Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 35.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,641,894 shares of the information technology services provider’s stock after acquiring an additional 959,861 shares during the quarter. Dimensional Fund Advisors LP owned about 0.61% of Fidelity National Information Services worth $199,164,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Brown Brothers Harriman & Co. increased its holdings in Fidelity National Information Services by 83.3% in the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after buying an additional 130 shares during the period. Resources Management Corp CT ADV acquired a new position in Fidelity National Information Services in the 1st quarter worth approximately $35,000. Barrett & Company Inc. acquired a new position in Fidelity National Information Services in the 1st quarter worth approximately $27,000. AlphaMark Advisors LLC purchased a new stake in Fidelity National Information Services in the 1st quarter worth approximately $27,000. Finally, Neo Ivy Capital Management purchased a new stake in Fidelity National Information Services in the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds own 85.67% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ellen R. Alemany bought 855 shares of the business’s stock in a transaction on Tuesday, October 17th. The stock was acquired at an average cost of $53.00 per share, with a total value of $45,315.00. Following the purchase, the director now directly owns 4,598 shares of the company’s stock, valued at $243,694. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on FIS. Wolfe Research upgraded Fidelity National Information Services from a “peer perform” rating to an “outperform” rating and set a $65.00 price objective on the stock in a research report on Tuesday, October 17th. Seaport Res Ptn restated a “neutral” rating on shares of Fidelity National Information Services in a research report on Thursday, October 12th. UBS Group restated a “neutral” rating and issued a $58.00 price objective on shares of Fidelity National Information Services in a research report on Friday, October 20th. JPMorgan Chase & Co. upped their price objective on Fidelity National Information Services from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 22nd. Finally, Stephens increased their target price on Fidelity National Information Services from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.00.

Fidelity National Information Services Stock Up 1.4 %

NYSE FIS opened at $54.67 on Friday. The business has a fifty day moving average price of $53.20 and a 200 day moving average price of $55.27. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $79.32. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $32.39 billion, a P/E ratio of -1.34, a P/E/G ratio of 1.47 and a beta of 0.84.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, December 7th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -5.08%.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc provides technology solutions for financial institutions and businesses worldwide. It operates through Banking Solutions, Merchant Solutions, and Capital Market Solutions segments. The Banking Solutions segment provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; electronic funds transfer and network; card and retail payment; wealth and retirement; and item processing and output solutions.