Fidelity National Information Services, Inc. (NYSE:FIS) Stock Position Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 8.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 238,466 shares of the information technology services provider's stock after purchasing an additional 19,028 shares during the period. Asset Management One Co. Ltd.'s holdings in Fidelity National Information Services were worth $19,972,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Fidelity National Information Services by 19.1% in the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider's stock valued at $5,093,093,000 after purchasing an additional 11,023,109 shares during the period. Boston Partners raised its position in shares of Fidelity National Information Services by 642.7% during the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider's stock worth $331,047,000 after purchasing an additional 3,868,683 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Fidelity National Information Services by 982.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider's stock valued at $293,560,000 after buying an additional 3,535,596 shares during the last quarter. Raymond James & Associates increased its position in Fidelity National Information Services by 449.8% during the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider's stock worth $343,693,000 after buying an additional 3,357,329 shares in the last quarter. Finally, Mizuho Markets Americas LLC lifted its position in shares of Fidelity National Information Services by 115.9% in the first quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider's stock valued at $278,041,000 after acquiring an additional 2,011,848 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of recent research reports. Oppenheimer began coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They set a "market perform" rating for the company. Bank of America lifted their target price on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a "buy" rating in a research note on Tuesday, September 17th. Jefferies Financial Group increased their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. Stephens lifted their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada increased their target price on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an "outperform" rating in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.75.

Fidelity National Information Services Price Performance

NYSE:FIS traded down $0.40 during midday trading on Wednesday, hitting $86.17. 5,500,449 shares of the stock were exchanged, compared to its average volume of 3,767,800. Fidelity National Information Services, Inc. has a one year low of $49.91 and a one year high of $91.98. The company has a market capitalization of $47.01 billion, a price-to-earnings ratio of 34.49, a P/E/G ratio of 0.79 and a beta of 1.06. The business has a 50-day moving average price of $85.75 and a two-hundred day moving average price of $79.17. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter last year, the business posted $0.94 earnings per share. The company's quarterly revenue was up 3.1% on a year-over-year basis. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.09 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.67%. Fidelity National Information Services's dividend payout ratio (DPR) is 57.37%.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the transaction, the director now directly owns 10,397 shares of the company's stock, valued at $917,535.25. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company's stock.

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.