday, September 24th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research note on Friday, August 3rd. Wood & Company boosted their price objective on shares of Fidelity National Information Servcs to $117.00 and gave the company a “hold” rating in a research note on Thursday, September 27th. They noted that the move was a valuation call. Finally, ValuEngine cut shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Fidelity National Information Servcs presently has a consensus rating of “Buy” and a consensus price target of $115.54.

In other Fidelity National Information Servcs news, Director David K. Hunt sold 17,922 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $106.38, for a total transaction of $1,906,542.36. Following the sale, the director now directly owns 24,989 shares in the company, valued at approximately $2,658,329.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lenore D. Williams sold 4,285 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $106.00, for a total transaction of $454,210.00. Following the sale, the executive vice president now owns 4,999 shares in the company, valued at $529,894. The disclosure for this sale can be found here. Insiders have sold a total of 46,129 shares of company stock worth $4,967,533 over the last 90 days. Insiders own 2.08% of the company’s stock.

Shares of NYSE FIS opened at $102.83 on Thursday. The firm has a market cap of $35.86 billion, a price-to-earnings ratio of 23.26, a P/E/G ratio of 1.74 and a beta of 0.93. Fidelity National Information Servcs Inc has a one year low of $89.31 and a one year high of $110.83. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.38 and a current ratio of 1.38.

Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, July 31st. The information technology services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.21 by $0.02. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.12 billion. Fidelity National Information Servcs had a net margin of 16.59% and a return on equity of 15.42%. The business’s revenue was down 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 EPS. Analysts forecast that Fidelity National Information Servcs Inc will post 5.23 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.24%. Fidelity National Information Servcs’s payout ratio is currently 28.96%.

Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

Featured Article: Marijuana Stocks Future Looks Bright

Institutional Ownership by Quarter for Fidelity National Information Servcs (NYSE:FIS)

Receive News & Ratings for Fidelity National Information Servcs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Servcs and related companies with MarketBeat.com's FREE daily email newsletter.