Mitsubishi UFJ Asset Management Co. Ltd. Raises Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 602,708 shares of the information technology services provider’s stock after acquiring an additional 31,569 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.10% of Fidelity National Information Services worth $36,289,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Fidelity National Information Services by 12.7% in the 3rd quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock worth $3,199,306,000 after purchasing an additional 6,503,451 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Fidelity National Information Services by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,619,320 shares of the information technology services provider’s stock valued at $506,753,000 after buying an additional 121,154 shares in the last quarter. Northern Trust Corp grew its stake in Fidelity National Information Services by 10.6% in the 3rd quarter. Northern Trust Corp now owns 7,423,200 shares of the information technology services provider’s stock valued at $410,280,000 after acquiring an additional 708,947 shares during the period. London Co. of Virginia increased its holdings in Fidelity National Information Services by 59.4% in the 3rd quarter. London Co. of Virginia now owns 7,069,492 shares of the information technology services provider’s stock worth $390,731,000 after acquiring an additional 2,633,196 shares in the last quarter. Finally, Baupost Group LLC MA raised its position in Fidelity National Information Services by 2.7% during the third quarter. Baupost Group LLC MA now owns 6,960,219 shares of the information technology services provider’s stock worth $384,691,000 after acquiring an additional 185,219 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

FIS has been the subject of a number of research reports. TheStreet raised shares of Fidelity National Information Services from a “d” rating to a “c” rating in a research note on Monday, February 26th. JPMorgan Chase & Co. boosted their price objective on Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Stephens restated an “overweight” rating and issued a $90.00 target price on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Wedbush reissued an “outperform” rating and issued a $75.00 price objective on shares of Fidelity National Information Services in a research note on Wednesday, May 8th. Finally, TD Cowen lifted their target price on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.11.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 775 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were acquired at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of the transaction, the director now owns 9,052 shares of the company’s stock, valued at $655,093.24. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Fidelity National Information Services Trading Up 0.7 %

NYSE FIS traded up $0.52 during trading hours on Thursday, reaching $78.00. The company had a trading volume of 1,804,941 shares, compared to its average volume of 4,459,545. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $43.39 billion, a P/E ratio of -7.57, a price-to-earnings-growth ratio of 0.77 and a beta of 0.98. The stock has a 50-day moving average of $71.54 and a 200 day moving average of $63.92. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $78.09.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the previous year, the company earned $1.29 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, research analysts anticipate that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.85%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Fidelity National Information Services announced that its Board of Directors has approved a share buyback plan on Monday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

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.