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

Charles Schwab Investment Management Inc. lifted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.4% in the fourth quarter, according to the company in its most recent filing with the SEC. 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.’s holdings in Fidelity National Information Services were worth $506,753,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Fidelity National Information Services by 12.7% in the 3rd 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 acquiring an additional 6,503,451 shares during the last quarter. JANA Partners Management LP bought a new stake in Fidelity National Information Services during the 3rd quarter valued at $206,507,000. Lazard Asset Management LLC boosted its position in Fidelity National Information Services by 660.0% during the 3rd quarter. Lazard Asset Management LLC now owns 3,328,124 shares of the information technology services provider’s stock valued at $183,944,000 after buying an additional 2,890,185 shares during the period. London Co. of Virginia grew its holdings in Fidelity National Information Services by 59.4% in the 3rd quarter. London Co. of Virginia now owns 7,069,492 shares of the information technology services provider’s stock worth $390,731,000 after acquiring an additional 2,633,196 shares during the last quarter. Finally, Parnassus Investments LLC increased its position in shares of Fidelity National Information Services by 163.0% in the third quarter. Parnassus Investments LLC now owns 3,924,014 shares of the information technology services provider’s stock valued at $216,880,000 after acquiring an additional 2,432,150 shares during the period. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 5.5 %

NYSE FIS traded up $3.86 during mid-day trading on Tuesday, reaching $74.31. The stock had a trading volume of 9,539,565 shares, compared to its average volume of 4,470,815. The stock has a market cap of $41.73 billion, a PE ratio of -6.61, a price-to-earnings-growth ratio of 0.88 and a beta of 0.98. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $75.71. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.75 and a quick ratio of 0.75. The company has a fifty day moving average price of $70.79 and a 200 day moving average price of $62.91.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the previous year, the business earned $1.29 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. On average, research analysts expect that Fidelity National Information Services, Inc. will post 4.71 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business 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 $0.36 dividend. The ex-dividend date is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.94%. Fidelity National Information Services’s dividend payout ratio is presently -12.81%.

Fidelity National Information Services declared that its Board of Directors has authorized a stock buyback program on Monday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FIS. The Goldman Sachs Group initiated coverage on Fidelity National Information Services in a research report on Thursday, February 29th. They issued a “buy” rating and a $84.00 price objective on the stock. UBS Group upped their price objective on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Truist Financial boosted their price target on shares of Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. Robert W. Baird raised their price objective on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Mizuho lifted their price objective on Fidelity National Information Services from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $74.63.

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 775 shares of the business’s stock in a transaction on 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 transaction, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.68% of the stock is owned by corporate insiders.

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.