Santa Barbara Asset Management buys $162.3 Million stake in Fidelity National Information Services (FIS)

Fidelity National Information Services (FIS) : Santa Barbara Asset Management scooped up 266,530 additional shares in Fidelity National Information Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 2,244,098 shares of Fidelity National Information Services which is valued at $162.3 Million.Fidelity National Information Services makes up approximately 3.18% of Santa Barbara Asset Management’s portfolio.

Other Hedge Funds, Including , Stack Financial Management Inc reduced its stake in FIS by selling 1,455 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 201,727 shares of FIS which is valued at $14.6 Million. Fidelity National Information Services makes up approx 1.75% of Stack Financial Management Inc’s portfolio.Edge Asset Management Inc boosted its stake in FIS in the latest quarter, The investment management firm added 672,826 additional shares and now holds a total of 851,200 shares of Fidelity National Information Services which is valued at $61.6 Million. Fidelity National Information Services makes up approx 0.59% of Edge Asset Management Inc’s portfolio. Forsta Ap-fonden sold out all of its stake in FIS during the most recent quarter. The investment firm sold 209,200 shares of FIS which is valued $15.1 Million.Sky Investment Group boosted its stake in FIS in the latest quarter, The investment management firm added 305 additional shares and now holds a total of 24,615 shares of Fidelity National Information Services which is valued at $1.8 Million. Fidelity National Information Services makes up approx 0.87% of Sky Investment Group’s portfolio.Buffington Mohr Mcneal boosted its stake in FIS in the latest quarter, The investment management firm added 25,707 additional shares and now holds a total of 33,830 shares of Fidelity National Information Services which is valued at $2.2 Million. Fidelity National Information Services makes up approx 0.98% of Buffington Mohr Mcneal’s portfolio.

Fidelity National Information Services opened for trading at $72.28 and hit $72.985 on the upside on Monday, eventually ending the session at $72.79, with a gain of 0.66% or 0.48 points. The heightened volatility saw the trading volume jump to 26,19,559 shares. Company has a market cap of $23,763 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.

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.

Leave a Reply

Fidelity National Information Services - Is it time to Sell?

Top Brokerage Firms are advising their investors on Fidelity National Information Services. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.