Mitsubishi UFJ Asset Management Co. Ltd. Increases Holdings in Fidelity National Information Services, Inc. $FIS

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,002,977 shares of the information technology services provider’s stock after purchasing an additional 47,111 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Fidelity National Information Services were worth $81,652,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Meeder Asset Management Inc. raised its holdings in shares of Fidelity National Information Services by 92.1% during the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 164 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in Fidelity National Information Services by 179.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 250 shares during the period. NewSquare Capital LLC raised its holdings in Fidelity National Information Services by 115.1% in the 2nd quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 191 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in shares of Fidelity National Information Services by 100.5% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 223 shares during the period. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at about $42,000. 96.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FIS shares. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a research note on Thursday, October 23rd. Susquehanna decreased their target price on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a research report on Friday, September 12th. Royal Bank Of Canada dropped their price target on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a research report on Thursday. KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Finally, Jefferies Financial Group dropped their target price on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, October 14th. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $85.53.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $64.72 on Monday. Fidelity National Information Services, Inc. has a 1-year low of $59.51 and a 1-year high of $89.57. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The business has a fifty day moving average price of $66.31 and a 200-day moving average price of $73.84. The company has a market capitalization of $33.51 billion, a PE ratio of 359.56 and a beta of 1.01.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.48 by $0.03. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.65 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. Fidelity National Information Services’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. As a group, equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, December 9th. Fidelity National Information Services’s payout ratio is presently 592.59%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 889 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were acquired at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the purchase, the director owned 13,588 shares in the company, valued at approximately $919,364.08. This trade represents a 7.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.21% of the company’s stock.

Fidelity National Information Services Company 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.