Mizuho Securities USA LLC reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 16.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,412 shares of the information technology services provider's stock after selling 8,612 shares during the quarter. Mizuho Securities USA LLC's holdings in Fidelity National Information Services were worth $3,167,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. Sierra Ocean LLC boosted its holdings in Fidelity National Information Services by 356.0% in the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 267 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in Fidelity National Information Services by 92.1% in the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 164 shares in the last quarter. YANKCOM Partnership boosted its holdings in Fidelity National Information Services by 118.8% in the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 190 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in Fidelity National Information Services by 179.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after acquiring an additional 250 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in Fidelity National Information Services by 100.5% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider's stock worth $33,000 after acquiring an additional 223 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.
Fidelity National Information Services Stock Up 1.5%
Fidelity National Information Services stock opened at $71.12 on Monday. The stock has a market capitalization of $37.15 billion, a PE ratio of 395.13 and a beta of 1.04. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The business has a 50 day simple moving average of $79.78 and a 200-day simple moving average of $76.71. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.
Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting analysts' consensus estimates of $1.36. The business had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%. The business's revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 earnings per share. On average, analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.
Fidelity National Information Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a $0.40 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. Fidelity National Information Services's payout ratio is 888.89%.
Analyst Upgrades and Downgrades
FIS has been the subject of several recent analyst reports. TD Cowen raised Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a report on Monday, April 21st. UBS Group decreased their target price on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Oppenheimer raised Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price for the company in a report on Wednesday, April 23rd. Citigroup raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $79.00 to $86.00 in a report on Monday, April 21st. Finally, Truist Financial lifted their target price on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $91.63.
Read Our Latest Report on FIS
Fidelity National Information Services Company Profile
(
Free Report)
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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