Mitsubishi UFJ Trust & Banking Corp Decreases Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Mitsubishi UFJ Trust & Banking Corp cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 6.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 305,462 shares of the information technology services provider’s stock after selling 21,178 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Fidelity National Information Services were worth $22,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in FIS. Norges Bank purchased a new stake in Fidelity National Information Services in the 4th quarter valued at $478,594,000. Lyrical Asset Management LP purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $260,316,000. FIL Ltd increased its position in Fidelity National Information Services by 27.3% during the fourth quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock worth $773,552,000 after purchasing an additional 2,758,049 shares during the last quarter. Mizuho Markets Americas LLC raised its stake in Fidelity National Information Services by 115.9% during the first quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock worth $278,041,000 after purchasing an additional 2,011,848 shares during the period. Finally, Morningstar Investment Services LLC grew its stake in shares of Fidelity National Information Services by 95.3% in the 4th quarter. Morningstar Investment Services LLC now owns 3,641,757 shares of the information technology services provider’s stock valued at $221,418,000 after buying an additional 1,776,752 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were acquired at an average price of $76.81 per share, with a total value of $55,226.39. Following the transaction, the director now owns 9,771 shares of the company’s stock, valued at $750,510.51. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Down 1.0 %

Shares of Fidelity National Information Services stock traded down $0.79 on Friday, reaching $75.25. 2,987,492 shares of the company were exchanged, compared to its average volume of 3,288,782. The stock’s 50 day moving average price is $76.14 and its 200-day moving average price is $70.36. The company has a market cap of $41.86 billion, a P/E ratio of -7.36, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $78.73. 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 (NYSE:FIS) last announced its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 EPS. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 4.94 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

Analysts Set New Price Targets

FIS has been the topic of several analyst reports. Susquehanna reaffirmed a “positive” rating and set a $86.00 price target on shares of Fidelity National Information Services in a research report on Wednesday, July 10th. Wedbush reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Fidelity National Information Services in a research note on Wednesday, May 8th. Barclays raised their price objective on Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. Robert W. Baird upped their target price on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Finally, Evercore ISI lifted their price target on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the company an “in-line” rating in a research report on Tuesday, May 7th. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus target price of $79.32.

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.