National Bank of Canada FI Has $62.54 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

National Bank of Canada FI boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 353.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,025,764 shares of the information technology services provider’s stock after acquiring an additional 799,303 shares during the quarter. National Bank of Canada FI’s holdings in Fidelity National Information Services were worth $62,541,000 at the end of the most recent reporting period.

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

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 775 shares of the business’s stock in a transaction on Monday, April 15th. The stock was purchased at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the transaction, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is owned by company insiders.

Fidelity National Information Services Price Performance

NYSE FIS traded up $1.29 during trading on Friday, reaching $70.72. 3,571,205 shares of the company traded hands, compared to its average volume of 3,578,831. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $74.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s 50 day moving average price is $70.56 and its two-hundred day moving average price is $62.60. The company has a market cap of $39.71 billion, a price-to-earnings ratio of -6.29, a P/E/G ratio of 0.88 and a beta of 0.98.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the company earned $1.71 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. As a group, analysts anticipate that Fidelity National Information Services, Inc. will post 4.71 EPS for the current year.

Fidelity National Information Services declared that its Board of Directors has initiated a share buyback program on Monday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s payout ratio is -12.81%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FIS shares. Robert W. Baird downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $76.00 to $78.00 in a report on Wednesday, March 13th. Bank of America raised their price target on 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. Royal Bank of Canada increased their target price on Fidelity National Information Services from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Mizuho lifted their price target on Fidelity National Information Services from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. upped their target price on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average price target of $72.50.

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.