Harbour Investments Inc. Sells 242 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Harbour Investments Inc. lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,170 shares of the information technology services provider’s stock after selling 242 shares during the quarter. Harbour Investments Inc.’s holdings in Fidelity National Information Services were worth $1,629,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 159 shares during the last quarter. R Squared Ltd bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $30,000. Morse Asset Management Inc bought a new position in shares of Fidelity National Information Services during the third quarter valued at approximately $37,000. OFI Invest Asset Management bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $40,000. Finally, Grove Bank & Trust raised its holdings in shares of Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 399 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Up 2.0 %

NYSE FIS opened at $72.33 on Tuesday. The stock has a market cap of $38.31 billion, a P/E ratio of 27.71, a P/E/G ratio of 1.23 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The stock’s fifty day moving average price is $75.15 and its 200-day moving average price is $81.63.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the prior year, the company earned $0.94 EPS. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.21%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of recent analyst reports. Stephens decreased their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their target price on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Barclays decreased their target price on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. BNP Paribas cut Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. Finally, Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Information Services presently has an average rating of “Hold” and an average price target of $88.65.

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.