Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. has increased its stake in Fidelity National Information Services by 11.0%, now owning approximately 0.18% of the company, valued at $71.38 million.
• Fidelity National Information Services has received several upgrades from analysts, with price targets now ranging from $82.00 to $94.00, reflecting a consensus rating of "Moderate Buy".
• The company reported earnings of $1.36 per share for the most recent quarter and announced a quarterly dividend of $0.40 per share, representing an annual yield of 2.2%.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 955,866 shares of the information technology services provider's stock after buying an additional 94,446 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.18% of Fidelity National Information Services worth $71,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of FIS. Capital Research Global Investors increased its holdings in Fidelity National Information Services by 3.8% during the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock worth $2,377,325,000 after purchasing an additional 1,082,929 shares during the period. Northern Trust Corp increased its holdings in Fidelity National Information Services by 16.5% during the 4th quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock worth $559,399,000 after purchasing an additional 982,955 shares during the period. GAMMA Investing LLC increased its holdings in Fidelity National Information Services by 6,171.5% during the 1st quarter. GAMMA Investing LLC now owns 829,844 shares of the information technology services provider's stock worth $61,973,000 after purchasing an additional 816,612 shares during the period. Ameriprise Financial Inc. increased its holdings in Fidelity National Information Services by 51.2% during the 4th quarter. Ameriprise Financial Inc. now owns 1,376,900 shares of the information technology services provider's stock worth $111,215,000 after purchasing an additional 466,246 shares during the period. Finally, Marshall Wace LLP increased its holdings in Fidelity National Information Services by 13,947.5% during the 4th quarter. Marshall Wace LLP now owns 449,800 shares of the information technology services provider's stock worth $36,330,000 after purchasing an additional 446,598 shares during the period. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

FIS stock traded down $1.29 during midday trading on Monday, reaching $69.87. The stock had a trading volume of 3,362,934 shares, compared to its average volume of 3,148,651. The stock has a market cap of $36.50 billion, a PE ratio of 13.25 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a fifty day simple moving average of $79.78 and a two-hundred day simple moving average of $76.71. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.36. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%. The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.36 EPS. As a group, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's payout ratio is presently 888.89%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FIS. Royal Bank Of Canada dropped their target price on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Oppenheimer raised Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a research report on Wednesday, April 23rd. TD Cowen raised Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research report on Monday, April 21st. Stephens increased their target price on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird increased their target price on Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $91.63.

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.