Fidelity National Information Servcs Inc (NYSE:FIS) Shares Acquired by Cigna Investments Inc. New

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIS. Norges Bank acquired a new stake in Fidelity National Information Servcs in the 4th quarter valued at $785,947,000. Point72 Asset Management L.P. increased its holdings in Fidelity National Information Servcs by 137.8% in the 4th quarter. Point72 Asset Management L.P. now owns 2,075,158 shares of the information technology services provider’s stock valued at $288,634,000 after purchasing an additional 1,202,351 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Fidelity National Information Servcs by 14.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,175,589 shares of the information technology services provider’s stock valued at $719,873,000 after purchasing an additional 672,742 shares in the last quarter. CI Investments Inc. increased its holdings in Fidelity National Information Servcs by 470.8% in the 4th quarter. CI Investments Inc. now owns 789,409 shares of the information technology services provider’s stock valued at $109,799,000 after purchasing an additional 651,121 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Fidelity National Information Servcs by 13.4% in the 1st quarter. Bank of New York Mellon Corp now owns 5,122,739 shares of the information technology services provider’s stock valued at $623,131,000 after purchasing an additional 604,453 shares in the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.

NYSE FIS traded down $0.34 during trading hours on Friday, reaching $136.16. The company’s stock had a trading volume of 1,893,985 shares, compared to its average volume of 4,060,626. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.39. The business has a 50-day simple moving average of $126.46 and a 200 day simple moving average of $135.33. Fidelity National Information Servcs Inc has a 52 week low of $91.68 and a 52 week high of $158.21. The stock 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 (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the company posted $1.16 earnings per share. Fidelity National Information Servcs’s revenue was up 49.6% on a year-over-year basis. As a group, equities analysts predict that Fidelity National Information Servcs Inc will post 5.44 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $0.35 dividend. The ex-dividend date 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 is currently 24.96%.

FIS has been the subject of several recent research reports. Wells Fargo & Co lowered their price target on Fidelity National Information Servcs from $175.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Cantor Fitzgerald increased their price target on Fidelity National Information Servcs from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, February 14th. UBS Group lowered their target price on Fidelity National Information Servcs from $146.00 to $142.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. SunTrust Banks raised their target price on Fidelity National Information Servcs from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Rosenblatt Securities began coverage on Fidelity National Information Servcs in a research note on Friday, March 27th. They set a “buy” rating and a $140.00 target price for the company. Five 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. The company currently has a consensus rating of “Buy” and an average price target of $151.88.

Fidelity National Information Servcs Profile

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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