Dimensional Fund Advisors LP Buys 151,922 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Dimensional Fund Advisors LP boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,618,865 shares of the information technology services provider's stock after purchasing an additional 151,922 shares during the quarter. Dimensional Fund Advisors LP owned about 1.04% of Fidelity National Information Services worth $453,849,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Forum Financial Management LP bought a new position in Fidelity National Information Services during the fourth quarter worth $558,000. CANADA LIFE ASSURANCE Co lifted its stake in shares of Fidelity National Information Services by 0.7% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 484,674 shares of the information technology services provider's stock valued at $39,135,000 after buying an additional 3,145 shares during the period. Canada Pension Plan Investment Board increased its stake in Fidelity National Information Services by 5.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 336,763 shares of the information technology services provider's stock valued at $27,200,000 after acquiring an additional 17,105 shares during the period. Farringdon Capital Ltd. acquired a new position in Fidelity National Information Services in the 4th quarter valued at approximately $945,000. Finally, Marshall Wace LLP lifted its position in shares of Fidelity National Information Services by 13,947.5% in the 4th quarter. Marshall Wace LLP now owns 449,800 shares of the information technology services provider's stock worth $36,330,000 after acquiring an additional 446,598 shares during the period. 96.23% of the stock is owned by institutional investors.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares of the company's stock, valued at $860,301.68. This trade represents a 7.60 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Down 0.7 %

FIS stock traded down $0.55 during mid-day trading on Friday, hitting $79.32. 1,255,810 shares of the company were exchanged, compared to its average volume of 3,530,270. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The firm's 50 day simple moving average is $72.08 and its 200 day simple moving average is $79.58. The firm has a market cap of $42.02 billion, a P/E ratio of 30.37, a P/E/G ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping 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 previous year, the firm posted $0.94 earnings per share. On average, sell-side 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 company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a $0.40 dividend. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 annualized dividend and a yield of 2.02%. Fidelity National Information Services's payout ratio is presently 61.30%.

Analysts Set New Price Targets

Several brokerages recently commented on FIS. Citigroup raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their target price for the stock from $79.00 to $86.00 in a research report on Monday. TD Cowen raised Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a report on Monday. UBS Group lowered their price target on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Robert W. Baird upped their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a report on Friday, April 4th. Finally, Keefe, Bruyette & Woods dropped their target price on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.29.

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.