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

Dimensional Fund Advisors LP raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 25.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,013,537 shares of the information technology services provider's stock after purchasing an additional 1,027,466 shares during the period. Dimensional Fund Advisors LP owned 0.85% of Fidelity National Information Services worth $301,194,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FIS. Vanguard Group Inc. raised its position in shares of Fidelity National Information Services by 12.7% in the third quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider's stock valued at $3,199,306,000 after buying an additional 6,503,451 shares during the last quarter. JANA Partners Management LP purchased a new position in Fidelity National Information Services during the third quarter worth about $206,507,000. Lazard Asset Management LLC boosted its stake in Fidelity National Information Services by 660.0% during the third quarter. Lazard Asset Management LLC now owns 3,328,124 shares of the information technology services provider's stock worth $183,944,000 after buying an additional 2,890,185 shares during the period. London Co. of Virginia boosted its stake in Fidelity National Information Services by 59.4% during the third quarter. London Co. of Virginia now owns 7,069,492 shares of the information technology services provider's stock worth $390,731,000 after buying an additional 2,633,196 shares during the period. Finally, Parnassus Investments LLC boosted its stake in Fidelity National Information Services by 163.0% during the third quarter. Parnassus Investments LLC now owns 3,924,014 shares of the information technology services provider's stock worth $216,880,000 after buying an additional 2,432,150 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 775 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were acquired at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the acquisition, the director now directly owns 9,052 shares in the company, valued at approximately $655,093.24. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.68% of the company's stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded up $1.11 during trading hours on Monday, reaching $75.75. 5,599,172 shares of the company's stock were exchanged, compared to its average volume of 4,482,431. The company has a market cap of $42.14 billion, a P/E ratio of -7.41, a price-to-earnings-growth ratio of 0.76 and a beta of 0.98. The company's 50 day moving average is $71.13 and its two-hundred day moving average is $63.43. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $76.17. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.14. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The company's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 EPS. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 4.98 EPS for the current fiscal year.

Fidelity National Information Services announced that its Board of Directors has approved a share repurchase plan on Monday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to reacquire up to 1.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services's dividend payout ratio is currently -14.08%.

Wall Street Analysts Forecast Growth

FIS has been the subject of several research analyst reports. Robert W. Baird increased their target price on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. upped their target price on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the stock an "overweight" rating in a research note on Friday, February 23rd. Morgan Stanley raised their price target on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the company an "overweight" rating in a research report on Tuesday, February 27th. Mizuho upped their price objective on Fidelity National Information Services from $76.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, TD Cowen lifted their target price on Fidelity National Information Services from $70.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, May 8th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $78.11.

About Fidelity National Information Services

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.