Brookstone Capital Management Decreases Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Brookstone Capital Management reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,451 shares of the information technology services provider’s stock after selling 1,745 shares during the quarter. Brookstone Capital Management’s holdings in Fidelity National Information Services were worth $6,784,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. raised its stake in shares of Fidelity National Information Services by 14.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock valued at $79,000 after purchasing an additional 166 shares during the period. First Business Financial Services Inc. increased its stake in Fidelity National Information Services by 4.4% during the 3rd quarter. First Business Financial Services Inc. now owns 5,514 shares of the information technology services provider’s stock worth $305,000 after buying an additional 230 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Fidelity National Information Services by 1.2% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 19,603 shares of the information technology services provider’s stock worth $1,178,000 after buying an additional 232 shares in the last quarter. CarsonAllaria Wealth Management Ltd. boosted its position in Fidelity National Information Services by 7.5% in the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 3,397 shares of the information technology services provider’s stock valued at $204,000 after buying an additional 237 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Fidelity National Information Services by 7.5% during the fourth quarter. Blue Trust Inc. now owns 3,937 shares of the information technology services provider’s stock valued at $218,000 after acquiring an additional 275 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Down 0.3 %

Shares of NYSE:FIS opened at $75.01 on Thursday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average price is $74.54 and its 200 day moving average price is $68.46. The company has a market cap of $41.72 billion, a PE ratio of -7.34, a P/E/G ratio of 0.77 and a beta of 1.05. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $78.73.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FIS. JPMorgan Chase & Co. boosted their price target on Fidelity National Information Services from $75.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. BNP Paribas cut Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 target price for the company. in a research note on Thursday, April 11th. Bank of America raised their price target on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Barclays upped their price target on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Finally, Stephens reissued an “overweight” rating and set a $90.00 price objective on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.32.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 775 shares of the stock in a transaction on Monday, April 15th. The shares were purchased at an average price of $72.37 per share, with a total value of $56,086.75. Following the purchase, the director now owns 9,052 shares in the company, valued at $655,093.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

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.