Sumitomo Mitsui Trust Holdings Inc. Increases Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Sumitomo Mitsui Trust Holdings Inc. boosted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,423,336 shares of the information technology services provider’s stock after purchasing an additional 6,207 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.25% of Fidelity National Information Services worth $105,583,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FIS. Norges Bank purchased a new position in Fidelity National Information Services in the fourth quarter worth about $478,594,000. Vanguard Group Inc. boosted its position in Fidelity National Information Services by 12.7% in the third quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock worth $3,199,306,000 after purchasing an additional 6,503,451 shares during the last quarter. Lyrical Asset Management LP purchased a new position in Fidelity National Information Services in the fourth quarter worth about $260,316,000. JANA Partners Management LP purchased a new position in Fidelity National Information Services in the third quarter worth about $206,507,000. Finally, FIL Ltd lifted its position in shares of Fidelity National Information Services by 27.3% during the 4th quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock valued at $773,552,000 after buying an additional 2,758,049 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 775 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was purchased at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the acquisition, the director now owns 9,052 shares in the company, valued at $655,093.24. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $75.77 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $78.73. The stock’s 50 day simple moving average is $74.95 and its two-hundred day simple moving average is $69.01. The company has a market cap of $42.15 billion, a price-to-earnings ratio of -7.41, a PEG ratio of 0.77 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

Analyst Ratings Changes

FIS has been the topic of a number of analyst reports. Susquehanna lifted their price objective on Fidelity National Information Services from $81.00 to $86.00 and gave the company a “positive” rating in a research report on Wednesday, May 8th. TD Cowen lifted their price objective on Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. Wedbush reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Fidelity National Information Services in a research report on Wednesday, May 8th. Stephens reaffirmed an “overweight” rating and set a $90.00 price objective on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Finally, Bank of America lifted their price objective on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $79.32.

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.