Fidelity National Information Services (FIS) : Three Peaks Capital Management scooped up 32,094 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 3, 2016. The investment management firm now holds a total of 222,678 shares of Fidelity National Information Services which is valued at $15,865,808.Fidelity National Information Services makes up approximately 2.88% of Three Peaks Capital Management’s portfolio.
Other Hedge Funds, Including , Geneva Advisors reduced its stake in FIS by selling 1,148 shares or 17.33% in the most recent quarter. The Hedge Fund company now holds 5,478 shares of FIS which is valued at $390,308. Fidelity National Information Services makes up approx 0.01% of Geneva Advisors’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 $2,226,014. Fidelity National Information Services makes up approx 0.98% of Buffington Mohr Mcneal’s portfolio.First Manhattan Co reduced its stake in FIS by selling 350 shares or 6.6% in the most recent quarter. The Hedge Fund company now holds 4,951 shares of FIS which is valued at $323,003. Strs Ohio sold out all of its stake in FIS during the most recent quarter. The investment firm sold 27,728 shares of FIS which is valued $1,808,975.
Fidelity National Information Services opened for trading at $71.95 and hit $73.9 on the upside on Tuesday, eventually ending the session at $73.85, with a gain of 2.97% or 2.13 points. The heightened volatility saw the trading volume jump to 36,98,456 shares. Company has a market cap of $24,109 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. 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.