Meiji Yasuda Asset Management Co Ltd. Has $3.32 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 68.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,096 shares of the information technology services provider’s stock after buying an additional 16,686 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Fidelity National Information Services were worth $3,319,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in shares of Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 159 shares in the last quarter. R Squared Ltd acquired a new position in Fidelity National Information Services during the 4th quarter worth $30,000. Groupama Asset Managment boosted its position in Fidelity National Information Services by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 319 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at $37,000. Finally, OFI Invest Asset Management bought a new stake in shares of Fidelity National Information Services during the fourth quarter worth $40,000. Institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the topic of several recent research reports. Barclays decreased their price target on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. UBS Group lowered their price target on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $115.00 to $101.00 in a report on Monday, January 6th. Wells Fargo & Company lowered their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $88.65.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost 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 approximately $887,507.06. This represents a 6.74 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Down 0.1 %

Fidelity National Information Services stock opened at $74.25 on Wednesday. The company has a 50 day moving average of $74.59 and a 200-day moving average of $81.28. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The stock has a market capitalization of $39.33 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $0.94 earnings per share. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 61.30%.

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.