Newbrook Capital Advisors LP Sells 315,565 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Newbrook Capital Advisors LP decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 48.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 332,867 shares of the information technology services provider’s stock after selling 315,565 shares during the period. Fidelity National Information Services accounts for about 3.4% of Newbrook Capital Advisors LP’s portfolio, making the stock its 14th biggest holding. Newbrook Capital Advisors LP owned approximately 0.06% of Fidelity National Information Services worth $26,886,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Czech National Bank raised its position in shares of Fidelity National Information Services by 5.0% during the 4th quarter. Czech National Bank now owns 116,726 shares of the information technology services provider’s stock valued at $9,428,000 after buying an additional 5,589 shares in the last quarter. Capital Investment Advisors LLC raised its position in Fidelity National Information Services by 5.3% during the fourth quarter. Capital Investment Advisors LLC now owns 3,054 shares of the information technology services provider’s stock valued at $247,000 after purchasing an additional 155 shares during the period. Wedmont Private Capital lifted its stake in shares of Fidelity National Information Services by 6.8% in the 4th quarter. Wedmont Private Capital now owns 3,002 shares of the information technology services provider’s stock valued at $232,000 after purchasing an additional 191 shares during the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of Fidelity National Information Services in the 4th quarter worth approximately $1,002,000. Finally, Cullen Investment Group LTD. increased its position in shares of Fidelity National Information Services by 13.7% during the 4th quarter. Cullen Investment Group LTD. now owns 42,612 shares of the information technology services provider’s stock valued at $3,442,000 after purchasing an additional 5,146 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services 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 purchased at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the purchase, the director now owns 11,942 shares of the company’s stock, valued at $860,301.68. This trade represents a 7.60% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. 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 note on Monday, April 21st. Wells Fargo & Company reduced their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Oppenheimer upgraded Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 target price for the company in a research report on Wednesday, April 23rd. Royal Bank of Canada reduced 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. Finally, UBS Group boosted their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus price target of $91.11.

Fidelity National Information Services Stock Down 1.5%

Fidelity National Information Services stock opened at $77.70 on Wednesday. The stock has a 50-day simple moving average of $74.18 and a 200-day simple moving average of $78.55. The company has a market capitalization of $40.82 billion, a P/E ratio of 29.77, a PEG ratio of 1.23 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating 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 company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the business posted $1.33 earnings per share. Fidelity National Information Services’s quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.06%. Fidelity National Information Services’s dividend payout ratio is currently 105.96%.

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.