Mitsubishi UFJ Asset Management Co. Ltd. Purchases 106,725 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 17.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 709,433 shares of the information technology services provider’s stock after acquiring an additional 106,725 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Fidelity National Information Services were worth $52,626,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System lifted its position in shares of Fidelity National Information Services by 5.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 668,571 shares of the information technology services provider’s stock worth $49,595,000 after buying an additional 35,444 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Fidelity National Information Services by 0.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 235,135 shares of the information technology services provider’s stock worth $17,442,000 after acquiring an additional 1,507 shares during the last quarter. Barings LLC boosted its stake in shares of Fidelity National Information Services by 5.3% in the 1st quarter. Barings LLC now owns 15,658 shares of the information technology services provider’s stock valued at $1,162,000 after purchasing an additional 791 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Fidelity National Information Services by 6.2% during the 1st quarter. Bleakley Financial Group LLC now owns 118,297 shares of the information technology services provider’s stock valued at $8,775,000 after purchasing an additional 6,886 shares during the last quarter. Finally, Baron Wealth Management LLC increased its position in Fidelity National Information Services by 41.0% during the 1st quarter. Baron Wealth Management LLC now owns 5,251 shares of the information technology services provider’s stock worth $390,000 after purchasing an additional 1,526 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Trading Down 1.3 %

Shares of NYSE FIS traded down $1.02 during mid-day trading on Friday, hitting $75.02. The stock had a trading volume of 555,012 shares, compared to its average volume of 4,231,312. The business has a 50 day moving average price of $76.12 and a two-hundred day moving average price of $70.19. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $78.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market cap of $41.73 billion, a P/E ratio of -7.34, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06.

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

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were issued a dividend of $0.36 per share. The ex-dividend date was Monday, June 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.92%. Fidelity National Information Services’s payout ratio is -14.08%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 719 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the acquisition, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FIS. Barclays raised their price objective on Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Bank of America lifted their price target on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Evercore ISI boosted their price target on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the stock an “in-line” rating in a research report on Tuesday, May 7th. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Finally, TD Cowen boosted their price objective on Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus price target of $79.32.

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.