Charles Schwab Investment Management Inc. Sells 147,802 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Charles Schwab Investment Management Inc. decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.4% in the 3rd quarter, Holdings Channel reports. The firm owned 10,164,861 shares of the information technology services provider’s stock after selling 147,802 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Fidelity National Information Services were worth $851,173,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Kennebec Savings Bank acquired a new stake in Fidelity National Information Services during the 3rd quarter worth about $28,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Fidelity National Information Services during the 2nd quarter worth approximately $30,000. Concord Wealth Partners grew its position in shares of Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after buying an additional 146 shares during the period. Family Firm Inc. bought a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at $35,000. Finally, EdgeRock Capital LLC acquired a new position in shares of Fidelity National Information Services during the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the subject of several research analyst reports. Barclays lifted their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Compass Point began coverage on Fidelity National Information Services in a report on Wednesday. They issued a “buy” rating and a $126.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Stephens increased their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Oppenheimer began coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.50.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 626 shares of Fidelity National Information Services stock in a transaction on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. The trade was a 6.41 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS stock traded down $0.89 during trading on Thursday, hitting $85.01. The company had a trading volume of 219,936 shares, compared to its average volume of 3,745,500. Fidelity National Information Services, Inc. has a 52 week low of $53.93 and a 52 week high of $91.98. The stock has a market capitalization of $45.77 billion, a price-to-earnings ratio of 34.22, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock’s 50-day moving average is $86.89 and its two-hundred day moving average is $80.46.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.94 EPS. As a group, analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

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.