Cigna Investments Inc. New Has $449,000 Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Cigna Investments Inc. New reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,569 shares of the information technology services provider’s stock after selling 261 shares during the quarter. Cigna Investments Inc. New’s holdings in Fidelity National Information Services were worth $449,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in FIS. Larson Financial Group LLC grew its holdings in Fidelity National Information Services by 94.1% in the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 159 shares during the last quarter. Kennebec Savings Bank bought a new stake in Fidelity National Information Services in the 3rd quarter valued at $28,000. R Squared Ltd acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $30,000. Groupama Asset Managment lifted its holdings in shares of Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 319 shares during the period. Finally, Concord Wealth Partners boosted its position in shares of Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after acquiring an additional 146 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FIS has been the subject of a number of analyst reports. Susquehanna raised their price target on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research note on Tuesday, November 5th. Compass Point began coverage on Fidelity National Information Services in a research note on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price target on the stock. Keefe, Bruyette & Woods increased their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Morgan Stanley boosted their target price on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company started coverage on shares of Fidelity National Information Services in a report on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $92.00.

Fidelity National Information Services Stock Performance

FIS stock opened at $73.13 on Wednesday. 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 twelve month low of $60.39 and a twelve month high of $91.98. The business’s fifty day moving average is $81.32 and its 200-day moving average is $82.96. The company has a market cap of $39.37 billion, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same quarter in the previous year, the company earned $0.94 EPS. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.19%. The ex-dividend date is Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction 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 acquisition, the director now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Company Profile

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.