Mizuho Securities USA LLC Lowers Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Mizuho Securities USA LLC cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 17.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 35,377 shares of the information technology services provider’s stock after selling 7,513 shares during the period. Mizuho Securities USA LLC’s holdings in Fidelity National Information Services were worth $2,963,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. Kennebec Savings Bank purchased a new stake in shares of Fidelity National Information Services during the third quarter worth $28,000. University of Texas Texas AM Investment Management Co. acquired a new position in Fidelity National Information Services during the 2nd quarter worth $30,000. EdgeRock Capital LLC purchased a new stake in Fidelity National Information Services during the 2nd quarter worth about $35,000. Family Firm Inc. acquired a new stake in Fidelity National Information Services in the 2nd quarter valued at about $35,000. Finally, Concord Wealth Partners boosted its stake in shares of Fidelity National Information Services by 50.2% in 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 during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stephens upped their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Mizuho increased their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Barclays lifted their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods increased their target price on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.50.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the transaction, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. This represents a 6.41 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $86.08 on Friday. The company’s 50 day simple moving average is $86.96 and its 200-day simple moving average is $80.60. The firm has a market cap of $46.34 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06. Fidelity National Information Services, Inc. has a 12-month low of $54.65 and a 12-month high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63.

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

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.67%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Fidelity National Information Services Company 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.