Fidelity National Information Services, Inc. (NYSE:FIS) Stake Cut by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,553,741 shares of the information technology services provider’s stock after selling 323,155 shares during the period. Fidelity National Information Services accounts for approximately 2.7% of Barrow Hanley Mewhinney & Strauss LLC’s investment portfolio, making the stock its 2nd biggest holding. Barrow Hanley Mewhinney & Strauss LLC owned about 1.90% of Fidelity National Information Services worth $795,330,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FIS. Dynamic Technology Lab Private Ltd acquired a new stake in Fidelity National Information Services in the 4th quarter worth approximately $203,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth $273,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Fidelity National Information Services by 3.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 32,612 shares of the information technology services provider’s stock valued at $1,959,000 after buying an additional 1,123 shares during the last quarter. SageView Advisory Group LLC acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $717,000. Finally, Congress Wealth Management LLC DE purchased a new position in Fidelity National Information Services in the 4th quarter worth $342,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on FIS. Keefe, Bruyette & Woods boosted their price target on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. UBS Group upped their target price on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. TD Cowen raised their price target on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Morgan Stanley cut shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective for the company. in a research note on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $81.25.

Fidelity National Information Services Trading Down 0.4 %

Shares of NYSE:FIS opened at $84.06 on Friday. The business’s 50 day moving average price is $79.19 and its 200-day moving average price is $75.54. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $85.63. The firm has a market capitalization of $46.76 billion, a price-to-earnings ratio of -8.22, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.13. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.55 earnings per share. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 719 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were bought at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the acquisition, the director now owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by company insiders.

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.