Savant Capital LLC Has $343,000 Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Savant Capital LLC boosted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,713 shares of the information technology services provider’s stock after acquiring an additional 400 shares during the quarter. Savant Capital LLC’s holdings in Fidelity National Information Services were worth $343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Fidelity National Information Services by 12.7% during 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 purchasing an additional 6,503,451 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Fidelity National Information Services by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,498,166 shares of the information technology services provider’s stock worth $458,850,000 after buying an additional 33,881 shares in the last quarter. Northern Trust Corp raised its stake in shares of Fidelity National Information Services by 10.6% in the third quarter. Northern Trust Corp now owns 7,423,200 shares of the information technology services provider’s stock valued at $410,280,000 after acquiring an additional 708,947 shares during the last quarter. London Co. of Virginia boosted its holdings in shares of 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 in the last quarter. Finally, Baupost Group LLC MA increased its holdings in Fidelity National Information Services by 2.7% during the 3rd 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 purchasing an additional 185,219 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Trading Up 1.9 %

FIS opened at $70.72 on Monday. The firm’s fifty day moving average is $70.56 and its two-hundred day moving average is $62.60. The firm has a market cap of $39.71 billion, a PE ratio of -6.29, a price-to-earnings-growth ratio of 0.88 and a beta of 0.98. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $74.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business posted $1.71 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 4.71 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a yield of 2.04%. Fidelity National Information Services’s payout ratio is -12.81%.

Fidelity National Information Services announced that its board has initiated a share buyback plan 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 purchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

FIS has been the topic of a number of recent analyst reports. 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. Robert W. Baird cut shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $76.00 to $78.00 in a research report on Wednesday, March 13th. Bank of America upped their target price on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Mizuho boosted their price objective on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, TheStreet upgraded Fidelity National Information Services from a “d” rating to a “c” rating in a research report on Monday, February 26th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.50.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 775 shares of Fidelity National Information Services stock in a transaction that occurred on Monday, April 15th. The stock was purchased at an average cost of $72.37 per share, with a total value of $56,086.75. Following the purchase, the director now owns 9,052 shares in the company, valued at $655,093.24. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Fidelity National Information Services Company Profile

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.