Victory Capital Management Inc buys $171.6 Million stake in Fidelity National Information Services (FIS)

Fidelity National Information Services (FIS) : Victory Capital Management Inc scooped up 251,529 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 12, 2016. The investment management firm now holds a total of 2,372,738 shares of Fidelity National Information Services which is valued at $171.6 Million.Fidelity National Information Services makes up approximately 0.73% of Victory Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Girard Partners Ltd. reduced its stake in FIS by selling 2,605 shares or 14.68% in the most recent quarter. The Hedge Fund company now holds 15,135 shares of FIS which is valued at $1.1 Million. Fidelity National Information Services makes up approx 0.49% of Girard Partners Ltd.’s portfolio. Marco Investment Management sold out all of its stake in FIS during the most recent quarter. The investment firm sold 5,107 shares of FIS which is valued $369,287.Airain Ltd reduced its stake in FIS by selling 121,054 shares or 87.63% in the most recent quarter. The Hedge Fund company now holds 17,085 shares of FIS which is valued at $1.2 Million. Fidelity National Information Services makes up approx 0.09% of Airain Ltd’s portfolio.Retirement Systems Of Alabama reduced its stake in FIS by selling 3,704 shares or 2.57% in the most recent quarter. The Hedge Fund company now holds 140,167 shares of FIS which is valued at $9.2 Million. Fidelity National Information Services makes up approx 0.05% of Retirement Systems Of Alabama’s portfolio.

Fidelity National Information Services opened for trading at $73.1 and hit $73.1 on the upside on Friday, eventually ending the session at $72.98, with a gain of 0.51% or 0.37 points. The heightened volatility saw the trading volume jump to 23,99,678 shares. Company has a market cap of $23,825 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.

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