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Charles Schwab Investment Management Inc. Raises Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Fidelity National Information Services logo with Business Services background

Key Points

  • Charles Schwab Investment Management Inc. increased its stake in Fidelity National Information Services by 0.3%, now owning approximately 10.1 million shares valued at $755.9 million.
  • Analysts have recently adjusted their target prices for Fidelity National Information Services, with median estimates now ranging from $82.00 to $94.00, reflecting a consensus rating of "Moderate Buy."
  • The company announced a quarterly dividend of $0.40 per share, representing an annualized yield of 2.3% and a dividend payout ratio of 888.89%.
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Charles Schwab Investment Management Inc. boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,126,213 shares of the information technology services provider's stock after purchasing an additional 31,626 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.93% of Fidelity National Information Services worth $755,928,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC grew its position in Fidelity National Information Services by 356.0% during the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after buying an additional 267 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of Fidelity National Information Services by 92.1% during the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 164 shares during the last quarter. YANKCOM Partnership grew its position in shares of Fidelity National Information Services by 118.8% during the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 190 shares during the period. Hazlett Burt & Watson Inc. grew its position in shares of Fidelity National Information Services by 179.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock valued at $29,000 after acquiring an additional 250 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of Fidelity National Information Services by 100.5% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider's stock worth $33,000 after purchasing an additional 223 shares in the last quarter. Institutional investors own 96.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FIS shares. UBS Group lowered their target price on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a research report on Wednesday. Royal Bank Of Canada lowered their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price for the company in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, Robert W. Baird lifted their price target on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.63.

Read Our Latest Stock Analysis on Fidelity National Information Services

Fidelity National Information Services Stock Up 0.2%

Shares of FIS stock opened at $70.05 on Friday. The company's fifty day simple moving average is $79.95 and its two-hundred day simple moving average is $76.80. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The stock has a market cap of $36.81 billion, a P/E ratio of 389.21 and a beta of 1.04. The company has a quick ratio of 0.63, a current ratio of 0.59 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting analysts' consensus estimates of $1.36. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the business earned $1.36 earnings per share. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. Analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. Fidelity National Information Services's dividend payout ratio (DPR) is 888.89%.

Fidelity National Information Services Company Profile

(Free Report)

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.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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