Barrow Hanley Mewhinney & Strauss LLC Has $749.39 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Barrow Hanley Mewhinney & Strauss LLC reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,278,077 shares of the information technology services provider's stock after selling 308,363 shares during the period. Fidelity National Information Services comprises about 2.6% of Barrow Hanley Mewhinney & Strauss LLC's investment portfolio, making the stock its 5th largest holding. Barrow Hanley Mewhinney & Strauss LLC owned 1.72% of Fidelity National Information Services worth $749,390,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Fidelity National Information Services in the fourth quarter valued at approximately $635,202,000. Raymond James Financial Inc. bought a new stake in shares of Fidelity National Information Services in the 4th quarter valued at about $451,458,000. Arrowstreet Capital Limited Partnership raised its stake in Fidelity National Information Services by 100.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock valued at $261,037,000 after buying an additional 1,616,146 shares during the period. KBC Group NV lifted its position in shares of Fidelity National Information Services by 1,390.5% in the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider's stock valued at $95,330,000 after buying an additional 1,101,072 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in Fidelity National Information Services by 922.3% during the fourth quarter. Schroder Investment Management Group now owns 671,309 shares of the information technology services provider's stock worth $54,101,000 after purchasing an additional 605,640 shares during the period. Institutional investors own 96.23% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages recently commented on FIS. Morgan Stanley reduced their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Stephens reduced their price objective on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company lowered their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Compass Point cut their price target on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada dropped their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $88.65.

Insider Activity

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Down 0.2 %

Fidelity National Information Services stock traded down $0.13 during midday trading on Thursday, hitting $75.61. 1,505,037 shares of the stock were exchanged, compared to its average volume of 3,399,215. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $40.05 billion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The business's 50-day moving average price is $74.12 and its 200-day moving average price is $80.93.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the prior year, the business earned $0.94 earnings per share. On average, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a $0.40 dividend. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.12%. Fidelity National Information Services's payout ratio is currently 61.30%.

Fidelity National Information Services 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.