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

Mizuho Securities USA LLC reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 17.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Graypoint LLC grew its position in Fidelity National Information Services by 4.6% during the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider's stock worth $253,000 after purchasing an additional 132 shares during the period. Atomi Financial Group Inc. boosted its stake in shares of Fidelity National Information Services by 3.4% in the third quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider's stock worth $349,000 after buying an additional 135 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in Fidelity National Information Services by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider's stock worth $308,000 after acquiring an additional 137 shares during the period. Concord Wealth Partners raised its position 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 valued at $37,000 after acquiring an additional 146 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its holdings in Fidelity National Information Services by 2.4% in the second quarter. Moody National Bank Trust Division now owns 7,117 shares of the information technology services provider's stock valued at $536,000 after acquiring an additional 169 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Trading Up 0.7 %

FIS opened at $86.08 on Friday. The firm has a market capitalization of $46.34 billion, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06. The company's 50 day simple moving average is $86.96 and its two-hundred day simple moving average is $80.60. Fidelity National Information Services, Inc. has a 1-year low of $54.65 and a 1-year high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping 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 company 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 earnings per share. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. Analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

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

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of the firm's stock in a transaction dated 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 purchase, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now directly owns 32,199 shares in the company, valued at $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 insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FIS shares. Oppenheimer began coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They set a "market perform" rating for the company. Stephens lifted their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Barclays increased 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 Thursday, October 10th. Bank of America lifted their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, September 17th. Finally, Susquehanna increased their price target on 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.50.

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.

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