Mitsubishi UFJ Trust & Banking Corp Sells 9,952 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 281,194 shares of the information technology services provider's stock after selling 9,952 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.05% of Fidelity National Information Services worth $22,712,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FIS. Larson Financial Group LLC boosted its holdings in Fidelity National Information Services by 94.1% in the third 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 in the 4th quarter valued at $30,000. Groupama Asset Managment boosted its stake in shares of Fidelity National Information Services by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider's stock valued at $35,000 after purchasing an additional 319 shares during the last quarter. Morse Asset Management Inc bought a new position in Fidelity National Information Services during the third quarter worth $37,000. Finally, OFI Invest Asset Management bought a new position in Fidelity National Information Services during the fourth quarter worth $40,000. Institutional investors and hedge funds own 96.23% of the company's stock.

Wall Street Analyst Weigh In

FIS has been the subject of several research analyst reports. Compass Point lowered their price objective on 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. Stephens lowered their target price on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company cut their price target on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Raymond James downgraded shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Finally, UBS Group dropped 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 report on Wednesday, February 12th. One equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $88.65.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company's stock, valued at $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Down 0.2 %

Fidelity National Information Services stock traded down $0.12 during midday trading on Tuesday, hitting $74.56. 2,762,374 shares of the stock were exchanged, compared to its average volume of 3,412,788. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The business's 50-day moving average price is $74.18 and its 200-day moving average price is $80.96. The stock has a market capitalization of $39.49 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 in the prior year, the firm posted $0.94 EPS. On average, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal 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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio (DPR) is 61.30%.

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.