First Hawaiian Bank Increases Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

First Hawaiian Bank lifted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 7.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 62,560 shares of the information technology services provider’s stock after buying an additional 4,469 shares during the period. First Hawaiian Bank’s holdings in Fidelity National Information Services were worth $4,715,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FIS. Vanguard Group Inc. boosted its stake in Fidelity National Information Services by 19.1% during the 1st quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock valued at $5,093,093,000 after acquiring an additional 11,023,109 shares during the last quarter. FIL Ltd grew its stake in shares of Fidelity National Information Services by 27.3% in the 4th quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock worth $773,552,000 after purchasing an additional 2,758,049 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Fidelity National Information Services by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,619,320 shares of the information technology services provider’s stock worth $506,753,000 after purchasing an additional 121,154 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Fidelity National Information Services by 6.8% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider’s stock worth $505,956,000 after purchasing an additional 537,180 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Fidelity National Information Services in the fourth quarter worth about $478,594,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 1.0 %

Shares of NYSE:FIS traded down $0.73 during mid-day trading on Friday, reaching $74.36. The stock had a trading volume of 2,291,368 shares, compared to its average volume of 2,545,996. The firm has a market cap of $41.36 billion, a PE ratio of -7.27, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06. The firm has a 50 day simple moving average of $75.77 and a two-hundred day simple moving average of $71.41. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $78.73.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $0.96 by $0.14. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company posted $1.29 EPS. On average, research analysts predict that Fidelity National Information Services, Inc. will post 4.94 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be paid a $0.36 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.94%. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 719 shares of Fidelity National Information Services stock in a transaction on Monday, July 15th. The stock was purchased at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the transaction, 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 available through this link. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. BNP Paribas cut shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price target for the company. in a report on Thursday, April 11th. Royal Bank of Canada upped their target price on shares of Fidelity National Information Services from $82.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, June 14th. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Morgan Stanley cut shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective for the company. in a research note on Monday, July 22nd. Finally, Robert W. Baird upped their target price on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $79.42.

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.