Meiji Yasuda Asset Management Co Ltd. Has $3.32 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Meiji Yasuda Asset Management Co Ltd. grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 68.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,096 shares of the information technology services provider’s stock after acquiring an additional 16,686 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Fidelity National Information Services were worth $3,319,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FIS. Larson Financial Group LLC lifted its position in shares of Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after buying an additional 159 shares during the last quarter. R Squared Ltd acquired a new position in Fidelity National Information Services during the fourth quarter valued at approximately $30,000. Groupama Asset Managment raised its position in shares of Fidelity National Information Services by 0.8% in the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 319 shares during the period. Morse Asset Management Inc bought a new stake in shares of Fidelity National Information Services during the 3rd quarter worth $37,000. Finally, OFI Invest Asset Management bought a new position in Fidelity National Information Services in the 4th quarter worth $40,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FIS shares. UBS Group decreased their price target on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada lowered their target price on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Stephens lowered their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Finally, Compass Point dropped their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $88.65.

Fidelity National Information Services Stock Down 0.1 %

Shares of FIS opened at $74.25 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average price of $74.59 and a two-hundred day moving average price of $81.28. The stock has a market cap of $39.33 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 1.23 and a beta of 1.10. 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) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the prior year, the firm posted $0.94 earnings per share. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were issued a $0.40 dividend. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.15%. Fidelity National Information Services’s dividend payout ratio is presently 61.30%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services 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.