Chase Investment Counsel Corp Reduces Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Chase Investment Counsel Corp lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 94.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,774 shares of the information technology services provider’s stock after selling 62,016 shares during the quarter. Chase Investment Counsel Corp’s holdings in Fidelity National Information Services were worth $304,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC boosted its stake in shares of Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 159 shares during the period. Kennebec Savings Bank purchased a new stake in shares of Fidelity National Information Services during the third quarter valued at approximately $28,000. R Squared Ltd purchased a new stake in shares of Fidelity National Information Services during the fourth quarter valued at approximately $30,000. Groupama Asset Managment lifted its stake in Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 319 shares during the period. Finally, Morse Asset Management Inc purchased a new stake in Fidelity National Information Services in the third quarter worth $37,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Price Performance

FIS opened at $71.19 on Friday. The stock has a 50-day moving average price of $77.49 and a 200-day moving average price of $82.30. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $37.71 billion, a PE ratio of 27.28, a P/E/G ratio of 1.23 and a beta of 1.04. Fidelity National Information Services, Inc. has a 1 year low of $66.71 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period last year, the firm posted $0.94 earnings per share. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.40 dividend. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.25%. Fidelity National Information Services’s payout ratio is 61.30%.

Wall Street Analyst Weigh In

A number of analysts recently commented on FIS shares. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Compass Point dropped their price target on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Raymond James lowered Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. Finally, BNP Paribas lowered Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $88.65.

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.