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

Court Place Advisors LLC decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 30.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Fidelity National Information Services by 93.6% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,423 shares of the information technology services provider’s stock valued at $85,000 after purchasing an additional 688 shares during the period. Daiwa Securities Group Inc. increased its position in Fidelity National Information Services by 7.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 59,079 shares of the information technology services provider’s stock worth $3,549,000 after acquiring an additional 3,904 shares during the period. Desjardins Global Asset Management Inc. increased its position in Fidelity National Information Services by 249.6% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 41,747 shares of the information technology services provider’s stock worth $2,508,000 after acquiring an additional 29,804 shares during the period. United Asset Strategies Inc. increased its position in Fidelity National Information Services by 31.9% during the fourth quarter. United Asset Strategies Inc. now owns 13,066 shares of the information technology services provider’s stock worth $785,000 after acquiring an additional 3,159 shares during the period. Finally, Crescent Grove Advisors LLC increased its position in Fidelity National Information Services by 0.7% during the fourth quarter. Crescent Grove Advisors LLC now owns 667,054 shares of the information technology services provider’s stock worth $40,070,000 after acquiring an additional 4,563 shares during the period. Institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FIS. JPMorgan Chase & Co. boosted their target price on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Robert W. Baird lowered shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $76.00 to $78.00 in a research report on Wednesday, March 13th. Mizuho lifted their price target on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. TheStreet upgraded shares of Fidelity National Information Services from a “d” rating to a “c” rating in a research note on Monday, February 26th. Finally, UBS Group lifted their price target on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.59.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was acquired at an average cost of $72.37 per share, with a total value of $56,086.75. Following the completion of the acquisition, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.68% of the stock is currently owned by company insiders.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded down $0.35 on Wednesday, hitting $70.35. The stock had a trading volume of 2,950,291 shares, compared to its average volume of 4,455,340. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $74.75. 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’s 50 day moving average price is $68.70 and its 200-day moving average price is $61.05. The company has a market capitalization of $40.55 billion, a price-to-earnings ratio of -6.29, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97.

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

Fidelity National Information Services Cuts Dividend

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

Fidelity National Information Services announced that its Board of Directors has authorized a stock buyback program on Monday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the information technology services provider to repurchase up to 1.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

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.