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

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

Several other institutional investors and hedge funds also recently made changes to their positions in FIS. Modera Wealth Management LLC boosted its holdings in Fidelity National Information Services by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock worth $242,000 after acquiring an additional 137 shares in the last quarter. Retirement Wealth Solutions LLC boosted its holdings in Fidelity National Information Services by 3.7% in the first quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider's stock worth $309,000 after acquiring an additional 146 shares in the last quarter. Integrated Advisors Network LLC boosted its holdings in Fidelity National Information Services by 4.7% in the first quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider's stock worth $245,000 after acquiring an additional 147 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Fidelity National Information Services by 8.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,013 shares of the information technology services provider's stock worth $150,000 after acquiring an additional 153 shares in the last quarter. Finally, SageView Advisory Group LLC boosted its holdings in Fidelity National Information Services by 1.5% in the fourth quarter. SageView Advisory Group LLC now owns 11,185 shares of the information technology services provider's stock worth $903,000 after acquiring an additional 160 shares in the last quarter. Institutional investors own 96.23% of the company's stock.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 844 shares of Fidelity National Information Services stock in a transaction on Tuesday, April 15th. The stock was acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a report on Monday, April 21st. Royal Bank Of Canada cut their price target on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Truist Financial assumed coverage on Fidelity National Information Services in a research note on Monday, June 2nd. They issued a "hold" rating and a $84.00 price objective for the company. Oppenheimer raised Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective for the company in a research note on Wednesday, April 23rd. Finally, Robert W. Baird increased their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $90.75.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $80.89 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $42.50 billion, a price-to-earnings ratio of 53.57, a PEG ratio of 1.53 and a beta of 1.06. The stock has a 50 day moving average of $79.18 and a 200 day moving average of $77.09. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly 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. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the business posted $1.33 earnings per share. Fidelity National Information Services's revenue was up 2.6% on a year-over-year basis. As a group, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.98%. The ex-dividend date was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is 105.96%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.