Catalyst Funds Management Pty Ltd Cuts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Catalyst Funds Management Pty Ltd lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 85.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. State Street Corp raised its stake in shares of Fidelity National Information Services by 0.9% in the 3rd quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock valued at $2,070,491,000 after acquiring an additional 211,787 shares during the period. Raymond James Financial Inc. purchased a new stake in Fidelity National Information Services during the 4th quarter worth $451,458,000. The Manufacturers Life Insurance Company lifted its holdings in Fidelity National Information Services by 13.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock worth $371,343,000 after buying an additional 538,514 shares in the last quarter. FMR LLC lifted its holdings in Fidelity National Information Services by 6.7% in the 3rd quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider’s stock worth $234,015,000 after buying an additional 174,673 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Fidelity National Information Services by 9.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock worth $117,571,000 after buying an additional 112,842 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on FIS shares. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Stephens cut their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Susquehanna lowered shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their price objective for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Finally, Morgan Stanley dropped their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Hold” and a consensus target price of $88.65.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 701 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $70.92 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The firm has a 50-day simple moving average of $75.28 and a 200 day simple moving average of $81.69. The company has a market cap of $37.57 billion, a PE ratio of 27.17, a P/E/G ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results 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 net margin of 14.54% and a return on equity of 17.30%. During the same period in the previous year, the business posted $0.94 earnings per share. On average, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.26%. Fidelity National Information Services’s dividend payout ratio is 61.30%.

Fidelity National Information Services Company 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.