Newbrook Capital Advisors LP Trims Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Newbrook Capital Advisors LP decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 48.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 332,867 shares of the information technology services provider's stock after selling 315,565 shares during the period. Fidelity National Information Services makes up approximately 3.4% of Newbrook Capital Advisors LP's holdings, making the stock its 14th largest holding. Newbrook Capital Advisors LP owned approximately 0.06% of Fidelity National Information Services worth $26,886,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in shares of Fidelity National Information Services in the fourth quarter worth about $2,593,000. Raymond James Financial Inc. bought a new stake in Fidelity National Information Services during the 4th quarter valued at approximately $451,458,000. Avanza Fonder AB bought a new stake in Fidelity National Information Services during the 4th quarter valued at approximately $3,227,000. Princeton Global Asset Management LLC purchased a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $2,313,000. Finally, Csenge Advisory Group lifted its holdings in shares of Fidelity National Information Services by 44.4% during the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider's stock valued at $1,086,000 after purchasing an additional 4,134 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Compass Point decreased their price objective on shares of 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. TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a research report on Monday, April 21st. Robert W. Baird boosted their price objective on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research report on Friday, April 4th. UBS Group upped their target price on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective for the company in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Fidelity National Information Services presently has a consensus rating of "Moderate Buy" and an average price target of $91.11.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was acquired at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. This represents a 7.60% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Trading Up 1.3%

FIS stock traded up $1.04 during mid-day trading on Friday, reaching $79.75. The company had a trading volume of 4,884,589 shares, compared to its average volume of 3,499,626. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $41.90 billion, a PE ratio of 30.56, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The firm has a 50 day moving average of $74.69 and a 200 day moving average of $78.39. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the firm earned $1.33 EPS. The company's revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

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

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.