Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Natixis

Natixis lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 96.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,764 shares of the information technology services provider’s stock after selling 717,967 shares during the quarter. Natixis’ holdings in Fidelity National Information Services were worth $2,134,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EdgeRock Capital LLC acquired a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $29,000. Rise Advisors LLC acquired a new stake in Fidelity National Information Services in the first quarter valued at approximately $29,000. Delta Asset Management LLC TN grew its position in Fidelity National Information Services by 600.0% in the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 450 shares in the last quarter. Palisade Asset Management LLC acquired a new stake in Fidelity National Information Services in the first quarter valued at approximately $37,000. Finally, Criterion Capital Advisors LLC acquired a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Ratings Changes

FIS has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Mizuho increased their target price on Fidelity National Information Services from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. TD Cowen increased their target price on Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Evercore ISI increased their target price on Fidelity National Information Services from $75.00 to $80.00 and gave the company an “in-line” rating in a research note on Tuesday, May 7th. Finally, Robert W. Baird increased their target price on Fidelity National Information Services from $78.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.42.

Fidelity National Information Services Stock Performance

FIS stock traded down $0.82 during mid-day trading on Thursday, reaching $74.51. The company had a trading volume of 2,898,904 shares, compared to its average volume of 4,206,784. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $41.45 billion, a P/E ratio of -7.36, a P/E/G ratio of 0.77 and a beta of 1.06. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $78.73. The stock’s 50-day simple moving average is $76.06 and its two-hundred day simple moving average is $70.67.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $1.29 earnings per share. Research analysts anticipate that Fidelity National Information Services, Inc. will post 4.94 EPS for the current year.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 719 shares of the stock in a transaction dated Monday, July 15th. The shares were bought at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the acquisition, the director now owns 9,771 shares of the company’s stock, valued at $750,510.51. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by company insiders.

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.