Harrell Investment Partners LLC Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Harrell Investment Partners LLC purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,602 shares of the information technology services provider’s stock, valued at approximately $3,603,000.

A number of other large investors also recently added to or reduced their stakes in FIS. Insigneo Advisory Services LLC lifted its stake in Fidelity National Information Services by 17.6% during the second quarter. Insigneo Advisory Services LLC now owns 4,513 shares of the information technology services provider’s stock worth $329,000 after purchasing an additional 677 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of Fidelity National Information Services by 207.8% in the second quarter. APG Asset Management N.V. now owns 74,945 shares of the information technology services provider’s stock valued at $5,270,000 after acquiring an additional 50,600 shares in the last quarter. Deerfield Management Company L.P. Series C acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at $258,000. Dark Forest Capital Management LP acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at $223,000. Finally, MBB Public Markets I LLC raised its stake in shares of Fidelity National Information Services by 810.2% in the second quarter. MBB Public Markets I LLC now owns 41,349 shares of the information technology services provider’s stock valued at $3,116,000 after acquiring an additional 36,806 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $79.24 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 52-week low of $60.39 and a 52-week high of $91.98. The business’s 50-day moving average price is $82.18 and its 200 day moving average price is $82.37. The firm has a market cap of $42.66 billion, a P/E ratio of 31.57, a P/E/G ratio of 0.60 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the company posted $0.94 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. On average, equities research analysts expect that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a $0.36 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.82%. Fidelity National Information Services’s payout ratio is currently 57.37%.

Wall Street Analyst Weigh In

FIS has been the topic of several analyst reports. BNP Paribas cut Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. Stephens increased their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Susquehanna raised their price target on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods raised their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, TD Cowen raised their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and an average target price of $92.00.

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.