Nomura Asset Management Co. Ltd. Sells 3,473 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Nomura Asset Management Co. Ltd. decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 562,459 shares of the information technology services provider’s stock after selling 3,473 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Fidelity National Information Services were worth $47,106,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FIS. Graypoint LLC raised its position in shares of Fidelity National Information Services by 4.6% in the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock valued at $253,000 after buying an additional 132 shares in the last quarter. Atomi Financial Group Inc. increased its stake in Fidelity National Information Services by 3.4% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock worth $349,000 after acquiring an additional 135 shares during the period. Aptus Capital Advisors LLC raised its holdings in Fidelity National Information Services by 3.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock valued at $308,000 after acquiring an additional 137 shares in the last quarter. Concord Wealth Partners lifted its position in shares of Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after acquiring an additional 146 shares during the period. Finally, Larson Financial Group LLC grew its holdings in shares of Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 159 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on FIS. Susquehanna upped their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price target on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Stephens increased their price target 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 Friday, October 18th. Oppenheimer assumed coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Morgan Stanley raised their target price on Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average price target of $91.50.

Insider Activity

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, the executive vice president now owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey A. Goldstein purchased 626 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of 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 position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $83.79 on Tuesday. The firm has a market cap of $45.11 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. Fidelity National Information Services, Inc. has a 52 week low of $57.13 and a 52 week high of $91.98. The firm’s fifty day moving average is $87.21 and its 200-day moving average is $81.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18.

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

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given 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 1.72%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 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.