Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Asset Management One Co. Ltd.

Posted by Defense World Staff on Jul 11th, 2023

Asset Management One Co. Ltd. boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 278,412 shares of the information technology services provider’s stock after acquiring an additional 835 shares during the period. Asset Management One Co. Ltd.’s holdings in Fidelity National Information Services were worth $15,126,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC raised its position in Fidelity National Information Services by 28.9% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,368,163 shares of the information technology services provider’s stock worth $567,780,000 after acquiring an additional 1,876,588 shares during the last quarter. Moneta Group Investment Advisors LLC acquired a new position in Fidelity National Information Services during the fourth quarter worth about $449,526,000. Norges Bank acquired a new position in Fidelity National Information Services during the fourth quarter worth about $390,114,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Fidelity National Information Services by 97.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,542,033 shares of the information technology services provider’s stock worth $376,027,000 after buying an additional 2,741,991 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Fidelity National Information Services by 793.5% during the fourth quarter. Barclays PLC now owns 5,364,128 shares of the information technology services provider’s stock worth $363,956,000 after buying an additional 4,763,769 shares in the last quarter. Institutional investors and hedge funds own 90.21% of the company’s stock.

Fidelity National Information Services Trading Down 1.5 %

NYSE FIS opened at $58.39 on Tuesday. The company’s fifty day simple moving average is $55.12 and its 200-day simple moving average is $60.39. Fidelity National Information Services, Inc. has a 52 week low of $48.57 and a 52 week high of $105.16. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.51. The stock has a market cap of $34.59 billion, a P/E ratio of -2.07, a PEG ratio of 0.94 and a beta of 0.81.

Fidelity National Information Services (NYSE:FIS – Get Free Report) last posted its earnings results on Thursday, April 27th. The information technology services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.09. Fidelity National Information Services had a negative net margin of 114.79% and a positive return on equity of 10.66%. The business had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same period in the previous year, the company posted $1.47 earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.95 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Friday, June 9th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, June 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.56%. Fidelity National Information Services’s payout ratio is currently -7.38%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 958 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The shares were purchased at an average cost of $57.24 per share, with a total value of $54,835.92. Following the completion of the acquisition, the director now directly owns 5,404 shares of the company’s stock, valued at approximately $309,324.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Jeffrey A. Goldstein purchased 958 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The shares were purchased at an average cost of $57.24 per share, with a total value of $54,835.92. Following the completion of the acquisition, the director now directly owns 5,404 shares of the company’s stock, valued at approximately $309,324.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Erik D. Hoag sold 3,451 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $54.15, for a total transaction of $186,871.65. Following the completion of the sale, the chief financial officer now directly owns 19,887 shares in the company, valued at $1,076,881.05. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FIS has been the subject of a number of recent research reports. 22nd Century Group reiterated a “maintains” rating on shares of Fidelity National Information Services in a report on Friday, April 28th. Robert W. Baird lowered their price target on shares of Fidelity National Information Services from $80.00 to $75.00 in a report on Monday, July 3rd. Credit Suisse Group lowered their target price on shares of Fidelity National Information Services from $75.00 to $70.00 in a report on Friday, April 28th. Mizuho boosted their target price on shares of Fidelity National Information Services from $78.00 to $80.00 in a report on Monday, May 1st. Finally, Royal Bank of Canada lowered their target price on shares of Fidelity National Information Services from $81.00 to $71.00 in a report on Monday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $88.39.

About Fidelity National Information Services

(Free Report)

Fidelity National Information Services, Inc provides technology solutions for financial institutions and businesses worldwide. It operates through Banking Solutions, Merchant Solutions, and Capital Market Solutions segments. The Banking Solutions segment provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; electronic funds transfer and network; card and retail payment; wealth and retirement; and item processing and output solutions.