Glenmede Trust Co. NA Has $27.39 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Glenmede Trust Co. NA lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 38.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 327,079 shares of the information technology services provider’s stock after buying an additional 91,332 shares during the quarter. Glenmede Trust Co. NA owned about 0.06% of Fidelity National Information Services worth $27,393,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIS. Dimensional Fund Advisors LP increased its position in Fidelity National Information Services by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider’s stock worth $395,729,000 after buying an additional 249,678 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Fidelity National Information Services by 1.6% in the second quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider’s stock valued at $372,135,000 after purchasing an additional 75,429 shares during the last quarter. Boston Partners raised its position in shares of Fidelity National Information Services by 642.7% in the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock valued at $331,047,000 after purchasing an additional 3,868,683 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Fidelity National Information Services by 13.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock worth $371,343,000 after buying an additional 538,514 shares during the period. Finally, Raymond James & Associates grew its stake in Fidelity National Information Services by 449.8% in the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock valued at $343,693,000 after buying an additional 3,357,329 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several research firms have recently commented on FIS. Bank of America upped their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Mizuho boosted their target price on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. UBS Group boosted their price objective on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. TD Cowen boosted their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. raised their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.50.

Fidelity National Information Services Price Performance

Shares of FIS opened at $85.55 on Thursday. The business has a 50-day moving average of $86.97 and a 200-day moving average of $80.87. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $46.06 billion, a price-to-earnings ratio of 34.08, a price-to-earnings-growth ratio of 0.71 and a beta of 1.06. Fidelity National Information Services, Inc. has a 1 year low of $55.98 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 EPS. As a group, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.68%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

About Fidelity National Information Services

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.