Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Stonebrook Private Inc.

Stonebrook Private Inc. lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,424 shares of the information technology services provider’s stock after acquiring an additional 146 shares during the period. Stonebrook Private Inc.’s holdings in Fidelity National Information Services were worth $1,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. purchased a new stake in Fidelity National Information Services in the first quarter valued at $276,000. Brighton Jones LLC purchased a new stake in Fidelity National Information Services during the 4th quarter worth about $347,000. DnB Asset Management AS increased its holdings in Fidelity National Information Services by 92.9% during the 4th quarter. DnB Asset Management AS now owns 184,532 shares of the information technology services provider’s stock worth $14,905,000 after purchasing an additional 88,875 shares during the period. Ameritas Advisory Services LLC increased its holdings in Fidelity National Information Services by 269.6% during the 1st quarter. Ameritas Advisory Services LLC now owns 13,745 shares of the information technology services provider’s stock worth $1,046,000 after purchasing an additional 10,026 shares during the period. Finally, Meritage Portfolio Management increased its holdings in Fidelity National Information Services by 43.9% during the 1st quarter. Meritage Portfolio Management now owns 82,571 shares of the information technology services provider’s stock worth $6,166,000 after purchasing an additional 25,203 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 844 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was bought at an average cost of $72.04 per share, with a total value of $60,801.76. Following the transaction, the director owned 11,942 shares of the company’s stock, valued at $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Fidelity National Information Services Trading Up 0.0%

NYSE:FIS opened at $79.86 on Thursday. The stock’s 50 day moving average price is $79.81 and its 200 day moving average price is $76.94. The company has a market capitalization of $41.96 billion, a PE ratio of 52.89, a P/E/G ratio of 1.49 and a beta of 1.06. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 EPS. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.00%. Fidelity National Information Services’s payout ratio is 105.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Royal Bank Of Canada cut their price target on Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Oppenheimer upgraded Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 price target on the stock in a report on Wednesday, April 23rd. Robert W. Baird upped their price target on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a “neutral” rating in a report on Friday, April 4th. Truist Financial assumed coverage on Fidelity National Information Services in a report on Monday, June 2nd. They set a “hold” rating and a $84.00 price target on the stock. Finally, UBS Group upped their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.75.

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.