Fidelity National Information Services, Inc. (NYSE:FIS) Stock Holdings Lessened by Mayport LLC

Mayport LLC lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 16.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 8,983 shares of the information technology services provider’s stock after selling 1,800 shares during the quarter. Mayport LLC’s holdings in Fidelity National Information Services were worth $752,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Rise Advisors LLC bought a new stake in Fidelity National Information Services in the first quarter valued at $29,000. University of Texas Texas AM Investment Management Co. bought a new stake in Fidelity National Information Services in the 2nd quarter valued at about $30,000. Family Firm Inc. bought a new position in Fidelity National Information Services in the 2nd quarter worth about $35,000. EdgeRock Capital LLC bought a new stake in shares of Fidelity National Information Services during the second quarter valued at approximately $35,000. Finally, Palisade Asset Management LLC acquired a new position in shares of Fidelity National Information Services during the first quarter worth approximately $37,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

FIS opened at $89.91 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The firm has a market cap of $50.01 billion, a PE ratio of -8.78, a P/E/G ratio of 0.77 and a beta of 1.08. The business has a fifty day simple moving average of $82.60 and a 200-day simple moving average of $77.36. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $89.91.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. Fidelity National Information Services’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $1.55 EPS. As a group, equities analysts predict that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.60%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FIS shares. Jefferies Financial Group lifted their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday. Barclays 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 research note on Thursday, October 10th. Bank of America upped their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. raised their target price on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Finally, Susquehanna upped their price target on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research note on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $82.05.

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.