Fidelity National Information Services, Inc. (NYSE:FIS) Stake Lowered by Cigna Investments Inc. New

Cigna Investments Inc. New decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 5.1% during the second quarter, Holdings Channel reports. The fund owned 12,775 shares of the information technology services provider’s stock after selling 693 shares during the period. Cigna Investments Inc. New’s holdings in Fidelity National Information Services were worth $1,091,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in FIS. Guardian Life Insurance Co. of America increased its position in Fidelity National Information Services by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,266 shares of the information technology services provider’s stock worth $101,000 after buying an additional 9 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its position in Fidelity National Information Services by 3.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,301 shares of the information technology services provider’s stock worth $104,000 after buying an additional 45 shares in the last quarter. Financial Architects Inc increased its position in Fidelity National Information Services by 0.7% in the first quarter. Financial Architects Inc now owns 1,327 shares of the information technology services provider’s stock worth $106,000 after buying an additional 9 shares in the last quarter. IFP Advisors Inc increased its position in Fidelity National Information Services by 6.8% in the second quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock worth $112,000 after buying an additional 84 shares in the last quarter. Finally, North Star Investment Management Corp. increased its position in Fidelity National Information Services by 5.4% in the first quarter. North Star Investment Management Corp. now owns 1,457 shares of the information technology services provider’s stock worth $116,000 after buying an additional 75 shares in the last quarter. 86.70% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services, Inc. (NYSE:FIS) opened at 89.26 on Friday. Fidelity National Information Services, Inc. has a one year low of $73.25 and a one year high of $92.78. The stock’s 50 day moving average is $88.52 and its 200 day moving average is $83.87. The firm has a market cap of $29.67 billion, a P/E ratio of 44.74 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the business posted $0.90 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts expect that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Information Services’s payout ratio is presently 58.00%.

Fidelity National Information Services announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 2nd that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the information technology services provider to buy up to 13.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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FIS has been the subject of a number of research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Fidelity National Information Services in a report on Wednesday, July 12th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $89.00 price objective on shares of Fidelity National Information Services in a report on Tuesday, May 2nd. Credit Suisse Group reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Fidelity National Information Services in a report on Thursday, April 27th. BidaskClub raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $94.00 price objective on shares of Fidelity National Information Services in a report on Monday, May 15th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Fidelity National Information Services has a consensus rating of “Buy” and a consensus target price of $92.20.

In other news, Director James B. Stallings, Jr. sold 2,181 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $90.32, for a total transaction of $196,987.92. Following the sale, the director now owns 12,317 shares in the company, valued at $1,112,471.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James B. Stallings, Jr. sold 1,000 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $85.39, for a total value of $85,390.00. Following the sale, the director now owns 14,498 shares in the company, valued at approximately $1,237,984.22. The disclosure for this sale can be found here. Insiders have sold 403,181 shares of company stock worth $36,418,378 in the last 90 days. Company insiders own 2.66% of the company’s stock.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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

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