Chase Investment Counsel Corp Sells 62,016 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Chase Investment Counsel Corp cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 94.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,774 shares of the information technology services provider's stock after selling 62,016 shares during the period. Chase Investment Counsel Corp's holdings in Fidelity National Information Services were worth $304,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Larson Financial Group LLC lifted its position in 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 worth $27,000 after buying an additional 159 shares during the period. Kennebec Savings Bank acquired a new position in shares of Fidelity National Information Services during the 3rd quarter valued at about $28,000. R Squared Ltd purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth about $30,000. Morse Asset Management Inc acquired a new stake in shares of Fidelity National Information Services in the third quarter worth approximately $37,000. Finally, Grove Bank & Trust grew its holdings in Fidelity National Information Services by 341.0% in the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after purchasing an additional 399 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded down $0.22 during trading on Wednesday, reaching $69.67. The company had a trading volume of 2,973,941 shares, compared to its average volume of 3,363,183. The company has a market capitalization of $36.91 billion, a PE ratio of 26.69, a PEG ratio of 1.23 and a beta of 1.11. 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's 50 day simple moving average is $77.05 and its two-hundred day simple moving average is $82.24. Fidelity National Information Services, Inc. has a one year low of $66.72 and a one year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period in the previous year, the business earned $0.94 earnings per share. Sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.30%. Fidelity National Information Services's payout ratio is presently 61.30%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FIS. Raymond James downgraded Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Mizuho raised their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. TD Cowen increased their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Finally, Stephens reduced their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of "Hold" and an average price target of $88.65.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 701 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares of the company's stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is owned by insiders.

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.