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

Harvest Fund Management Co. Ltd trimmed its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 89.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,046 shares of the information technology services provider's stock after selling 9,208 shares during the period. Harvest Fund Management Co. Ltd's holdings in Fidelity National Information Services were worth $85,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in Fidelity National Information Services by 0.9% during the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider's stock valued at $2,070,491,000 after purchasing an additional 211,787 shares in the last quarter. Boston Partners increased its stake in Fidelity National Information Services by 3.9% in the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock worth $968,326,000 after buying an additional 446,544 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Fidelity National Information Services in the fourth quarter valued at about $451,458,000. The Manufacturers Life Insurance Company grew its position in shares of Fidelity National Information Services by 13.8% during the third quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider's stock worth $371,343,000 after purchasing an additional 538,514 shares in the last quarter. Finally, FMR LLC boosted its stake in Fidelity National Information Services by 6.7% in the 3rd quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider's stock worth $234,015,000 after purchasing an additional 174,673 shares during the period. Institutional investors own 96.23% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FIS. Raymond James lowered shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and dropped their target price for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods cut their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. UBS Group decreased their target price on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley cut their price target on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Finally, Barclays lowered their target price on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $88.65.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now directly owns 11,098 shares of the company's stock, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Trading Down 0.2 %

Shares of Fidelity National Information Services stock traded down $0.15 on Tuesday, hitting $74.14. 913,768 shares of the company traded hands, compared to its average volume of 3,378,359. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a market cap of $39.27 billion, a PE ratio of 28.43, a PEG ratio of 1.23 and a beta of 1.10. The stock's 50 day moving average price is $74.67 and its 200-day moving average price is $81.33. 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 (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the business posted $0.94 earnings per share. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm 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 dividend of $0.40 per share. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.16%. Fidelity National Information Services's dividend payout ratio (DPR) is 61.30%.

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.