Amalgamated Bank grew its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 59.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,042 shares of the information technology services provider’s stock after acquiring an additional 14,166 shares during the quarter. Amalgamated Bank’s holdings in Fidelity National Information Services were worth $3,249,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Guardian Life Insurance Co. of America lifted its position in shares of Fidelity National Information Services by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,266 shares of the information technology services provider’s stock worth $101,000 after buying an additional 9 shares during the period. Motco lifted its position in shares of Fidelity National Information Services by 12.3% during the 2nd quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after buying an additional 131 shares during the period. Morgan Dempsey Capital Management LLC lifted its position in shares of Fidelity National Information Services by 3.6% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,301 shares of the information technology services provider’s stock worth $104,000 after buying an additional 45 shares during the period. IFP Advisors Inc lifted its position in shares of Fidelity National Information Services by 6.8% during the 2nd quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock worth $112,000 after buying an additional 84 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of Fidelity National Information Services by 77.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,439 shares of the information technology services provider’s stock worth $123,000 after buying an additional 626 shares during the period. Institutional investors own 86.97% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (NYSE FIS) traded down 0.11% during trading on Friday, reaching $92.01. The company’s stock had a trading volume of 2,102,054 shares. Fidelity National Information Services, Inc. has a 52-week low of $73.25 and a 52-week high of $93.73. The firm’s 50-day moving average is $91.34 and its 200 day moving average is $85.85. The company has a market cap of $30.59 billion, a PE ratio of 46.12 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.05. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the company earned $0.90 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post $4.28 EPS for the current fiscal year.

Fidelity National Information Services announced that its board has authorized a stock repurchase program on Wednesday, August 2nd that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the information technology services provider to repurchase up to 13.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.26%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s payout ratio is presently 58.00%.

In other Fidelity National Information Services news, COO Anthony M. Jabbour sold 100,000 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $92.36, for a total transaction of $9,236,000.00. Following the completion of the sale, the chief operating officer now directly owns 282,689 shares in the company, valued at $26,109,156.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank R. Martire sold 400,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $90.34, for a total value of $36,136,000.00. Following the sale, the director now owns 202,517 shares of the company’s stock, valued at $18,295,385.78. The disclosure for this sale can be found here. Insiders have sold 520,549 shares of company stock valued at $47,224,679 over the last 90 days. Corporate insiders own 2.66% of the company’s stock.

FIS has been the subject of several analyst reports. BMO Capital Markets restated an “outperform” rating and set a $94.00 target price (up previously from $92.00) on shares of Fidelity National Information Services in a research report on Friday, June 16th. BidaskClub upgraded Fidelity National Information Services from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Cowen and Company restated an “outperform” rating and set a $92.00 target price (up previously from $90.00) on shares of Fidelity National Information Services in a research report on Monday, July 10th. Royal Bank Of Canada restated a “buy” rating and set a $96.00 target price on shares of Fidelity National Information Services in a research report on Wednesday, July 12th. Finally, Oppenheimer Holdings, Inc. raised their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, July 13th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $92.87.

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Fidelity National Information Services Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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