Brookstone Capital Management, an investment firm, recently increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 6.8% in the second quarter of this year. The firm disclosed in its Form 13F filing with the Securities & Exchange Commission that it acquired an additional 4,335 shares of the information technology services provider’s stock during this period. As a result, Brookstone Capital Management now owns a total of 68,478 shares of Fidelity National Information Services, valued at $4,059,000 as of the end of the most recent quarter.
Fidelity National Information Services is a prominent company in the field of information technology services. Its comprehensive offerings include software solutions and payment processing services to various businesses and financial institutions across the globe. The company has gained attention for its consistent growth and profitability in recent years.
On August 2nd, Fidelity National Information Services announced its earnings results for the quarter. The company reported earnings per share (EPS) of $1.55, surpassing analysts’ consensus estimate of $1.48 by $0.07. This positive outcome reflects the company’s strong performance during that period.
Additionally, Fidelity National Information Services demonstrated a return on equity (ROE) of 12.54%, indicating its ability to generate profits from shareholders’ investments. However, it should be noted that the company had a negative net margin of 161.74%, which may raise concerns among investors.
The company’s revenue for the quarter was recorded at $3.75 billion, slightly exceeding analysts’ consensus estimate of $3.71 billion. This represents a modest increase of 0.7% compared to the same quarter last year.
Market analysts are forecasting that Fidelity National Information Services will achieve earnings per share (EPS) of approximately 6.02 for the current fiscal year based on observed trends and historical data.
The recent increase in holdings by Brookstone Capital Management indicates a positive outlook for Fidelity National Information Services. The investment firm’s decision to acquire additional shares reflects confidence in the company’s future growth potential and profitability.
It is worth noting that investing in the stock market involves risks, and it is important for individual investors to conduct thorough research and analysis before making any investment decisions. As always, consult with a reputable financial advisor or wealth manager to receive personalized advice tailored to your specific financial goals and risk tolerance.
In conclusion, Brookstone Capital Management’s increased holdings in Fidelity National Information Services, Inc. highlight the growing interest and confidence among investors in this information technology services provider. With its strong earnings performance and steady revenue growth, Fidelity National Information Services continues to position itself as a key player in its industry.
Tanger Factory Outlet Centers, Inc.
Updated on: 19/09/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
8:00 PM (UTC)
Date:19 September, 2023
|Analyst / firm||Rating|
Floris Van Dijkum
Investment Activity and Analyst Reports Provide Insights into Fidelity National Information Services
On September 19, 2023, it was reported that several large investors had made adjustments to their stakes in Fidelity National Information Services (FIS). BlackRock Inc. increased its position in the company by 3.0% during the first quarter, now owning over 58 million shares valued at $3.2 billion. Dodge & Cox also increased its holdings by 4.9%, and now owns over 27 million shares worth $1.5 billion. State Street Corp and Barrow Hanley Mewhinney & Strauss LLC also raised their stakes in FIS during the same period.
Furthermore, research analysts have recently issued reports on FIS’s stock. Royal Bank of Canada lowered their target price from $81 to $71, while Robert W. Baird cut their price objective from $80 to $75. Mizuho lowered their target price from $80 to $70 and set a “buy” rating on the stock, and Morgan Stanley decreased their price target from $79 to $73 but maintained an “overweight” rating for the company. However, Atlantic Securities upgraded Fidelity National Information Services from a “neutral” rating to an “overweight” rating.
In other news, Director Ellen R. Alemany purchased 760 shares of FIS’s stock in July for an average cost of $58.82 per share, bringing the total value of the transaction to approximately $44,703.20. Following this acquisition, Ellen R. Alemany now holds 3,743 shares in the company.
Shares of Fidelity National Information Services opened at $57.28 on Tuesday with a market capitalization of approximately $33.94 billion and a beta of 0.83.The company has experienced a year-long trading range between its low point of $48.57 and high point of $85.
In conclusion, these recent developments regarding investment activity and analyst reports provide valuable insights into the performance and potential of Fidelity National Information Services. It is important for investors to consider such information when making investment decisions in the financial technology sector.