Fidelity National Information Services, Inc. (NYSE:FIS) is Mizuho Markets Americas LLC’s 9th Largest Position

Mizuho Markets Americas LLC cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 39.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,865,752 shares of the information technology services provider’s stock after selling 1,201,195 shares during the quarter. Fidelity National Information Services accounts for 3.2% of Mizuho Markets Americas LLC’s portfolio, making the stock its 9th biggest holding. Mizuho Markets Americas LLC’s holdings in Fidelity National Information Services were worth $156,257,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FIS. Kennebec Savings Bank acquired a new stake in Fidelity National Information Services in the third 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 second quarter valued at about $30,000. Concord Wealth Partners boosted its holdings in Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after buying an additional 146 shares in the last quarter. Family Firm Inc. acquired a new position in Fidelity National Information Services during the second quarter worth about $35,000. Finally, EdgeRock Capital LLC purchased a new position in Fidelity National Information Services in the second quarter valued at about $35,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Ratings Changes

FIS has been the topic of several research analyst reports. Mizuho boosted their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Morgan Stanley boosted their target price on Fidelity National Information Services from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. TD Cowen raised their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Jefferies Financial Group boosted their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.68.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

FIS opened at $87.82 on Friday. Fidelity National Information Services, Inc. has a 1 year low of $53.76 and a 1 year high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The company’s 50 day simple moving average is $86.67 and its 200 day simple moving average is $80.01. The stock has a market capitalization of $47.28 billion, a PE ratio of 34.99, a P/E/G ratio of 0.75 and a beta of 1.06.

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

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.64%. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

Fidelity National Information Services 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.