Asset Management One Co. Ltd. Sells 4,327 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Asset Management One Co. Ltd. reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 234,139 shares of the information technology services provider’s stock after selling 4,327 shares during the period. Asset Management One Co. Ltd.’s holdings in Fidelity National Information Services were worth $19,106,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FIS. Raymond James & Associates grew its holdings 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 valued at $343,693,000 after purchasing an additional 3,357,329 shares during the period. KBC Group NV lifted its position 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 buying an additional 1,101,072 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Fidelity National Information Services by 1,304.8% during the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock worth $48,927,000 after acquiring an additional 562,154 shares during the period. The Manufacturers Life Insurance Company raised its stake in Fidelity National Information Services by 13.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock valued at $371,343,000 after acquiring an additional 538,514 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Fidelity National Information Services by 89.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 630,999 shares of the information technology services provider’s stock valued at $52,846,000 after purchasing an additional 297,266 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Down 2.4 %

Shares of FIS opened at $68.84 on Friday. The firm has a market cap of $37.06 billion, a P/E ratio of 27.43, a P/E/G ratio of 0.63 and a beta of 1.04. Fidelity National Information Services, Inc. has a 1 year low of $62.17 and a 1 year high of $91.98. The stock has a 50 day simple moving average of $80.20 and a two-hundred day simple moving average of $82.73. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. During the same quarter last year, the company posted $0.94 EPS. On average, analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, March 11th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.32%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FIS. Morgan Stanley reduced their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday. Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday. TD Cowen raised their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Mizuho boosted their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Compass Point cut their target price on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Fidelity National Information Services has an average rating of “Hold” and an average target price of $87.95.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Company 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.