Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 6.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 861,420 shares of the information technology services provider’s stock after buying an additional 55,143 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Fidelity National Information Services were worth $69,138,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FIS. Larson Financial Group LLC increased its stake in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after buying an additional 159 shares during the period. R Squared Ltd bought a new position in Fidelity National Information Services in the fourth quarter worth about $30,000. Groupama Asset Managment lifted its stake in Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 319 shares during the last quarter. Morse Asset Management Inc acquired a new position in Fidelity National Information Services during the 3rd quarter valued at about $37,000. Finally, OFI Invest Asset Management bought a new stake in shares of Fidelity National Information Services during the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on FIS. UBS Group lowered their target price on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $115.00 to $101.00 in a report on Monday, January 6th. Compass Point cut their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Susquehanna cut Fidelity National Information Services from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada decreased their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $88.65.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Down 1.9 %

FIS stock opened at $73.64 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The company has a market cap of $39.01 billion, a P/E ratio of 28.22, a PEG ratio of 1.23 and a beta of 1.10. The business has a fifty day moving average of $74.34 and a 200-day moving average of $81.13.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the previous year, the firm earned $0.94 earnings per share. As a group, equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a $0.40 dividend. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.17%. The ex-dividend date was Tuesday, March 11th. Fidelity National Information Services’s payout ratio is currently 61.30%.

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.