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

Brookstone Capital Management reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,847 shares of the information technology services provider’s stock after selling 1,898 shares during the period. Brookstone Capital Management’s holdings in Fidelity National Information Services were worth $7,903,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of FIS. The Manufacturers Life Insurance Company increased its stake in Fidelity National Information Services by 982.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock worth $293,560,000 after purchasing an additional 3,535,596 shares in the last quarter. Raymond James & Associates increased its position in shares of Fidelity National Information Services by 449.8% in the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after acquiring an additional 3,357,329 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Fidelity National Information Services by 1,304.8% in the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after acquiring an additional 562,154 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Fidelity National Information Services in the 2nd quarter worth approximately $40,029,000. Finally, Fernbridge Capital Management LP grew its position in Fidelity National Information Services by 67.2% during the 2nd quarter. Fernbridge Capital Management LP now owns 1,153,134 shares of the information technology services provider’s stock worth $86,900,000 after purchasing an additional 463,613 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Up 1.9 %

Fidelity National Information Services stock opened at $78.57 on Tuesday. The business’s 50-day simple moving average is $83.79 and its 200-day simple moving average is $82.25. Fidelity National Information Services, Inc. has a 52 week low of $58.24 and a 52 week high of $91.98. The firm has a market capitalization of $42.30 billion, a PE ratio of 31.30, a PEG ratio of 0.72 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the business earned $0.94 earnings per share. Fidelity National Information Services’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FIS shares. Keefe, Bruyette & Woods increased their target price on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Morgan Stanley raised their price objective on Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Mizuho upped their target price on Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Robert W. Baird raised their price target on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $92.19.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is owned by corporate 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.