Meiji Yasuda Life Insurance Co significantly increased its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 87.8% during the fourth quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The insurance company now owns 9,430 shares of the information technology services provider’s stock, valued at $762,000.
Other institutional investors have also recently adjusted their holdings in Fidelity National Information Services. R Squared Ltd established a new position in the company’s shares worth approximately $30,000, while OFI Invest Asset Management purchased a new stake valued at around $40,000. Grove Bank & Trust more than quadrupled its stake, increasing its holdings by 341.0% to own 516 shares worth $42,000. Sound Income Strategies LLC boosted its position by 70.2%, now owning 606 shares valued at $49,000. Avion Wealth significantly increased its stake by 503.0%, holding 609 shares worth $49,000.
Institutional investors collectively own 96.23% of Fidelity National Information Services’ stock. The company’s shares opened at $78.94 on Friday, with a market capitalization of $41.81 billion. Fidelity National Information Services has a price-to-earnings ratio of 30.25 and a debt-to-equity ratio of 0.62.
Recent Financial Highlights
Fidelity National Information Services reported earnings per share (EPS) of $1.40 for the quarter ending February 11th, surpassing the consensus estimate of $1.35. The company achieved a return on equity of 17.30% and a net margin of 14.54%. For the current year, analysts expect the company to post EPS of 5.74.
Dividend Announcement
The company declared a quarterly dividend of $0.40 per share, payable on June 24th to investors of record on June 10th. This represents an annualized dividend of $1.60 and a yield of 2.03%. Fidelity National Information Services’ payout ratio stands at 61.30%.
Insider Activity and Analyst Ratings
Director Jeffrey A. Goldstein purchased 844 shares at an average price of $72.04, increasing his holdings to 11,942 shares valued at $860,301.68. Several analysts have issued ratings for FIS shares, with Oppenheimer upgrading its rating to ‘outperform’ and setting a $94.00 price target. The consensus among analysts is a ‘Moderate Buy’ rating with a target price of $89.29.
