Fidelity National Information Servcs Inc (NYSE:FIS) Position Boosted by Sompo Japan Nipponkoa Asset Management CO. LTD.

Sompo Japan Nipponkoa Asset Management CO. LTD. raised its holdings in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 3.6% during the 1st quarter, HoldingsChannel reports. The fund owned 12,410 shares of the information technology services provider’s stock after purchasing an additional 430 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Fidelity National Information Servcs were worth $1,510,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FIS. Savior LLC acquired a new stake in shares of Fidelity National Information Servcs during the 4th quarter valued at about $36,000. Evolution Wealth Advisors LLC lifted its holdings in shares of Fidelity National Information Servcs by 275.6% during the 1st quarter. Evolution Wealth Advisors LLC now owns 308 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 226 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Fidelity National Information Servcs by 66.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 301 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 120 shares during the last quarter. Firestone Capital Management acquired a new stake in shares of Fidelity National Information Servcs during the 4th quarter valued at about $38,000. Finally, Pacitti Group Inc. acquired a new stake in shares of Fidelity National Information Servcs during the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

FIS has been the subject of several research reports. Cantor Fitzgerald lifted their price target on Fidelity National Information Servcs from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, February 14th. SunTrust Banks lifted their price target on Fidelity National Information Servcs from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on Fidelity National Information Servcs from $136.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Rosenblatt Securities initiated coverage on Fidelity National Information Servcs in a report on Friday, March 27th. They issued a “buy” rating and a $140.00 target price for the company. Finally, Berenberg Bank boosted their target price on Fidelity National Information Servcs from $171.00 to $194.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Fidelity National Information Servcs presently has an average rating of “Buy” and an average price target of $151.88.

Shares of Fidelity National Information Servcs stock traded down $0.34 during trading hours on Friday, hitting $136.16. The company’s stock had a trading volume of 1,893,985 shares, compared to its average volume of 4,060,626. Fidelity National Information Servcs Inc has a 12 month low of $91.68 and a 12 month high of $158.21. The stock has a 50 day moving average of $126.46 and a 200 day moving average of $135.33. The company has a market capitalization of $84.33 billion, a PE ratio of 261.85, a price-to-earnings-growth ratio of 1.87 and a beta of 0.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.05 and a quick ratio of 1.05.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Thursday, May 7th. The information technology services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.01. Fidelity National Information Servcs had a return on equity of 7.89% and a net margin of 1.45%. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the prior year, the company earned $1.16 earnings per share. The company’s revenue for the quarter was up 49.6% compared to the same quarter last year. Equities analysts expect that Fidelity National Information Servcs Inc will post 5.44 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $0.35 dividend. The ex-dividend date is Thursday, June 11th. This represents a $1.40 annualized dividend and a dividend yield of 1.03%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is currently 24.96%.

Fidelity National Information Servcs Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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Institutional Ownership by Quarter for Fidelity National Information Servcs (NYSE:FIS)

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