Brooklyn FI LLC Acquires Shares of 5,865 Fidelity National Information Services, Inc. (NYSE:FIS)

Brooklyn FI LLC bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,865 shares of the information technology services provider's stock, valued at approximately $505,000.

Several other large investors have also recently made changes to their positions in FIS. R Squared Ltd purchased a new stake in Fidelity National Information Services during the 4th quarter valued at about $30,000. OFI Invest Asset Management bought a new position in shares of Fidelity National Information Services in the fourth quarter worth approximately $40,000. CoreCap Advisors LLC grew its holdings in shares of Fidelity National Information Services by 877.6% during the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock valued at $46,000 after buying an additional 509 shares during the last quarter. Avion Wealth increased its position in shares of Fidelity National Information Services by 503.0% during the fourth quarter. Avion Wealth now owns 609 shares of the information technology services provider's stock valued at $49,000 after acquiring an additional 508 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in Fidelity National Information Services by 139.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock worth $51,000 after acquiring an additional 371 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Compass Point reduced their target price on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. UBS Group increased their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Royal Bank of Canada decreased their target price on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Stephens raised their price target on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $91.11.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded up $1.21 during mid-day trading on Friday, reaching $79.48. 5,576,856 shares of the company's stock traded hands, compared to its average volume of 3,486,580. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $41.76 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The firm has a 50 day moving average price of $76.05 and a two-hundred day moving average price of $77.76.

Fidelity National Information Services (NYSE:FIS - Get Free Report) 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, beating the consensus estimate of $1.20 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. Fidelity National Information Services's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.33 earnings per share. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is 105.96%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 844 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average price of $72.04 per share, with a total value of $60,801.76. Following the acquisition, the director now owns 11,942 shares of the company's stock, valued at approximately $860,301.68. This represents a 7.60% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by company 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.