Mitsubishi UFJ Asset Management Co. Ltd. Has $69.14 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 861,420 shares of the information technology services provider's stock after purchasing an additional 55,143 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of Fidelity National Information Services worth $69,138,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC increased its holdings in shares of 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 valued at $27,000 after acquiring an additional 159 shares during the last quarter. R Squared Ltd bought a new stake in shares of Fidelity National Information Services during the 4th quarter worth $30,000. Morse Asset Management Inc acquired a new position in Fidelity National Information Services in the 3rd quarter valued at $37,000. OFI Invest Asset Management acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $40,000. Finally, Grove Bank & Trust boosted its stake in Fidelity National Information Services by 341.0% during the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after purchasing an additional 399 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction dated Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, the director now directly owns 11,098 shares of the company's stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FIS shares. Stephens dropped their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. UBS Group cut their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and decreased their price objective for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Finally, Royal Bank of Canada cut their target price on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of "Hold" and an average target price of $88.65.

Fidelity National Information Services Price Performance

Shares of FIS traded up $0.88 on Wednesday, hitting $75.45. The company's stock had a trading volume of 540,828 shares, compared to its average volume of 3,536,363. The company has a market capitalization of $39.97 billion, a PE ratio of 28.91, a PEG ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The company has a 50 day moving average price of $74.18 and a 200 day moving average price of $80.96. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted 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 period last year, the company earned $0.94 EPS. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.12%. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio (DPR) 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.