Sumitomo Mitsui DS Asset Management Company Ltd Purchases 802 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 54,228 shares of the information technology services provider’s stock after acquiring an additional 802 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Fidelity National Information Services were worth $3,257,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. OFI Invest Asset Management bought a new position in Fidelity National Information Services during the 3rd quarter worth approximately $25,000. Baystate Wealth Management LLC grew its position in Fidelity National Information Services by 332.1% during the 3rd quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 372 shares during the last quarter. BKM Wealth Management LLC bought a new position in Fidelity National Information Services during the 4th quarter worth approximately $35,000. ORG Partners LLC bought a new position in Fidelity National Information Services during the 4th quarter worth approximately $48,000. Finally, Impact Partnership Wealth LLC grew its position in Fidelity National Information Services by 2,642.4% during the 3rd quarter. Impact Partnership Wealth LLC now owns 905 shares of the information technology services provider’s stock worth $50,000 after acquiring an additional 872 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Evercore ISI raised their price target on Fidelity National Information Services from $58.00 to $62.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. JPMorgan Chase & Co. raised their price target on Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Royal Bank of Canada raised their price target on Fidelity National Information Services from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Robert W. Baird cut Fidelity National Information Services from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $76.00 to $78.00 in a report on Wednesday, March 13th. Finally, The Goldman Sachs Group assumed coverage on Fidelity National Information Services in a report on Thursday, February 29th. They issued a “buy” rating and a $84.00 price objective for the company. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average price target of $71.59.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $71.90 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.75 and a quick ratio of 0.75. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $74.75. The firm has a market capitalization of $41.45 billion, a P/E ratio of -6.40, a PEG ratio of 0.89 and a beta of 0.97. The business has a fifty day moving average of $69.62 and a 200 day moving average of $61.64.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm earned $1.71 EPS. The business’s revenue was down .6% on a year-over-year basis. As a group, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 4.66 EPS for the current year.

Fidelity National Information Services Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Thursday, March 7th. Fidelity National Information Services’s payout ratio is currently -12.81%.

Fidelity National Information Services declared that its board has authorized a stock buyback plan on Monday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was bought at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of the acquisition, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.68% 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.