Harbourvest Partners adds Fidelity National Information Services (FIS) to its portfolio

Fidelity National Information Services (FIS) : Harbourvest Partners added new position in Fidelity National Information Services during the most recent quarter end. The investment management firm now holds 278,951 shares of Fidelity National Information Services which is valued at $22,327,238 , the company said in a statement filed on Aug 15, 2016 with the SEC.Fidelity National Information Services makes up approximately 9.88% of Harbourvest Partners’s portfolio.

Other Hedge Funds, Including , Farallon Capital Management boosted its stake in FIS in the latest quarter, The investment management firm added 76,232 additional shares and now holds a total of 1,413,722 shares of Fidelity National Information Services which is valued at $113,154,309. Fidelity National Information Services makes up approx 2.12% of Farallon Capital Management’s portfolio.Transamerica Financial Advisors boosted its stake in FIS in the latest quarter, The investment management firm added 1,734 additional shares and now holds a total of 6,619 shares of Fidelity National Information Services which is valued at $529,785. Fidelity National Information Services makes up approx 0.05% of Transamerica Financial Advisors’s portfolio.Nomura Asset Management Co Ltd boosted its stake in FIS in the latest quarter, The investment management firm added 2,790 additional shares and now holds a total of 36,345 shares of Fidelity National Information Services which is valued at $2,909,054. Fidelity National Information Services makes up approx 0.05% of Nomura Asset Management Co Ltd’s portfolio.

Fidelity National Information Services opened for trading at $79.41 and hit $79.79 on the upside on Thursday, eventually ending the session at $79.64, with a gain of 0.39% or 0.31 points. The heightened volatility saw the trading volume jump to 14,07,634 shares. Company has a market cap of $26,108 M.

On the company’s financial health, Fidelity National Information Services reported $0.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.87. The company had revenue of $2364.00 million for the quarter, compared to analysts expectations of $2326.69 million. The company’s revenue was up 49.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Investors should note that on Jul 25, 2016, Fidelity National Information Services announced a cash dividend of $0.2600. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 30, 2016.

Many Wall Street Analysts have commented on Fidelity National Information Services. Company shares were Reiterated by Deutsche Bank on Jul 27, 2016 to “Hold”, Firm has raised the Price Target to $ 80 from a previous price target of $72 .Company shares were Reiterated by Barclays on Jul 27, 2016 to “Overweight”, Firm has raised the Price Target to $ 88 from a previous price target of $83 .Company shares were Reiterated by Compass Point on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 90 from a previous price target of $78 .

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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