Northern Trust Corp Boosts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Northern Trust Corp increased its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 16.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,925,824 shares of the information technology services provider's stock after acquiring an additional 982,955 shares during the quarter. Northern Trust Corp owned about 1.29% of Fidelity National Information Services worth $559,399,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FIS. Bradley Foster & Sargent Inc. CT grew its holdings in Fidelity National Information Services by 4.7% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock valued at $232,000 after buying an additional 128 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of Fidelity National Information Services by 2.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock worth $480,000 after acquiring an additional 129 shares during the last quarter. Old Port Advisors grew its stake in Fidelity National Information Services by 4.9% during the fourth quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider's stock valued at $232,000 after acquiring an additional 135 shares in the last quarter. Modera Wealth Management LLC increased its holdings in Fidelity National Information Services by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock valued at $242,000 after acquiring an additional 137 shares during the last quarter. Finally, Center for Financial Planning Inc. lifted its stake in Fidelity National Information Services by 3.8% in the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider's stock worth $303,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the acquisition, the director now owns 11,942 shares of the company's stock, valued at $860,301.68. The trade was a 7.60 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FIS. Oppenheimer raised Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a report on Wednesday, April 23rd. UBS Group decreased their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Royal Bank of Canada lowered their target price on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Morgan Stanley reduced their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Finally, Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. 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.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $89.29.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $78.55 on Wednesday. The company has a market capitalization of $41.61 billion, a P/E ratio of 30.10, a P/E/G ratio of 1.23 and a beta of 1.06. The company's 50-day simple moving average is $72.62 and its two-hundred day simple moving average is $79.37. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the company earned $0.94 EPS. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were paid a $0.40 dividend. The ex-dividend date was Tuesday, March 11th. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 2.04%. Fidelity National Information Services's dividend payout ratio is 61.30%.

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.

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