Vanguard Personalized Indexing Management LLC Raises Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Vanguard Personalized Indexing Management LLC raised its position in Fidelity National Information Services, Inc. (NYSE:FISFree Report) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,603 shares of the information technology services provider’s stock after buying an additional 232 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Fidelity National Information Services were worth $1,178,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake 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 worth $3,199,306,000 after acquiring an additional 6,503,451 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Fidelity National Information Services by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,619,320 shares of the information technology services provider’s stock valued at $506,753,000 after purchasing an additional 121,154 shares in the last quarter. Northern Trust Corp boosted its stake in Fidelity National Information Services by 10.6% during the 3rd quarter. Northern Trust Corp now owns 7,423,200 shares of the information technology services provider’s stock worth $410,280,000 after purchasing an additional 708,947 shares during the last quarter. London Co. of Virginia grew its holdings in shares of 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 in the last quarter. Finally, Baupost Group LLC MA raised its position in shares of Fidelity National Information Services by 2.7% in the third quarter. Baupost Group LLC MA now owns 6,960,219 shares of the information technology services provider’s stock valued at $384,691,000 after buying an additional 185,219 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 775 shares of the stock in a transaction dated Monday, April 15th. The stock was acquired at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of the purchase, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FIS shares. TD Cowen boosted their price target on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Barclays upped their price target on Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. Royal Bank of Canada lifted their price objective on Fidelity National Information Services from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. BNP Paribas lowered Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research note on Thursday, April 11th. Finally, Stephens reaffirmed an “overweight” rating and issued a $90.00 target price on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.11.

Check Out Our Latest Stock Analysis on FIS

Fidelity National Information Services Trading Up 1.0 %

NYSE:FIS opened at $78.36 on Friday. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $78.56. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. The company has a 50 day moving average price of $71.89 and a 200 day moving average price of $64.33.

Fidelity National Information Services (NYSE:FISGet Free Report) last released its quarterly earnings results 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 positive return on equity of 13.91% and a negative net margin of 54.14%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the prior year, the firm earned $1.29 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current fiscal year.

Fidelity National Information Services declared that its board has approved a stock buyback program on Monday, February 26th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the information technology services provider to repurchase up to 1.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

About Fidelity National Information Services

(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.

Further Reading

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

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