Harbour Investments Inc. Increases Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Harbour Investments Inc. lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 14.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,412 shares of the information technology services provider’s stock after purchasing an additional 2,609 shares during the period. Harbour Investments Inc.’s holdings in Fidelity National Information Services were worth $1,710,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Kennebec Savings Bank purchased a new position in Fidelity National Information Services during the third quarter worth $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $30,000. EdgeRock Capital LLC purchased a new position in shares of Fidelity National Information Services during the second quarter valued at approximately $35,000. Family Firm Inc. acquired a new stake in Fidelity National Information Services during the second quarter worth approximately $35,000. Finally, Concord Wealth Partners grew its stake in Fidelity National Information Services by 50.2% in the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 146 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $88.88 on Thursday. Fidelity National Information Services, Inc. has a 12-month low of $53.39 and a 12-month high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $47.85 billion, a price-to-earnings ratio of 35.41, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. The firm’s fifty day moving average price is $86.29 and its 200 day moving average price is $79.76.

Fidelity National Information Services (NYSE:FIS) last released its quarterly 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. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.62%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FIS shares. UBS Group raised their price objective on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. TD Cowen lifted their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Morgan Stanley boosted their target price on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Finally, Barclays increased their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.68.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, with a total value of $55,244.50. Following the acquisition, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

About Fidelity National Information Services

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.