Dimensional Fund Advisors LP Increases Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Dimensional Fund Advisors LP lifted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 5.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 5,251,434 shares of the information technology services provider’s stock after buying an additional 249,678 shares during the period. Dimensional Fund Advisors LP owned 0.94% of Fidelity National Information Services worth $395,729,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FIS. Rise Advisors LLC purchased a new position in shares of Fidelity National Information Services during the first quarter valued at approximately $29,000. Delta Asset Management LLC TN raised its stake in Fidelity National Information Services by 600.0% during the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 450 shares during the period. EdgeRock Capital LLC purchased a new position in Fidelity National Information Services during the second quarter worth approximately $35,000. Family Firm Inc. purchased a new position in Fidelity National Information Services during the second quarter worth approximately $35,000. Finally, Palisade Asset Management LLC purchased a new position in Fidelity National Information Services during the first quarter worth approximately $37,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $85.03 on Tuesday. The firm has a market cap of $46.39 billion, a P/E ratio of -8.31, a P/E/G ratio of 0.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $85.26. The firm has a fifty day moving average of $78.43 and a two-hundred day moving average of $75.16.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.13. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $1.55 EPS. As a group, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.69%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 719 shares of Fidelity National Information Services stock in a transaction dated Monday, July 15th. The shares were bought at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the transaction, the director now owns 9,771 shares in the company, valued at approximately $750,510.51. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Keefe, Bruyette & Woods increased their price target on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Barclays increased their price objective on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, TD Cowen increased their price objective on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.65.

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.