Brookstone Capital Management decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 1.9% in 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 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in FIS. Larson Financial Group LLC boosted its stake in Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 159 shares in the last quarter. Kennebec Savings Bank bought a new position in shares of Fidelity National Information Services during the third quarter valued at $28,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Fidelity National Information Services in the 2nd quarter worth about $30,000. Concord Wealth Partners increased its position in shares of Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 146 shares in the last quarter. Finally, Morse Asset Management Inc bought a new position in Fidelity National Information Services during the 3rd quarter valued at about $37,000. 96.23% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on FIS shares. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Mizuho raised their price target 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. Jefferies Financial Group increased their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, TD Cowen increased their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.19.
Fidelity National Information Services Trading Up 1.9 %
FIS opened at $78.57 on Tuesday. The firm’s fifty day moving average is $83.79 and its two-hundred day moving average is $82.25. The firm has a market cap of $42.30 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. Fidelity National Information Services, Inc. has a twelve month low of $58.24 and a twelve month high of $91.98. 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 – Get Free Report) last posted its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping 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 firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.
Fidelity National Information Services Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a dividend of $0.36 per share. The ex-dividend date was Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.83%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 57.37%.
Insider Buying and Selling at Fidelity National Information Services
In other news, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.
About Fidelity National Information Services
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.
Further Reading
- Five stocks we like better than Fidelity National Information Services
- How to Capture the Benefits of Dividend Increases
- 2 Stocks to Gain From Trump Universal Tariffs on Critical Imports
- What is the Shanghai Stock Exchange Composite Index?
- Rigetti Computing, Inc.: Buy, Sell, or Hold for 2025
- How to trade using analyst ratings
- Delta Can Fly to New Highs in 2025; Here’s Why
Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Services, Inc. (NYSE:FIS – Free Report).
Receive News & Ratings for Fidelity National Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services and related companies with MarketBeat.com's FREE daily email newsletter.