Resona Asset Management Co. Ltd. Invests $13.30 Million in Fidelity National Information Services, Inc. (NYSE:FIS)

Resona Asset Management Co. Ltd. purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 164,345 shares of the information technology services provider's stock, valued at approximately $13,295,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FIS. Norges Bank bought a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $635,202,000. Raymond James Financial Inc. acquired a new position in Fidelity National Information Services in the fourth quarter valued at about $451,458,000. Arrowstreet Capital Limited Partnership raised its position in shares of Fidelity National Information Services by 100.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock worth $261,037,000 after purchasing an additional 1,616,146 shares during the period. KBC Group NV lifted its holdings in shares of Fidelity National Information Services by 1,390.5% during the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider's stock valued at $95,330,000 after purchasing an additional 1,101,072 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in Fidelity National Information Services by 922.3% during the 4th quarter. Schroder Investment Management Group now owns 671,309 shares of the information technology services provider's stock worth $54,101,000 after purchasing an additional 605,640 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

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Fidelity National Information Services Stock Up 0.9 %

Shares of FIS traded up $0.60 during trading hours on Friday, hitting $70.11. The stock had a trading volume of 798,862 shares, compared to its average volume of 3,460,893. The firm has a 50 day simple moving average of $72.47 and a 200-day simple moving average of $80.17. The firm has a market capitalization of $37.14 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. 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, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping 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 quarter in the prior year, the firm earned $0.94 earnings per share. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.28%. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio (DPR) is currently 61.30%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the 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 in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

FIS has been the subject of several research analyst reports. UBS Group reduced their price target on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Raymond James downgraded 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 research note on Monday, January 6th. Royal Bank of Canada decreased their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Susquehanna cut Fidelity National Information Services from a "positive" rating to a "neutral" rating and cut their target price for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Finally, William Blair reiterated an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. 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 stock presently has a consensus rating of "Hold" and a consensus price target of $88.05.

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.