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

Barrow Hanley Mewhinney & Strauss LLC decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.2% in the 4th quarter, HoldingsChannel reports. The institutional investor 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 makes up about 2.6% of Barrow Hanley Mewhinney & Strauss LLC’s investment portfolio, making the stock its 5th largest position. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Fidelity National Information Services were worth $749,390,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. State Street Corp lifted its holdings in Fidelity National Information Services by 0.9% in the 3rd quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock valued at $2,070,491,000 after acquiring an additional 211,787 shares during the last quarter. Boston Partners lifted its stake in Fidelity National Information Services by 3.9% during the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock valued at $968,326,000 after purchasing an additional 446,544 shares during the last quarter. Norges Bank acquired a new position in Fidelity National Information Services in the fourth quarter worth approximately $635,202,000. Raymond James Financial Inc. bought a new position in shares of Fidelity National Information Services in the fourth quarter valued at $451,458,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Fidelity National Information Services by 100.0% during the 4th 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 acquiring an additional 1,616,146 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FIS. Compass Point cut their target price on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Barclays cut their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Stephens lowered their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Finally, Morgan Stanley reduced their target price on 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $88.65.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 701 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Stock Performance

FIS opened at $73.64 on Friday. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The firm has a market capitalization of $39.01 billion, a P/E ratio of 28.22, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. The stock’s 50 day moving average price is $74.34 and its two-hundred day moving average price is $81.11. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last announced 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 net margin of 14.54% and a return on equity of 17.30%. During the same quarter last year, the company earned $0.94 EPS. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

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.