Mufg Securities Americas Inc. Invests $642,000 in Fidelity National Information Services, Inc. (NYSE:FIS)

Mufg Securities Americas Inc. acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,948 shares of the information technology services provider's stock, valued at approximately $642,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIS. Capital Research Global Investors increased its position in Fidelity National Information Services by 3.8% during the fourth 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 acquiring an additional 1,082,929 shares during the period. Geode Capital Management LLC grew its holdings in Fidelity National Information Services by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider's stock worth $1,052,819,000 after purchasing an additional 208,127 shares during the period. Boston Partners raised its position in shares of Fidelity National Information Services by 3.9% in the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock valued at $968,326,000 after buying an additional 446,544 shares in the last quarter. Norges Bank acquired a new position in Fidelity National Information Services in the 4th quarter valued at approximately $635,202,000. Finally, Invesco Ltd. grew its stake in shares of Fidelity National Information Services by 9.1% in the 4th quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock valued at $611,682,000 after buying an additional 632,328 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the acquisition, the director now directly 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on FIS. Royal Bank of Canada lowered their price target on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. UBS Group increased their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. 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 report on Wednesday, May 7th. Robert W. Baird increased their target price 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. Finally, Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $91.11.

Fidelity National Information Services Stock Up 1.4%

Shares of NYSE FIS traded up $1.13 during midday trading on Monday, hitting $80.99. The company's stock had a trading volume of 3,139,113 shares, compared to its average volume of 3,493,500. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $42.55 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The business's fifty day simple moving average is $74.69 and its two-hundred day simple moving average is $78.22.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company earned $1.33 earnings per share. The business's quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is 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.