Harvest Fund Management Co. Ltd Increases Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Harvest Fund Management Co. Ltd lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 154.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,254 shares of the information technology services provider’s stock after acquiring an additional 6,223 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Fidelity National Information Services were worth $859,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FIS. Larson Financial Group LLC grew its position in shares of Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares during the last quarter. Kennebec Savings Bank purchased a new position in shares of Fidelity National Information Services during the third quarter worth approximately $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Fidelity National Information Services during the second quarter worth $30,000. EdgeRock Capital LLC acquired a new stake in shares of Fidelity National Information Services during the second quarter worth $35,000. Finally, Family Firm Inc. acquired a new stake in shares of Fidelity National Information Services during the second quarter worth $35,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Down 2.0 %

Fidelity National Information Services stock opened at $84.39 on Tuesday. The stock has a market cap of $45.43 billion, a PE ratio of 33.62, a P/E/G ratio of 0.73 and a beta of 1.06. The stock has a 50-day moving average price of $86.95 and a 200 day moving average price of $80.77. Fidelity National Information Services, Inc. has a 52 week low of $55.24 and a 52 week high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Analyst Upgrades and Downgrades

FIS has been the subject of several recent research reports. Susquehanna increased their price target on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a report on Tuesday, November 5th. TD Cowen increased their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Bank of America increased their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft increased their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada raised their target price on Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.50.

Insider Buying and Selling

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction on Tuesday, October 15th. The stock was acquired at an average price 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 $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by company 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.