Parkside Financial Bank & Trust Decreases Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Parkside Financial Bank & Trust reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,210 shares of the information technology services provider’s stock after selling 207 shares during the period. Parkside Financial Bank & Trust’s holdings in Fidelity National Information Services were worth $133,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Allworth Financial LP increased its stake in Fidelity National Information Services by 14.4% in the 3rd quarter. Allworth Financial LP now owns 1,637 shares of the information technology services provider’s stock worth $90,000 after purchasing an additional 206 shares during the period. Counterpoint Mutual Funds LLC increased its stake in Fidelity National Information Services by 12.5% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 1,978 shares of the information technology services provider’s stock worth $109,000 after purchasing an additional 220 shares during the period. First Business Financial Services Inc. increased its stake in Fidelity National Information Services by 4.4% in the 3rd quarter. First Business Financial Services Inc. now owns 5,514 shares of the information technology services provider’s stock worth $305,000 after purchasing an additional 230 shares during the period. Catalyst Financial Partners LLC increased its stake in shares of Fidelity National Information Services by 3.1% during the third quarter. Catalyst Financial Partners LLC now owns 8,502 shares of the information technology services provider’s stock valued at $470,000 after buying an additional 255 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Fidelity National Information Services by 7.5% during the fourth quarter. Blue Trust Inc. now owns 3,937 shares of the information technology services provider’s stock valued at $218,000 after buying an additional 275 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FIS shares. Royal Bank of Canada boosted their target price on Fidelity National Information Services from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Evercore ISI boosted their target price on Fidelity National Information Services from $58.00 to $62.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. TheStreet raised Fidelity National Information Services from a “d” rating to a “c” rating in a research note on Monday, February 26th. UBS Group boosted their target price on Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Finally, Bank of America boosted their target price on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Information Services has an average rating of “Moderate Buy” and an average target price of $71.59.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $70.81 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.75 and a quick ratio of 0.75. The business’s fifty day simple moving average is $69.78 and its two-hundred day simple moving average is $61.71. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $74.75.

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

Fidelity National Information Services Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Thursday, March 7th. Fidelity National Information Services’s dividend payout ratio (DPR) is -12.81%.

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

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the stock in a transaction dated Monday, April 15th. The shares were purchased 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 in the company, valued at approximately $655,093.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.56% of the company’s stock.

Fidelity National Information Services 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.