Tpg Group Holdings (sbs) Advisors Lowers stake in Fidelity National Information Services (FIS)

Fidelity National Information Services (FIS) : Tpg Group Holdings (sbs) Advisors reduced its stake in Fidelity National Information Services by 33.33% during the most recent quarter end. The investment management company now holds a total of 2,739,029 shares of Fidelity National Information Services which is valued at $198.1 Million after selling 1,369,515 shares in Fidelity National Information Services , the firm said in a disclosure report filed with the SEC on May 13, 2016.Fidelity National Information Services makes up approximately 2.07% of Tpg Group Holdings (sbs) Advisors’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in FIS in the latest quarter, The investment management firm added 690,074 additional shares and now holds a total of 24,731,864 shares of Fidelity National Information Services which is valued at $1,788.4 Million. Fidelity National Information Services makes up approx 0.12% of Vanguard Group Inc’s portfolio.Shell Asset Management Co boosted its stake in FIS in the latest quarter, The investment management firm added 1,820 additional shares and now holds a total of 156,654 shares of Fidelity National Information Services which is valued at $11.3 Million. Fidelity National Information Services makes up approx 0.28% of Shell Asset Management Co’s portfolio. Allegis Investment Advisors sold out all of its stake in FIS during the most recent quarter. The investment firm sold 2,040 shares of FIS which is valued $147,512.Public Employees Retirement Association Of Colorado boosted its stake in FIS in the latest quarter, The investment management firm added 620 additional shares and now holds a total of 62,159 shares of Fidelity National Information Services which is valued at $4.1 Million. Fidelity National Information Services makes up approx 0.03% of Public Employees Retirement Association Of Colorado’s portfolio.

Fidelity National Information Services closed down -0.23 points or -0.31% at $73.68 with 21,35,954 shares getting traded on Wednesday. Post opening the session at $73.97, the shares hit an intraday low of $73.43 and an intraday high of $74.11 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Fidelity National Information Services reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.74. The company had revenue of $2181.00 million for the quarter, compared to analysts expectations of $2246.32 million. The company’s revenue was up 40.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Investors should note that on Apr 29, 2016, Fidelity National Information Services announced a cash dividend of $0.2600. The company’s management has announced Jun 14, 2016 as the ex-dividend date and fixed the record date on Jun 16, 2016. The payable date has been fixed on Jun 30, 2016.

Many Wall Street Analysts have commented on Fidelity National Information Services. Fidelity National Information Services was Upgraded by Sterne Agee CRT to ” Buy” on May 11, 2016. Fidelity National Information Services was Upgraded by Jefferies to ” Buy” on May 9, 2016. Company shares were Reiterated by Compass Point on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 78 from a previous price target of $72 .

Fidelity National Information Services Inc. is a provider of banking and payments technology consulting and outsourcing solutions. The Company operates through four segments: Financial Solutions Group provides services and software to satisfy the processing technology and outsourcing needs of its financial institution clients in North America. Payment Solutions Group provides services and software for the electronic funds transfer card processing item processing bill payment and government payments processing needs of its clients in North America. International Solutions Group offers banking applications channel solutions debit/credit/and prepaid card and merchant services wealth management services item processing and check risk management solutions to financial institutions card issuers commercial enterprises and government operations. Corporate and Other consists of the corporate overhead and costs of leveraged functions that are not allocated to operating segments.

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