Charles Schwab Investment Management Inc. Has $815.34 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Charles Schwab Investment Management Inc. cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,094,587 shares of the information technology services provider’s stock after selling 70,274 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.88% of Fidelity National Information Services worth $815,340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC increased its position in Fidelity National Information Services by 8.1% during the third quarter. Farther Finance Advisors LLC now owns 3,408 shares of the information technology services provider’s stock worth $285,000 after buying an additional 254 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in Fidelity National Information Services by 8.2% during the third quarter. Chicago Partners Investment Group LLC now owns 9,657 shares of the information technology services provider’s stock worth $868,000 after buying an additional 734 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Fidelity National Information Services by 89.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 630,999 shares of the information technology services provider’s stock worth $52,846,000 after buying an additional 297,266 shares during the last quarter. Intact Investment Management Inc. increased its position in Fidelity National Information Services by 9.1% during the third quarter. Intact Investment Management Inc. now owns 60,200 shares of the information technology services provider’s stock worth $5,042,000 after buying an additional 5,000 shares during the last quarter. Finally, National Pension Service increased its position in Fidelity National Information Services by 6.0% during the third quarter. National Pension Service now owns 915,480 shares of the information technology services provider’s stock worth $76,671,000 after buying an additional 52,036 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on FIS shares. Robert W. Baird increased their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Barclays lowered their price target on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Royal Bank of Canada lowered their price target on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Susquehanna downgraded Fidelity National Information Services from a “positive” rating to a “neutral” rating and lowered their price target for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. Finally, William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $88.65.

Fidelity National Information Services Stock Up 1.4 %

Shares of FIS opened at $72.11 on Tuesday. The stock has a market cap of $38.20 billion, a price-to-earnings ratio of 27.63, a P/E/G ratio of 1.23 and a beta of 1.04. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 12 month low of $66.71 and a 12 month high of $91.98. The company has a 50-day moving average price of $77.30 and a two-hundred day moving average price of $82.31.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter in the previous year, the business earned $0.94 earnings per share. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.22%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 61.30%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

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.