Nomura Asset Management Co. Ltd. Buys 8,546 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Nomura Asset Management Co. Ltd. raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 571,005 shares of the information technology services provider's stock after buying an additional 8,546 shares during the period. Nomura Asset Management Co. Ltd. owned 0.11% of Fidelity National Information Services worth $46,120,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC bought a new stake in Fidelity National Information Services during the fourth quarter worth about $2,593,000. Raymond James Financial Inc. bought a new stake in shares of Fidelity National Information Services during the 4th quarter worth approximately $451,458,000. Avanza Fonder AB bought a new position in shares of Fidelity National Information Services in the fourth quarter valued at $3,227,000. Princeton Global Asset Management LLC acquired a new position in Fidelity National Information Services during the fourth quarter worth $2,313,000. Finally, Csenge Advisory Group raised its position in Fidelity National Information Services by 44.4% during the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider's stock worth $1,086,000 after acquiring an additional 4,134 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on FIS. Stephens decreased their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Morgan Stanley lowered their price target on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Compass Point decreased their target price on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Finally, Susquehanna downgraded Fidelity National Information Services from a "positive" rating to a "neutral" rating and cut their price target for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. One investment 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $88.65.

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Fidelity National Information Services Trading Up 1.3 %

Shares of NYSE:FIS traded up $0.96 during midday trading on Wednesday, hitting $75.53. 695,175 shares of the stock were exchanged, compared to its average volume of 3,538,772. 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 $40.01 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period in the previous year, the company posted $0.94 earnings per share. Analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share 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 paid a $0.40 dividend. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services's payout ratio is currently 61.30%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were acquired 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 owns 11,098 shares of the company's stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.

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.