Catalyst Financial Partners LLC Sells 2,285 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Catalyst Financial Partners LLC decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 26.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,217 shares of the information technology services provider’s stock after selling 2,285 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Fidelity National Information Services were worth $373,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Fidelity National Information Services by 51.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,010,816 shares of the information technology services provider’s stock worth $166,408,000 after acquiring an additional 1,016,719 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $1,244,000. Korea Investment CORP increased its stake in shares of Fidelity National Information Services by 5.5% in the 3rd quarter. Korea Investment CORP now owns 215,121 shares of the information technology services provider’s stock valued at $11,890,000 after purchasing an additional 11,181 shares during the last quarter. Sapient Capital LLC acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth $1,076,000. Finally, Alpha Cubed Investments LLC boosted its stake in Fidelity National Information Services by 48.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 160,439 shares of the information technology services provider’s stock valued at $9,638,000 after buying an additional 52,223 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Down 0.3 %

FIS stock traded down $0.26 during midday trading on Wednesday, hitting $74.05. The stock had a trading volume of 5,420,379 shares, compared to its average volume of 4,481,281. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average price of $70.79 and a two-hundred day moving average price of $62.91. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $75.71. The firm has a market cap of $41.58 billion, a P/E ratio of -6.59, a price-to-earnings-growth ratio of 0.88 and a beta of 0.98.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the company earned $1.29 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 4.71 earnings per share for the current fiscal year.

Fidelity National Information Services declared that its Board of Directors has authorized a stock repurchase plan on Monday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the information technology services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.36 per share. The ex-dividend date is Monday, June 10th. This represents a $1.44 annualized dividend and a yield of 1.94%. Fidelity National Information Services’s payout ratio is -12.81%.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 775 shares of the company’s stock in a transaction on Monday, April 15th. The shares were purchased at an average price of $72.37 per share, with a total value of $56,086.75. Following the transaction, the director now directly owns 9,052 shares in the company, valued at $655,093.24. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FIS has been the subject of a number of research reports. TD Cowen increased their target price on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday. BNP Paribas downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price objective for the company. in a research note on Thursday, April 11th. TheStreet raised shares of Fidelity National Information Services from a “d” rating to a “c” rating in a research note on Monday, February 26th. Evercore ISI upped their price target on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the stock an “in-line” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods raised their price objective on Fidelity National Information Services from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and an average price target of $76.79.

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.