Cantillon Capital Management Lowers stake in Fidelity National Information Services (FIS)

Fidelity National Information Services (FIS) : Cantillon Capital Management reduced its stake in Fidelity National Information Services by 2.65% during the most recent quarter end. The investment management company now holds a total of 7,544,509 shares of Fidelity National Information Services which is valued at $589,603,378 after selling 205,600 shares in Fidelity National Information Services , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Fidelity National Information Services makes up approximately 9.36% of Cantillon Capital Management’s portfolio.

Other Hedge Funds, Including , Jennison Associates added FIS to its portfolio by purchasing 396,861 company shares during the most recent quarter which is valued at $31,014,687. Fidelity National Information Services makes up approx 0.03% of Jennison Associates’s portfolio.Buckingham Asset Management reduced its stake in FIS by selling 34 shares or 1.05% in the most recent quarter. The Hedge Fund company now holds 3,207 shares of FIS which is valued at $250,627. Fidelity National Information Services makes up approx 0.08% of Buckingham Asset Management’s portfolio.First Manhattan Co boosted its stake in FIS in the latest quarter, The investment management firm added 510 additional shares and now holds a total of 5,461 shares of Fidelity National Information Services which is valued at $419,842.

Fidelity National Information Services opened for trading at $79.76 and hit $79.76 on the upside on Monday, eventually ending the session at $79.41, with a gain of 0.23% or 0.18 points. The heightened volatility saw the trading volume jump to 10,40,706 shares. Company has a market cap of $26,033 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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