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

Fidelity National Information Services (FIS) : Moore Capital Management Lp reduced its stake in Fidelity National Information Services by 20.63% during the most recent quarter end. The investment management company now holds a total of 654,889 shares of Fidelity National Information Services which is valued at $49,241,104 after selling 170,243 shares in Fidelity National Information Services , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Fidelity National Information Services makes up approximately 2.84% of Moore Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc reduced its stake in FIS by selling 2,664,012 shares or 9.5% in the most recent quarter. The Hedge Fund company now holds 25,385,144 shares of FIS which is valued at $1,908,708,977. Fidelity National Information Services makes up approx 0.11% of Vanguard Group Inc’s portfolio.Boston Partners boosted its stake in FIS in the latest quarter, The investment management firm added 314,856 additional shares and now holds a total of 4,869,305 shares of Fidelity National Information Services which is valued at $374,449,555. Fidelity National Information Services makes up approx 0.52% of Boston Partners’s portfolio.Commerce Bank boosted its stake in FIS in the latest quarter, The investment management firm added 926 additional shares and now holds a total of 387,474 shares of Fidelity National Information Services which is valued at $29,048,926. Fidelity National Information Services makes up approx 0.47% of Commerce Bank’s portfolio.Portland Global Advisors reduced its stake in FIS by selling 205 shares or 4.81% in the most recent quarter. The Hedge Fund company now holds 4,057 shares of FIS which is valued at $305,452. Fidelity National Information Services makes up approx 0.14% of Portland Global Advisors’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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