Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 8.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 112,781 shares of the information technology services provider’s stock after selling 10,326 shares during the quarter. Amalgamated Bank’s holdings in Fidelity National Information Services were worth $8,499,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FIS. Rise Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the 1st quarter valued at approximately $29,000. Family Firm Inc. bought a new stake in Fidelity National Information Services during the second quarter valued at $35,000. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services during the second quarter valued at $35,000. Palisade Asset Management LLC acquired a new stake in shares of Fidelity National Information Services during the first quarter worth $37,000. Finally, Delta Asset Management LLC TN lifted its position in shares of Fidelity National Information Services by 600.0% in the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after buying an additional 450 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

NYSE FIS opened at $84.43 on Thursday. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $85.63. The firm has a market capitalization of $46.96 billion, a PE ratio of -8.25, a P/E/G ratio of 0.82 and a beta of 1.08. The company’s 50 day simple moving average is $78.86 and its 200 day simple moving average is $75.34. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.13. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.55 EPS. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.71%. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of Fidelity National Information Services stock in a transaction that occurred on Monday, July 15th. The stock was purchased at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the acquisition, the director now owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FIS. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Bank of America increased their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday. UBS Group boosted their price objective on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Susquehanna boosted their price target on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $81.25.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.