Northern Trust Corp lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,776,232 shares of the information technology services provider’s stock after purchasing an additional 11,426 shares during the period. Northern Trust Corp owned about 1.14% of Fidelity National Information Services worth $322,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in shares of Fidelity National Information Services by 10.5% in the 2nd quarter. BlackRock Inc. now owns 23,234,161 shares of the information technology services provider’s stock valued at $1,984,199,000 after purchasing an additional 2,208,363 shares during the period. Vanguard Group Inc. lifted its stake in shares of Fidelity National Information Services by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 21,818,241 shares of the information technology services provider’s stock valued at $1,737,168,000 after purchasing an additional 745,789 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Fidelity National Information Services by 4.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 18,370,281 shares of the information technology services provider’s stock valued at $1,462,643,000 after purchasing an additional 845,325 shares during the period. State Street Corp lifted its stake in shares of Fidelity National Information Services by 1.9% in the 1st quarter. State Street Corp now owns 13,111,048 shares of the information technology services provider’s stock valued at $1,043,909,000 after purchasing an additional 244,925 shares during the period. Finally, Longview Partners Guernsey LTD lifted its stake in shares of Fidelity National Information Services by 4.7% in the 2nd quarter. Longview Partners Guernsey LTD now owns 9,504,642 shares of the information technology services provider’s stock valued at $811,696,000 after purchasing an additional 428,628 shares during the period. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Several brokerages recently commented on FIS. Zacks Investment Research lowered shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Cowen and Company reissued an “outperform” rating and issued a $92.00 price target (up previously from $90.00) on shares of Fidelity National Information Services in a report on Monday, July 10th. Barclays PLC reissued an “overweight” rating and issued a $102.00 price target (up previously from $94.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. BidaskClub raised shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $94.00 price target (up previously from $92.00) on shares of Fidelity National Information Services in a report on Friday, June 16th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Fidelity National Information Services has an average rating of “Buy” and a consensus price target of $92.87.

TRADEMARK VIOLATION WARNING: This piece was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/09/22/northern-trust-corp-has-322-49-million-position-in-fidelity-national-information-services-inc-fis.html.

Fidelity National Information Services, Inc. (NYSE FIS) traded up 0.25% during midday trading on Friday, hitting $92.95. 35,808 shares of the stock were exchanged. The stock has a market cap of $30.90 billion, a P/E ratio of 46.59 and a beta of 0.84. Fidelity National Information Services, Inc. has a one year low of $73.25 and a one year high of $93.73. The firm has a 50-day moving average price of $91.46 and a 200-day moving average price of $86.04.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the company earned $0.90 earnings per share. Fidelity National Information Services’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post $4.28 EPS for the current fiscal year.

Fidelity National Information Services declared that its Board of Directors has authorized a share repurchase plan on Wednesday, August 2nd that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the information technology services provider to reacquire up to 13.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio is currently 58.00%.

In other news, Director Frank R. Martire sold 400,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $90.34, for a total value of $36,136,000.00. Following the completion of the transaction, the director now owns 202,517 shares in the company, valued at $18,295,385.78. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director James B. Stallings, Jr. sold 2,181 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $90.32, for a total value of $196,987.92. Following the completion of the transaction, the director now owns 12,317 shares of the company’s stock, valued at approximately $1,112,471.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 520,549 shares of company stock valued at $47,224,679. Company insiders own 2.66% of the company’s stock.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

Receive News & Ratings for Fidelity National Information Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.