Daiwa Securities Group Inc. Acquires 592 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Daiwa Securities Group Inc. boosted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,235 shares of the information technology services provider’s stock after purchasing an additional 592 shares during the period. Daiwa Securities Group Inc.’s holdings in Fidelity National Information Services were worth $5,754,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Fidelity National Information Services by 0.9% in the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock worth $2,070,491,000 after purchasing an additional 211,787 shares during the period. Raymond James Financial Inc. purchased a new stake in Fidelity National Information Services in the 4th quarter worth $451,458,000. The Manufacturers Life Insurance Company raised its holdings in Fidelity National Information Services by 13.8% during the third quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock valued at $371,343,000 after acquiring an additional 538,514 shares during the period. FMR LLC grew its position in shares of Fidelity National Information Services by 6.7% during the third quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider’s stock worth $234,015,000 after purchasing an additional 174,673 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Fidelity National Information Services by 9.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock valued at $117,571,000 after purchasing an additional 112,842 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FIS shares. Stephens cut their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. BNP Paribas cut shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company reduced their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Finally, Compass Point reduced their price objective 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 analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $88.65.

Fidelity National Information Services Stock Up 0.1 %

NYSE FIS opened at $68.19 on Thursday. 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 fifty day moving average of $75.67 and a two-hundred day moving average of $81.84. The firm has a market capitalization of $36.12 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data 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 net margin of 14.54% and a return on equity of 17.30%. During the same quarter last year, the business earned $0.94 earnings per share. On average, analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a $0.40 dividend. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is presently 61.30%.

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 on Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed 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.