Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 977,893 shares of the information technology services provider's stock after selling 73,860 shares during the period. Russell Investments Group Ltd. owned approximately 0.17% of Fidelity National Information Services worth $59,077,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FIS. Vanguard Group Inc. raised its holdings in Fidelity National Information Services by 12.7% during the 3rd quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider's stock worth $3,199,306,000 after buying an additional 6,503,451 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Fidelity National Information Services by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,498,166 shares of the information technology services provider's stock valued at $458,850,000 after acquiring an additional 33,881 shares during the period. Northern Trust Corp lifted its position in shares of Fidelity National Information Services by 10.6% in the 3rd quarter. Northern Trust Corp now owns 7,423,200 shares of the information technology services provider's stock valued at $410,280,000 after acquiring an additional 708,947 shares in the last quarter. London Co. of Virginia grew its position in Fidelity National Information Services by 59.4% during the 3rd quarter. London Co. of Virginia now owns 7,069,492 shares of the information technology services provider's stock worth $390,731,000 after purchasing an additional 2,633,196 shares in the last quarter. Finally, Baupost Group LLC MA raised its stake in Fidelity National Information Services by 2.7% during the 3rd quarter. Baupost Group LLC MA now owns 6,960,219 shares of the information technology services provider's stock valued at $384,691,000 after purchasing an additional 185,219 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FIS. Morgan Stanley raised their target price on Fidelity National Information Services from $73.00 to $77.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 27th. Evercore ISI raised their price objective on Fidelity National Information Services from $58.00 to $62.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 26th. BNP Paribas downgraded Fidelity National Information Services from an "outperform" rating to a "neutral" rating and set a $72.00 target price on the stock. in a report on Thursday, April 11th. Mizuho raised their price target on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday, February 28th. Finally, Bank of America boosted their price objective on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the company a "buy" rating in a research report on Tuesday, April 16th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $71.69.

Fidelity National Information Services Price Performance

FIS stock traded down $0.16 during mid-day trading on Monday, hitting $69.44. The stock had a trading volume of 3,458,922 shares, compared to its average volume of 4,414,998. The firm has a fifty day simple moving average of $70.04 and a 200 day simple moving average of $62.01. The firm has a market capitalization of $40.03 billion, a P/E ratio of -6.19, a P/E/G ratio of 0.88 and a beta of 0.97. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $74.75. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.01). Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business posted $1.71 earnings per share. The business's revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts forecast that Fidelity National Information Services, Inc. will post 4.66 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Monday, June 10th. Fidelity National Information Services's payout ratio is -12.81%.

Fidelity National Information Services declared that its board has approved a share repurchase plan on Monday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the business's stock in a transaction on Monday, April 15th. The shares were purchased at an average cost of $72.37 per share, with a total value of $56,086.75. Following the acquisition, the director now directly owns 9,052 shares of the company's stock, valued at $655,093.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.56% of the stock is owned by 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.