Court Place Advisors LLC Sells 3,117 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Court Place Advisors LLC lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 30.3% during the 4th quarter, Holdings Channel reports. The firm owned 7,156 shares of the information technology services provider’s stock after selling 3,117 shares during the quarter. Court Place Advisors LLC’s holdings in Fidelity National Information Services were worth $430,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FIS. Moneta Group Investment Advisors LLC bought a new position in Fidelity National Information Services in the fourth quarter worth approximately $449,526,000. Vanguard Group Inc. lifted its holdings in Fidelity National Information Services by 12.7% during the third quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock worth $3,199,306,000 after buying an additional 6,503,451 shares during the period. Norges Bank purchased a new stake in Fidelity National Information Services during the fourth quarter worth $390,114,000. JANA Partners Management LP purchased a new stake in Fidelity National Information Services during the third quarter worth $206,507,000. Finally, Lazard Asset Management LLC lifted its holdings in Fidelity National Information Services by 660.0% during the third quarter. Lazard Asset Management LLC now owns 3,328,124 shares of the information technology services provider’s stock worth $183,944,000 after buying an additional 2,890,185 shares during the period. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

FIS stock traded down $0.35 during midday trading on Wednesday, reaching $70.35. The stock had a trading volume of 2,950,291 shares, compared to its average volume of 4,455,340. The stock has a market cap of $40.55 billion, a PE ratio of -6.29, a P/E/G ratio of 0.89 and a beta of 0.97. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a fifty day simple moving average of $68.70 and a two-hundred day simple moving average of $61.05. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $74.75.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.52 billion. Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. Fidelity National Information Services’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.71 earnings per share. As a group, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 4.66 EPS for the current year.

Fidelity National Information Services declared that its board has authorized a share buyback program on Monday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Fidelity National Information Services Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.05%. The ex-dividend date was Thursday, March 7th. Fidelity National Information Services’s payout ratio is -12.81%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. BNP Paribas lowered Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 target price for the company. in a report on Thursday, April 11th. JPMorgan Chase & Co. upped their target price on Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Robert W. Baird lowered Fidelity National Information Services from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $76.00 to $78.00 in a report on Wednesday, March 13th. Bank of America increased their price objective on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Mizuho increased their price objective on Fidelity National Information Services from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.59.

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.