Northern Trust Corp Has $492.54 Million Stock Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• Northern Trust Corp has reduced its stake in Fidelity National Information Services by 4.8%, now holding 6,595,269 shares valued at approximately $492.54 million.
• Several institutional investors, including Goldman Sachs and Invesco, have increased their holdings in Fidelity National Information Services during the first quarter of the year.
• The company announced a quarterly dividend of $0.40 per share, representing an annualized yield of 2.3%, with the ex-dividend date set for September 10th.

Northern Trust Corp lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,595,269 shares of the information technology services provider's stock after selling 330,555 shares during the quarter. Northern Trust Corp owned 1.26% of Fidelity National Information Services worth $492,535,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FIS. Brighton Jones LLC bought a new stake in shares of Fidelity National Information Services in the 4th quarter worth about $347,000. MML Investors Services LLC increased its position in shares of Fidelity National Information Services by 15.7% in the 4th quarter. MML Investors Services LLC now owns 41,186 shares of the information technology services provider's stock worth $3,327,000 after purchasing an additional 5,587 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Fidelity National Information Services by 45.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 41,079 shares of the information technology services provider's stock worth $3,318,000 after purchasing an additional 12,918 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Fidelity National Information Services by 3.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 21,656 shares of the information technology services provider's stock worth $1,750,000 after purchasing an additional 634 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its position in shares of Fidelity National Information Services by 70.3% during the 4th quarter. OneDigital Investment Advisors LLC now owns 20,845 shares of the information technology services provider's stock valued at $1,684,000 after buying an additional 8,603 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded down $0.6590 during trading on Monday, reaching $71.1010. The company had a trading volume of 342,025 shares, compared to its average volume of 3,600,235. The firm's fifty day moving average is $77.82 and its 200 day moving average is $75.97. The firm has a market capitalization of $37.14 billion, a PE ratio of 395.13 and a beta of 1.04. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting the consensus estimate of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the business earned $1.36 earnings per share. The business's quarterly revenue was up 5.1% on a year-over-year basis. Fidelity National Information Services has set its Q3 2025 guidance at 1.460-1.500 EPS. FY 2025 guidance at 5.720-5.800 EPS. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 2.3%. Fidelity National Information Services's dividend payout ratio is currently 888.89%.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. Truist Financial boosted their price objective on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Robert W. Baird boosted their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada lowered their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Finally, UBS Group lowered their price objective on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $91.63.

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.