Schwab Charles Investment Management Inc. grew its position in Fidelity National Information Servcs Inc (NYSE:FIS) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,254,530 shares of the information technology services provider’s stock after purchasing an additional 38,699 shares during the period. Schwab Charles Investment Management Inc. owned about 0.38% of Fidelity National Information Servcs worth $133,018,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of FIS. State Treasurer State of Michigan raised its holdings in shares of Fidelity National Information Servcs by 0.4% in the second quarter. State Treasurer State of Michigan now owns 112,606 shares of the information technology services provider’s stock valued at $11,940,000 after buying an additional 500 shares during the last quarter. Quantitative Systematic Strategies LLC raised its holdings in Fidelity National Information Servcs by 136.9% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 39,149 shares of the information technology services provider’s stock worth $4,151,000 after purchasing an additional 22,622 shares during the last quarter. ST Germain D J Co. Inc. bought a new stake in Fidelity National Information Servcs during the 2nd quarter worth about $204,000. Eagle Asset Management Inc. raised its holdings in Fidelity National Information Servcs by 13.2% during the 2nd quarter. Eagle Asset Management Inc. now owns 4,140 shares of the information technology services provider’s stock worth $438,000 after purchasing an additional 482 shares during the last quarter. Finally, Greenleaf Trust bought a new stake in Fidelity National Information Servcs during the 2nd quarter worth about $211,000. Institutional investors own 86.95% of the company’s stock.

Shares of FIS stock opened at $107.10 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $35.14 billion, a PE ratio of 24.23, a P/E/G ratio of 1.70 and a beta of 0.89. Fidelity National Information Servcs Inc has a one year low of $88.97 and a one year high of $109.95.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Tuesday, July 31st. The information technology services provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.02. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Fidelity National Information Servcs had a return on equity of 15.42% and a net margin of 16.59%. Fidelity National Information Servcs’s revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 EPS. sell-side analysts expect that Fidelity National Information Servcs Inc will post 5.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a $0.32 dividend. The ex-dividend date is Thursday, September 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.20%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 28.96%.

Several brokerages have weighed in on FIS. Wolfe Research began coverage on Fidelity National Information Servcs in a report on Tuesday, July 17th. They set an “outperform” rating for the company. Zacks Investment Research cut Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Oppenheimer boosted their price objective on Fidelity National Information Servcs from $105.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, May 9th. Credit Suisse Group boosted their price objective on Fidelity National Information Servcs from $113.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, May 9th. Finally, Cantor Fitzgerald boosted their price objective on Fidelity National Information Servcs to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, August 1st. Three 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 company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $114.55.

In other news, Director David K. Hunt sold 17,922 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $106.38, for a total value of $1,906,542.36. Following the completion of the sale, the director now directly owns 24,989 shares of the company’s stock, valued at approximately $2,658,329.82. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Lenore D. Williams sold 4,285 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $106.00, for a total value of $454,210.00. Following the completion of the sale, the executive vice president now directly owns 4,999 shares of the company’s stock, valued at $529,894. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,542 shares of company stock valued at $3,145,184. 2.08% of the stock is currently owned by company insiders.

About Fidelity National Information Servcs

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

Further Reading: Fundamental Analysis and Individual Investors

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

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