Stonebrook Private Inc. Buys Shares of 23,446 Fidelity National Information Services, Inc. (NYSE:FIS)

Stonebrook Private Inc. acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,446 shares of the information technology services provider’s stock, valued at approximately $1,964,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Linden Thomas Advisory Services LLC purchased a new position in Fidelity National Information Services during the 2nd quarter valued at about $1,253,000. CENTRAL TRUST Co increased its stake in Fidelity National Information Services by 757.9% during the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after buying an additional 10,452 shares during the period. SG Americas Securities LLC lifted its holdings in Fidelity National Information Services by 572.2% during the 2nd quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock worth $16,775,000 after buying an additional 189,484 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Fidelity National Information Services by 1.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock valued at $60,300,000 after buying an additional 11,655 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Fidelity National Information Services by 51.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider’s stock worth $6,344,000 after acquiring an additional 25,701 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey A. Goldstein purchased 626 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average cost of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. The trade was a 6.41 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FIS shares. Deutsche Bank Aktiengesellschaft boosted their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Jefferies Financial Group upped their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Morgan Stanley lifted their price target on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. TD Cowen lifted 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 research report on Tuesday, November 5th. Finally, Royal Bank of Canada upped their price objective on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average price target of $91.50.

Fidelity National Information Services Price Performance

Shares of FIS opened at $86.08 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average is $86.96 and its two-hundred day moving average is $80.60. Fidelity National Information Services, Inc. has a twelve month low of $54.65 and a twelve month high of $91.98. The firm has a market capitalization of $46.34 billion, a PE ratio of 34.29, a P/E/G ratio of 0.73 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. Research analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s payout ratio is currently 57.37%.

Fidelity National Information Services Company 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.