Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,079 shares of the information technology services provider’s stock after purchasing an additional 3,904 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Fidelity National Information Services were worth $3,549,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Fidelity National Information Services by 51.0% in the third quarter. JPMorgan Chase & Co. now owns 3,010,816 shares of the information technology services provider’s stock valued at $166,408,000 after acquiring an additional 1,016,719 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Fidelity National Information Services in the 4th quarter worth about $1,244,000. Korea Investment CORP lifted its stake in shares of Fidelity National Information Services by 5.5% in the 3rd quarter. Korea Investment CORP now owns 215,121 shares of the information technology services provider’s stock valued at $11,890,000 after purchasing an additional 11,181 shares in the last quarter. Value Holdings Management CO. LLC grew its holdings in shares of Fidelity National Information Services by 77.4% during the 3rd quarter. Value Holdings Management CO. LLC now owns 173,000 shares of the information technology services provider’s stock worth $9,562,000 after purchasing an additional 75,500 shares during the period. Finally, Verity & Verity LLC acquired a new stake in Fidelity National Information Services during the 3rd quarter worth approximately $7,096,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 775 shares of the company’s stock in a transaction on Monday, April 15th. The shares were bought at an average cost of $72.37 per share, with a total value of $56,086.75. Following the completion of the acquisition, the director now owns 9,052 shares of the company’s stock, valued at $655,093.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FIS. JPMorgan Chase & Co. lifted their price target on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. The Goldman Sachs Group started coverage on shares of Fidelity National Information Services in a research report on Thursday, February 29th. They set a “buy” rating and a $84.00 price target for the company. Robert W. Baird lowered Fidelity National Information Services from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $76.00 to $78.00 in a research report on Wednesday, March 13th. Morgan Stanley boosted their price objective on Fidelity National Information Services from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Finally, Truist Financial raised their target price on Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.59.

Fidelity National Information Services Price Performance

FIS opened at $70.73 on Friday. The company has a market capitalization of $40.77 billion, a P/E ratio of -6.29, a PEG ratio of 0.88 and a beta of 0.97. The company has a 50-day moving average of $69.22 and a 200-day moving average of $61.34. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $74.75.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. 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 prior year, the firm earned $1.71 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Equities analysts expect that Fidelity National Information Services, Inc. will post 4.66 EPS for the current fiscal year.

Fidelity National Information Services announced that its Board of Directors has initiated a stock repurchase program on Monday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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 paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.04%. The ex-dividend date was Thursday, March 7th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -12.81%.

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.