Asset Management One Co. Ltd. Acquires 8,877 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Asset Management One Co. Ltd. grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 243,016 shares of the information technology services provider's stock after purchasing an additional 8,877 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Fidelity National Information Services were worth $18,148,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FIS. Kennebec Savings Bank increased its position in shares of Fidelity National Information Services by 71.3% during the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after purchasing an additional 186 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Fidelity National Information Services in the 4th quarter worth approximately $40,000. CoreCap Advisors LLC increased its holdings in Fidelity National Information Services by 877.6% in the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after acquiring an additional 509 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in Fidelity National Information Services by 139.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock worth $51,000 after acquiring an additional 371 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its holdings in Fidelity National Information Services by 109.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 770 shares of the information technology services provider's stock worth $58,000 after acquiring an additional 403 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price for the company in a report on Wednesday, April 23rd. Robert W. Baird increased their target price on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a report on Friday, April 4th. TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a report on Monday, April 21st. Stephens increased their target price on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Finally, UBS Group increased their price objective on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $90.75.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the transaction, the director now directly owns 11,942 shares in the company, valued at $860,301.68. This represents a 7.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.21% of the stock is owned by corporate insiders.

Fidelity National Information Services Price Performance

Shares of NYSE FIS traded up $0.90 during midday trading on Friday, reaching $80.90. 4,300,733 shares of the stock traded hands, compared to its average volume of 3,361,075. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $42.51 billion, a PE ratio of 53.58, a P/E/G ratio of 1.50 and a beta of 1.06. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The company's 50 day moving average is $79.42 and its 200 day moving average is $76.92.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The company's quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.33 EPS. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.98%. Fidelity National Information Services's dividend payout ratio is presently 105.96%.

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.