CenterBook Partners LP Sells 15,771 Shares of Fidelity National Information Services, Inc. $FIS

CenterBook Partners LP decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 66.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,021 shares of the information technology services provider’s stock after selling 15,771 shares during the period. CenterBook Partners LP’s holdings in Fidelity National Information Services were worth $529,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pinnacle Bancorp Inc. boosted its position in Fidelity National Information Services by 21.9% during the third quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock valued at $55,000 after purchasing an additional 150 shares in the last quarter. Wealthspire Advisors LLC grew its position in shares of Fidelity National Information Services by 3.1% in the 2nd quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock worth $442,000 after buying an additional 162 shares during the last quarter. FJ Capital Management LLC raised its stake in shares of Fidelity National Information Services by 4.7% during the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock worth $293,000 after acquiring an additional 163 shares in the last quarter. Gratus Wealth Advisors LLC lifted its position in Fidelity National Information Services by 1.4% during the third quarter. Gratus Wealth Advisors LLC now owns 12,389 shares of the information technology services provider’s stock valued at $817,000 after acquiring an additional 170 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in Fidelity National Information Services by 0.7% in the second quarter. TD Waterhouse Canada Inc. now owns 24,042 shares of the information technology services provider’s stock worth $1,981,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of recent analyst reports. Compass Point lowered their price objective on Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $70.00 target price on shares of Fidelity National Information Services in a research note on Thursday, January 15th. JPMorgan Chase & Co. decreased their price target on shares of Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Stephens cut their target price on Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, January 16th. Finally, Cantor Fitzgerald initiated coverage on Fidelity National Information Services in a research note on Tuesday, January 27th. They set an “overweight” rating and a $72.00 price target on the stock. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $77.94.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 941 shares of the stock in a transaction dated Thursday, January 15th. The stock was acquired at an average price of $64.11 per share, with a total value of $60,327.51. Following the completion of the purchase, the director owned 14,529 shares in the company, valued at $931,454.19. This trade represents a 6.93% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is owned by company insiders.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $49.14 on Friday. The stock has a market capitalization of $25.44 billion, a price-to-earnings ratio of 181.98, a PEG ratio of 0.73 and a beta of 0.90. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.53 and a quick ratio of 0.53. The firm’s 50 day simple moving average is $59.80 and its 200-day simple moving average is $64.39. Fidelity National Information Services, Inc. has a 12 month low of $46.16 and a 12 month high of $82.74.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.44 per share. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, March 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is 592.59%.

About Fidelity National Information Services

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.