Catalyst Financial Partners LLC Sells 243 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Catalyst Financial Partners LLC trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 5,186 shares of the information technology services provider’s stock after selling 243 shares during the period. Catalyst Financial Partners LLC’s holdings in Fidelity National Information Services were worth $391,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in FIS. Rise Advisors LLC acquired a new stake in Fidelity National Information Services during the first quarter valued at approximately $29,000. Family Firm Inc. acquired a new stake in Fidelity National Information Services in the 2nd quarter valued at $35,000. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services in the fourth quarter valued at $29,000. Palisade Asset Management LLC acquired a new position in Fidelity National Information Services during the first quarter worth $37,000. Finally, Delta Asset Management LLC TN lifted its holdings in shares of Fidelity National Information Services by 600.0% during the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 450 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FIS shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Evercore ISI lifted 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, May 7th. JPMorgan Chase & Co. increased their price target on Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Finally, Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price for the company. in a research note on Monday, July 22nd. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average target price of $80.65.

Fidelity National Information Services Stock Up 1.0 %

Shares of FIS traded up $0.80 on Monday, hitting $80.07. The company’s stock had a trading volume of 1,135,973 shares, compared to its average volume of 4,018,329. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $44.54 billion, a price-to-earnings ratio of -7.87, a P/E/G ratio of 0.77 and a beta of 1.06. The firm’s fifty day moving average price is $76.20 and its 200-day moving average price is $73.08. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $81.00.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the previous year, the firm posted $1.55 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that Fidelity National Information Services, Inc. will post 4.94 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 719 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was bought at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the acquisition, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

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.