FUKOKU MUTUAL LIFE INSURANCE Co Has $244,000 Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

FUKOKU MUTUAL LIFE INSURANCE Co cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 22.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,015 shares of the information technology services provider’s stock after selling 885 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Fidelity National Information Services were worth $244,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FIS. Allspring Global Investments Holdings LLC lifted its stake in Fidelity National Information Services by 6.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 28,208 shares of the information technology services provider’s stock valued at $2,362,000 after acquiring an additional 1,620 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Fidelity National Information Services by 6,330.3% in the third quarter. International Assets Investment Management LLC now owns 20,770 shares of the information technology services provider’s stock valued at $17,390,000 after purchasing an additional 20,447 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Fidelity National Information Services by 2.1% in the third quarter. Assenagon Asset Management S.A. now owns 20,098 shares of the information technology services provider’s stock valued at $1,683,000 after purchasing an additional 412 shares during the period. Allworth Financial LP raised its position in shares of Fidelity National Information Services by 10.4% in the third quarter. Allworth Financial LP now owns 2,229 shares of the information technology services provider’s stock valued at $187,000 after purchasing an additional 210 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Fidelity National Information Services by 13.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 100,446 shares of the information technology services provider’s stock valued at $8,412,000 after purchasing an additional 11,932 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Down 0.6 %

Shares of NYSE FIS opened at $68.89 on Thursday. The company’s 50 day simple moving average is $77.91 and its 200 day simple moving average is $82.42. Fidelity National Information Services, Inc. has a fifty-two week low of $66.20 and a fifty-two week high of $91.98. The firm has a market capitalization of $36.49 billion, a P/E ratio of 26.39, a P/E/G ratio of 1.23 and a beta of 1.04. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 period last year, the firm earned $0.94 EPS. On average, analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.32%. Fidelity National Information Services’s dividend payout ratio (DPR) is 61.30%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company dropped their price target 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. JPMorgan Chase & Co. boosted their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Morgan Stanley dropped their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Barclays dropped their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Finally, William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $87.36.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.

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.