Pallas Capital Advisors LLC Sells 519 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Pallas Capital Advisors LLC trimmed its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 6.7% in the 4th quarter, HoldingsChannel reports. The fund owned 7,261 shares of the information technology services provider’s stock after selling 519 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Fidelity National Information Services were worth $586,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Larson Financial Group LLC raised its stake in shares of Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares in the last quarter. Kennebec Savings Bank purchased a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter worth $30,000. Groupama Asset Managment grew its stake in Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after buying an additional 319 shares during the last quarter. Finally, Concord Wealth Partners increased its position in Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 146 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on FIS shares. Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $115.00 to $101.00 in a research note on Monday, January 6th. Compass Point started coverage on Fidelity National Information Services in a research note on Wednesday, November 20th. They issued a “buy” rating and a $126.00 target price for the company. TD Cowen boosted their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Susquehanna raised their price objective on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. upped their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Fidelity National Information Services Trading Down 0.2 %

Shares of FIS stock opened at $78.48 on Wednesday. Fidelity National Information Services, Inc. has a 1-year low of $58.24 and a 1-year high of $91.98. The company has a market cap of $42.25 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 0.72 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a 50 day simple moving average of $83.63 and a 200-day simple moving average of $82.27.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.94 earnings per share. On average, equities research analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.83%. Fidelity National Information Services’s payout ratio is currently 57.37%.

Insider Activity

In related news, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.20% of the company’s stock.

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.