Channing Capital Management buys $23,144,826 stake in Fidelity National Information Services (FIS)

Fidelity National Information Services (FIS) : Channing Capital Management scooped up 58,235 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 Aug 1, 2016. The investment management firm now holds a total of 296,159 shares of Fidelity National Information Services which is valued at $23,144,826.Fidelity National Information Services makes up approximately 0.93% of Channing Capital Management’s portfolio.

Other Hedge Funds, Including , Thompson Investment Management reduced its stake in FIS by selling 3,650 shares or 37.68% in the most recent quarter. The Hedge Fund company now holds 6,037 shares of FIS which is valued at $471,792. Fidelity National Information Services makes up approx 0.09% of Thompson Investment Management’s portfolio. American Century Companies Inc added FIS to its portfolio by purchasing 1,292,335 company shares during the most recent quarter which is valued at $104,407,745. Fidelity National Information Services makes up approx 0.12% of American Century Companies Inc’s portfolio.Strs Ohio reduced its stake in FIS by selling 8,680 shares or 31.64% in the most recent quarter. The Hedge Fund company now holds 18,754 shares of FIS which is valued at $1,515,136. Fidelity National Information Services makes up approx 0.01% of Strs Ohio’s portfolio.

Fidelity National Information Services opened for trading at $78.26 and hit $78.81 on the upside on Thursday, eventually ending the session at $78.22, with a gain of 0.09% or 0.07 points. The heightened volatility saw the trading volume jump to 15,49,180 shares. Company has a market cap of $25,535 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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