Meru Capital Group Lp buys $19,100,265 stake in Fidelity National Information Services (FIS)

Fidelity National Information Services (FIS) : Meru Capital Group Lp scooped up 193,634 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 12, 2016. The investment management firm now holds a total of 238,634 shares of Fidelity National Information Services which is valued at $19,100,265.Fidelity National Information Services makes up approximately 6.13% of Meru Capital Group Lp’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans boosted its stake in FIS in the latest quarter, The investment management firm added 440 additional shares and now holds a total of 8,550 shares of Fidelity National Information Services which is valued at $684,342.Kidder Stephen W reduced its stake in FIS by selling 200 shares or 5.88% in the most recent quarter. The Hedge Fund company now holds 3,200 shares of FIS which is valued at $257,600. Fidelity National Information Services makes up approx 0.10% of Kidder Stephen W’s portfolio.Blair William Coil boosted its stake in FIS in the latest quarter, The investment management firm added 296 additional shares and now holds a total of 36,344 shares of Fidelity National Information Services which is valued at $2,925,692. Fidelity National Information Services makes up approx 0.03% of Blair William Coil’s portfolio.Tokio Marine Asset Management Co Ltd boosted its stake in FIS in the latest quarter, The investment management firm added 2,158 additional shares and now holds a total of 10,103 shares of Fidelity National Information Services which is valued at $816,221. Fidelity National Information Services makes up approx 0.08% of Tokio Marine Asset Management Co Ltd’s portfolio.

Fidelity National Information Services closed down -0.14 points or -0.18% at $79.38 with 11,17,917 shares getting traded on Monday. Post opening the session at $79.52, the shares hit an intraday low of $79.32 and an intraday high of $79.99 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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