Natixis Sells 717,967 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Natixis reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 96.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 28,764 shares of the information technology services provider’s stock after selling 717,967 shares during the period. Natixis’ holdings in Fidelity National Information Services were worth $2,134,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth approximately $1,244,000. Quest Partners LLC acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth approximately $653,000. Jump Financial LLC acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth approximately $752,000. Dimensional Fund Advisors LP grew its holdings in shares of Fidelity National Information Services by 25.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,013,537 shares of the information technology services provider’s stock worth $301,194,000 after purchasing an additional 1,027,466 shares in the last quarter. Finally, Sapient Capital LLC acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth approximately $1,076,000. 96.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FIS has been the topic of several recent research reports. Barclays lifted their price objective on Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. Stephens reaffirmed an “overweight” rating and issued a $90.00 price target on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target on the stock. in a research note on Monday. Evercore ISI boosted their price target 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, William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average price target of $79.42.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 719 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was bought at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the transaction, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock traded down $0.82 on Thursday, reaching $74.51. The company’s stock had a trading volume of 2,898,904 shares, compared to its average volume of 4,206,784. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market cap of $41.45 billion, a price-to-earnings ratio of -7.36, a PEG ratio of 0.77 and a beta of 1.06. The business’s fifty day moving average price is $76.06 and its 200 day moving average price is $70.67. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $78.73.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.29 earnings per share. Equities analysts expect that Fidelity National Information Services, Inc. will post 4.94 earnings per share for the current fiscal year.

Fidelity National Information Services 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.