Hollencrest Securities Lowers stake in Fidelity National Information Services (FIS)

Fidelity National Information Services (FIS) : Hollencrest Securities reduced its stake in Fidelity National Information Services by 0.74% during the most recent quarter end. The investment management company now holds a total of 134,685 shares of Fidelity National Information Services which is valued at $10,240,101 after selling 1,000 shares in Fidelity National Information Services , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.Fidelity National Information Services makes up approximately 1.59% of Hollencrest Securities’s portfolio.

Other Hedge Funds, Including , Daiwa Sb Investments Ltd. boosted its stake in FIS in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 1,470 shares of Fidelity National Information Services which is valued at $111,764. Fidelity National Information Services makes up approx 0.03% of Daiwa Sb Investments Ltd.’s portfolio.Marshwinds Advisory Co reduced its stake in FIS by selling 21,251 shares or 80.04% in the most recent quarter. The Hedge Fund company now holds 5,300 shares of FIS which is valued at $402,959. Fidelity National Information Services makes up approx 0.20% of Marshwinds Advisory Co’s portfolio.

Fidelity National Information Services opened for trading at $77.28 and hit $77.44 on the upside on Wednesday, eventually ending the session at $77.14, with a gain of 0.25% or 0.19 points. The heightened volatility saw the trading volume jump to 13,71,838 shares. Company has a market cap of $25,183 M.

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.

Many Wall Street Analysts have commented on Fidelity National Information Services. Company shares were Reiterated by Monness Crespi & Hardt on Jul 11, 2016 to “Buy”, Firm has raised the Price Target to $ 84 from a previous price target of $76 .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.

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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