Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 85.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,400 shares of the information technology services provider's stock after selling 20,300 shares during the period. Catalyst Funds Management Pty Ltd's holdings in Fidelity National Information Services were worth $275,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIS. Apollon Wealth Management LLC boosted its stake in Fidelity National Information Services by 14.9% in the third quarter. Apollon Wealth Management LLC now owns 5,832 shares of the information technology services provider's stock valued at $488,000 after acquiring an additional 758 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Fidelity National Information Services during the third quarter worth about $590,000. Aptus Capital Advisors LLC raised its holdings in Fidelity National Information Services by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider's stock worth $308,000 after purchasing an additional 137 shares in the last quarter. Victory Capital Management Inc. increased its stake in Fidelity National Information Services by 6.2% in the 3rd quarter. Victory Capital Management Inc. now owns 203,701 shares of the information technology services provider's stock valued at $17,060,000 after purchasing an additional 11,933 shares in the last quarter. Finally, Huntington National Bank raised its holdings in Fidelity National Information Services by 8.4% during the third quarter. Huntington National Bank now owns 3,059 shares of the information technology services provider's stock worth $256,000 after purchasing an additional 236 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

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Fidelity National Information Services Stock Up 0.2 %

Fidelity National Information Services stock traded up $0.12 during trading on Thursday, reaching $74.45. 3,422,422 shares of the company's stock were exchanged, compared to its average volume of 3,378,337. The company's 50-day moving average is $74.93 and its two-hundred day moving average is $81.52. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The firm has a market cap of $39.44 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 1.23 and a beta of 1.11.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the business posted $0.94 earnings per share. On average, analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.40 dividend. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio is presently 61.30%.

Wall Street Analysts Forecast Growth

FIS has been the subject of several research reports. BNP Paribas cut Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a report on Wednesday, November 20th. Raymond James downgraded Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Compass Point dropped their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company reduced their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a report 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $88.65.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

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.