Catalyst Capital Advisors LLC Sells 335 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Catalyst Capital Advisors LLC reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,776 shares of the information technology services provider’s stock after selling 335 shares during the period. Catalyst Capital Advisors LLC’s holdings in Fidelity National Information Services were worth $790,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Larson Financial Group LLC lifted its stake in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 159 shares in the last quarter. Kennebec Savings Bank bought a new position in Fidelity National Information Services during the 3rd quarter valued at $28,000. R Squared Ltd bought a new position in Fidelity National Information Services during the 4th quarter valued at $30,000. Concord Wealth Partners lifted its stake in Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after acquiring an additional 146 shares in the last quarter. Finally, Morse Asset Management Inc bought a new position in Fidelity National Information Services during the 3rd quarter valued at $37,000. 96.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FIS has been the topic of several recent analyst reports. Royal Bank of Canada dropped their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Compass Point lowered their target price on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Mizuho lifted their target price on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Robert W. Baird lifted their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $87.95.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Stock Down 2.4 %

FIS stock opened at $68.84 on Tuesday. Fidelity National Information Services, Inc. has a twelve month low of $62.17 and a twelve month high of $91.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $37.06 billion, a PE ratio of 27.43, a PEG ratio of 0.63 and a beta of 1.04. The stock has a 50-day simple moving average of $80.20 and a two-hundred day simple moving average of $82.82.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same quarter last year, the business earned $0.94 earnings per share. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.32%. Fidelity National Information Services’s payout ratio is presently 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.