Catalyst Financial Partners LLC Has $399,000 Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Catalyst Financial Partners LLC trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,763 shares of the information technology services provider’s stock after selling 423 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Fidelity National Information Services were worth $399,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Direct Indexing L.P. boosted its holdings in shares of Fidelity National Information Services by 1.2% during the third quarter. First Trust Direct Indexing L.P. now owns 15,809 shares of the information technology services provider’s stock worth $1,324,000 after purchasing an additional 195 shares during the period. abrdn plc boosted its holdings in shares of Fidelity National Information Services by 0.9% during the third quarter. abrdn plc now owns 637,947 shares of the information technology services provider’s stock worth $53,256,000 after purchasing an additional 5,431 shares during the period. Pallas Capital Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the third quarter worth approximately $703,000. Nisa Investment Advisors LLC boosted its holdings in shares of Fidelity National Information Services by 15.3% during the third quarter. Nisa Investment Advisors LLC now owns 140,153 shares of the information technology services provider’s stock worth $11,738,000 after purchasing an additional 18,569 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Fidelity National Information Services by 3.2% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 5,857 shares of the information technology services provider’s stock worth $491,000 after purchasing an additional 184 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction on Tuesday, October 15th. The shares were purchased at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FIS. Susquehanna raised their price target on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Royal Bank of Canada raised their price target on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on shares of 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. Finally, Stephens boosted their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus target price of $83.30.

Fidelity National Information Services Stock Down 1.1 %

Shares of FIS stock opened at $89.74 on Friday. Fidelity National Information Services, Inc. has a 12 month low of $47.97 and a 12 month high of $91.54. The firm has a market cap of $49.92 billion, a PE ratio of -8.77, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The stock has a 50 day moving average of $85.26 and a 200-day moving average of $78.68. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. Fidelity National Information Services’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.55 earnings per share. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.60%. Fidelity National Information Services’s payout ratio is -14.08%.

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.