Newbrook Capital Advisors Lp buys $74,042,375 stake in Fidelity National Information Services (FIS)

Fidelity National Information Services (FIS) : Newbrook Capital Advisors Lp scooped up 353,053 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 Nov 14, 2016. The investment management firm now holds a total of 984,737 shares of Fidelity National Information Services which is valued at $74,042,375.Fidelity National Information Services makes up approximately 6.87% of Newbrook Capital Advisors Lp’s portfolio.

Other Hedge Funds, Including , Millennium Management boosted its stake in FIS in the latest quarter, The investment management firm added 1,528,064 additional shares and now holds a total of 3,136,116 shares of Fidelity National Information Services which is valued at $235,804,562. Fidelity National Information Services makes up approx 0.45% of Millennium Management’s portfolio.Keybank National Associationoh boosted its stake in FIS in the latest quarter, The investment management firm added 627 additional shares and now holds a total of 9,539 shares of Fidelity National Information Services which is valued at $733,549.Schmidt P J Investment Management Inc boosted its stake in FIS in the latest quarter, The investment management firm added 155 additional shares and now holds a total of 8,264 shares of Fidelity National Information Services which is valued at $622,197. Fidelity National Information Services makes up approx 0.24% of Schmidt P J Investment Management Inc’s portfolio.

Fidelity National Information Services opened for trading at $75.95 and hit $77.56 on the upside on Monday, eventually ending the session at $77.12, with a gain of 1.65% or 1.25 points. The heightened volatility saw the trading volume jump to 22,42,406 shares. Company has a market cap of $25,313 M.

On the company’s financial health, Fidelity National Information Services reported $1.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.98. The company had revenue of $2309.00 million for the quarter, compared to analysts expectations of $2367.16 million. The company’s revenue was up 46.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS.

Investors should note that on Oct 26, 2016, Fidelity National Information Services announced a cash dividend of $0.2600. The company’s management has announced Dec 14, 2016 as the ex-dividend date and fixed the record date on Dec 16, 2016. The payable date has been fixed on Dec 30, 2016.

Many Wall Street Analysts have commented on Fidelity National Information Services. Fidelity National Information Services was Initiated by Pacific Crest to “Overweight” on Nov 18, 2016. Fidelity National Information Services was Initiated by Cantor Fitzgerald to “Buy” on Oct 7, 2016. Company shares were Reiterated by Barclays on Sep 26, 2016 to “Overweight”, Firm has raised the Price Target to $ 96 from a previous price target of $88 .

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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