Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 26.9% in the fourth quarter, according to the company in its most recent filing with the SEC. 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.

Several other large investors have also added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in shares of Fidelity National Information Services during the third quarter worth about $25,000. Baystate Wealth Management LLC boosted its holdings in shares of Fidelity National Information Services by 332.1% in the 3rd quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 372 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter worth $29,000. BKM Wealth Management LLC purchased a new position in shares of Fidelity National Information Services during the fourth quarter worth $35,000. Finally, Criterion Capital Advisors LLC acquired a new position in Fidelity National Information Services during the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Truist Financial lifted their price objective on Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th. Royal Bank of Canada boosted their price target on Fidelity National Information Services from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday. Mizuho raised their price objective on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Evercore ISI boosted their target price on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the company an “in-line” rating in a research note on Tuesday. Finally, The Goldman Sachs Group assumed coverage on shares of Fidelity National Information Services in a research report on Thursday, February 29th. They set a “buy” rating and a $84.00 price target on the stock. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $76.79.

Fidelity National Information Services Price Performance

FIS stock traded down $0.26 during midday trading on Wednesday, reaching $74.05. The stock had a trading volume of 5,420,379 shares, compared to its average volume of 4,481,281. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $75.71. The company has a market cap of $41.58 billion, a price-to-earnings ratio of -6.59, a price-to-earnings-growth ratio of 0.88 and a beta of 0.98. The company’s fifty day simple moving average is $70.79 and its 200 day simple moving average is $62.91. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period in the previous year, the business posted $1.29 earnings per share. Fidelity National Information Services’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, 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 Announces Dividend

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

Fidelity National Information Services announced that its board has authorized a stock repurchase plan on Monday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the information technology services provider to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 775 shares of the company’s stock in a transaction on Monday, April 15th. The stock was bought at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the acquisition, the director now directly owns 9,052 shares in the company, valued at $655,093.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.68% of the stock is currently owned by company 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.