Cigna Investments Inc. New Has $2.11 Million Holdings in Fidelity National Information Servcs Inc (NYSE:FIS)

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Cigna Investments Inc. New lifted its holdings in Fidelity National Information Servcs Inc (NYSE:FIS) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,318 shares of the information technology services provider’s stock after purchasing an additional 1,000 shares during the period. Cigna Investments Inc. New’s holdings in Fidelity National Information Servcs were worth $2,107,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Savior LLC acquired a new stake in shares of Fidelity National Information Servcs in the 4th quarter valued at $36,000. Evolution Wealth Advisors LLC lifted its stake in shares of Fidelity National Information Servcs by 275.6% in the 1st quarter. Evolution Wealth Advisors LLC now owns 308 shares of the information technology services provider’s stock valued at $37,000 after purchasing an additional 226 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Fidelity National Information Servcs by 66.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 301 shares of the information technology services provider’s stock valued at $37,000 after purchasing an additional 120 shares during the last quarter. Firestone Capital Management acquired a new stake in shares of Fidelity National Information Servcs in the 4th quarter valued at $38,000. Finally, Pacitti Group Inc. acquired a new stake in shares of Fidelity National Information Servcs in the 4th quarter valued at $38,000. 89.48% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently commented on FIS. Barclays dropped their target price on shares of Fidelity National Information Servcs from $183.00 to $159.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Deutsche Bank dropped their target price on shares of Fidelity National Information Servcs from $160.00 to $148.00 and set a “hold” rating on the stock in a report on Friday, May 8th. Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Information Servcs from $142.00 to $153.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Wells Fargo & Co dropped their target price on shares of Fidelity National Information Servcs from $175.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Finally, Citigroup dropped their target price on shares of Fidelity National Information Servcs from $143.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Five investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Fidelity National Information Servcs presently has a consensus rating of “Buy” and a consensus price target of $151.88.

Shares of Fidelity National Information Servcs stock traded down $0.34 during trading on Friday, hitting $136.16. 1,893,985 shares of the company’s stock traded hands, compared to its average volume of 4,060,626. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.05 and a quick ratio of 1.05. The firm’s fifty day moving average price is $126.46 and its 200 day moving average price is $135.33. Fidelity National Information Servcs Inc has a twelve month low of $91.68 and a twelve month high of $158.21. The company has a market cap of $84.33 billion, a PE ratio of 261.85, a PEG ratio of 1.87 and a beta of 0.67.

Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Thursday, May 7th. The information technology services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.01. Fidelity National Information Servcs had a net margin of 1.45% and a return on equity of 7.89%. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the business earned $1.16 EPS. The firm’s revenue was up 49.6% on a year-over-year basis. As a group, equities research analysts anticipate that Fidelity National Information Servcs Inc will post 5.44 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.40 dividend on an annualized basis and a yield of 1.03%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 24.96%.

About Fidelity National Information Servcs

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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Institutional Ownership by Quarter for Fidelity National Information Servcs (NYSE:FIS)

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