North Star Asset Management Inc Lowers stake in Fidelity National Information Services (FIS)

Fidelity National Information Services (FIS) : North Star Asset Management Inc reduced its stake in Fidelity National Information Services by 1.71% during the most recent quarter end. The investment management company now holds a total of 140,654 shares of Fidelity National Information Services which is valued at $10,812,073 after selling 2,447 shares in Fidelity National Information Services , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Fidelity National Information Services makes up approximately 1.22% of North Star Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in FIS by selling 6,228 shares or 11.16% in the most recent quarter. The Hedge Fund company now holds 49,569 shares of FIS which is valued at $3,810,369. Fidelity National Information Services makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.Washington Trust Bank boosted its stake in FIS in the latest quarter, The investment management firm added 35 additional shares and now holds a total of 3,381 shares of Fidelity National Information Services which is valued at $259,897. Fidelity National Information Services makes up approx 0.06% of Washington Trust Bank’s portfolio.Norman Fields Gottscho Capital Management boosted its stake in FIS in the latest quarter, The investment management firm added 1,990 additional shares and now holds a total of 4,877 shares of Fidelity National Information Services which is valued at $374,895. Fidelity National Information Services makes up approx 0.25% of Norman Fields Gottscho Capital Management’s portfolio.

Fidelity National Information Services closed down -0.45 points or -0.59% at $76.46 with 11,14,821 shares getting traded on Tuesday. Post opening the session at $76.91, the shares hit an intraday low of $75.93 and an intraday high of $77.17 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

Many Wall Street Analysts have commented on Fidelity National Information Services. 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 .Wedbush Initiated Fidelity National Information Services on Sep 9, 2016 to “Outperform”, Price Target of the shares are set at $92.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 .

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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