Mayport LLC Trims Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Mayport LLC decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 16.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rise Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the 1st quarter worth $29,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Fidelity National Information Services during the second quarter valued at about $30,000. EdgeRock Capital LLC acquired a new stake in Fidelity National Information Services during the second quarter worth about $35,000. Family Firm Inc. acquired a new stake in Fidelity National Information Services during the second quarter worth about $35,000. Finally, Palisade Asset Management LLC purchased a new position in shares of Fidelity National Information Services in the 1st quarter worth about $37,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 0.1 %

Shares of NYSE:FIS opened at $89.91 on Thursday. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $89.91. The company has a current ratio of 1.35, a quick 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 price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The company has a fifty day simple moving average of $82.60 and a 200 day simple moving average of $77.36.

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

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders 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 payout ratio is -14.08%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FIS shares. TD Cowen boosted their target price on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Royal Bank of Canada boosted their price objective on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Oppenheimer assumed coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. JPMorgan Chase & Co. lifted 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 report 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 report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $82.05.

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.