Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Brookstone Capital Management

Brookstone Capital Management boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 99,745 shares of the information technology services provider’s stock after buying an additional 4,462 shares during the quarter. Brookstone Capital Management’s holdings in Fidelity National Information Services were worth $8,354,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FIS. Rise Advisors LLC acquired a new position in shares of Fidelity National Information Services in the 1st quarter worth $29,000. University of Texas Texas AM Investment Management Co. purchased a new position in Fidelity National Information Services in the 2nd quarter worth about $30,000. EdgeRock Capital LLC acquired a new stake in Fidelity National Information Services during the 2nd quarter worth about $35,000. Family Firm Inc. purchased a new stake in Fidelity National Information Services during the second quarter valued at about $35,000. Finally, Palisade Asset Management LLC acquired a new position in shares of Fidelity National Information Services in the first quarter worth about $37,000. Institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

FIS has been the subject of several research analyst reports. UBS Group upped their price target on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target on the stock. in a research report on Monday, July 22nd. Royal Bank of Canada lifted their target price on Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, TD Cowen increased their price target on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus target price of $81.25.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $86.37 on Thursday. The company has a market capitalization of $48.04 billion, a PE ratio of -8.44, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $86.67. The company’s fifty day moving average price is $81.12 and its 200 day moving average price is $76.77.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the company posted $1.55 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts expect that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were paid a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.67%. Fidelity National Information Services’s payout ratio is -14.08%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 719 shares of Fidelity National Information Services stock in a transaction on Monday, July 15th. The stock was purchased at an average cost of $76.81 per share, with a total value of $55,226.39. Following the acquisition, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by insiders.

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.