Mitsubishi UFJ Trust & Banking Corp Sells 9,952 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 281,194 shares of the information technology services provider’s stock after selling 9,952 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.05% of Fidelity National Information Services worth $22,712,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bradley Foster & Sargent Inc. CT increased its position in Fidelity National Information Services by 4.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock valued at $232,000 after acquiring an additional 128 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in shares of Fidelity National Information Services by 2.2% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock worth $480,000 after purchasing an additional 129 shares during the last quarter. Old Port Advisors increased its holdings in Fidelity National Information Services by 4.9% in the fourth quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock valued at $232,000 after purchasing an additional 135 shares during the period. Modera Wealth Management LLC raised its position in Fidelity National Information Services by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider’s stock worth $242,000 after purchasing an additional 137 shares during the last quarter. Finally, Center for Financial Planning Inc. grew its position in shares of Fidelity National Information Services by 3.8% in the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider’s stock valued at $303,000 after buying an additional 138 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Stock Up 0.8 %

Fidelity National Information Services stock opened at $75.17 on Friday. The firm has a market capitalization of $39.82 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. The firm’s fifty day moving average price is $74.44 and its two-hundred day moving average price is $81.19. 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 current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period in the previous year, the business posted $0.94 EPS. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.13%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio is 61.30%.

Analyst Ratings Changes

FIS has been the subject of a number of analyst reports. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Royal Bank of Canada decreased their price objective on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Stephens dropped their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, UBS Group decreased their price target on 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $88.65.

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.