Charles Schwab Investment Management Inc. Purchases 121,154 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Charles Schwab Investment Management Inc. raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,619,320 shares of the information technology services provider’s stock after acquiring an additional 121,154 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.45% of Fidelity National Information Services worth $506,753,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FIS. Commonwealth Equity Services LLC boosted its stake in shares of Fidelity National Information Services by 79.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 125,574 shares of the information technology services provider’s stock worth $6,941,000 after acquiring an additional 55,531 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Fidelity National Information Services by 1.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 31,489 shares of the information technology services provider’s stock valued at $1,740,000 after purchasing an additional 311 shares during the last quarter. Brown Advisory Inc. raised its position in shares of Fidelity National Information Services by 49.3% in the third quarter. Brown Advisory Inc. now owns 196,630 shares of the information technology services provider’s stock valued at $10,868,000 after purchasing an additional 64,914 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Fidelity National Information Services by 24.8% during the 3rd quarter. Mackenzie Financial Corp now owns 81,737 shares of the information technology services provider’s stock worth $4,393,000 after buying an additional 16,266 shares during the period. Finally, Baystate Wealth Management LLC raised its holdings in Fidelity National Information Services by 332.1% in 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 period. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock traded up $3.86 on Tuesday, reaching $74.31. The company’s stock had a trading volume of 9,539,565 shares, compared to its average volume of 4,470,815. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $75.71. The company has a market cap of $41.73 billion, a price-to-earnings ratio of -6.61, a PEG ratio of 0.88 and a beta of 0.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75. The business’s fifty day moving average price is $70.79 and its 200 day moving average price is $62.91.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. 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 $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. The company’s revenue was up 2.9% on a year-over-year basis. Equities analysts expect that Fidelity National Information Services, Inc. will post 4.71 earnings per share for the current fiscal year.

Fidelity National Information Services declared that its board has authorized a stock repurchase plan 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 buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -12.81%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the company’s stock in a transaction on Monday, April 15th. The stock was purchased at an average cost of $72.37 per share, with a total value of $56,086.75. Following the acquisition, the director now owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.68% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. BNP Paribas downgraded Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price target on the stock. in a research report on Thursday, April 11th. TheStreet raised Fidelity National Information Services from a “d” rating to a “c” rating in a research report on Monday, February 26th. Evercore ISI increased their price objective on Fidelity National Information Services from $75.00 to $80.00 and gave the company an “in-line” rating in a research report on Tuesday. UBS Group boosted their target price on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Finally, Bank of America raised their price target on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.63.

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.