American Century Companies Inc. Purchases 37,459 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

American Century Companies Inc. lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 94.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,010 shares of the information technology services provider’s stock after purchasing an additional 37,459 shares during the quarter. American Century Companies Inc.’s holdings in Fidelity National Information Services were worth $5,803,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Fidelity National Information Services by 19.1% in the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock worth $5,093,093,000 after purchasing an additional 11,023,109 shares during the period. FIL Ltd increased its stake in Fidelity National Information Services by 27.3% in the fourth quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock valued at $773,552,000 after acquiring an additional 2,758,049 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Fidelity National Information Services by 6.8% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider’s stock valued at $505,956,000 after acquiring an additional 537,180 shares during the last quarter. Parnassus Investments LLC increased its stake in Fidelity National Information Services by 15.3% in the fourth quarter. Parnassus Investments LLC now owns 4,522,916 shares of the information technology services provider’s stock valued at $271,692,000 after acquiring an additional 598,902 shares during the last quarter. Finally, Boston Partners increased its stake in Fidelity National Information Services by 642.7% in the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock valued at $331,047,000 after acquiring an additional 3,868,683 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of the stock in a transaction dated Monday, July 15th. The stock was purchased at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the acquisition, the director now owns 9,771 shares of the company’s stock, valued at $750,510.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FIS shares. Deutsche Bank Aktiengesellschaft increased their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Royal Bank of Canada increased their target price on Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Morgan Stanley cut Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price on the stock. in a research note on Monday, July 22nd. Barclays raised their price objective on Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Finally, TD Cowen raised their price objective on Fidelity National Information Services from $75.00 to $78.00 and gave the company 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $81.25.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $84.03 on Wednesday. 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, Inc. has a one year low of $46.91 and a one year high of $85.63. The company has a 50-day simple moving average of $79.50 and a two-hundred day simple moving average of $75.79. The firm has a market capitalization of $46.74 billion, a PE ratio of -8.21, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08.

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

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were issued a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.44 annualized dividend and a yield of 1.71%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

About Fidelity National Information Services

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.