Amalgamated Bank Cuts Stock Position in Fidelity National Information Services, Inc. $FIS

Amalgamated Bank reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,506 shares of the information technology services provider’s stock after selling 2,067 shares during the quarter. Amalgamated Bank’s holdings in Fidelity National Information Services were worth $8,426,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIS. Baupost Group LLC MA purchased a new position in shares of Fidelity National Information Services in the 1st quarter worth about $260,853,000. Nuveen LLC purchased a new position in shares of Fidelity National Information Services in the 1st quarter worth about $187,514,000. Invesco Ltd. boosted its holdings in shares of Fidelity National Information Services by 22.9% in the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock worth $694,824,000 after purchasing an additional 1,730,878 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Fidelity National Information Services by 17.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider’s stock worth $497,854,000 after purchasing an additional 986,646 shares in the last quarter. Finally, Hawk Ridge Capital Management LP boosted its holdings in shares of Fidelity National Information Services by 647.7% in the 1st quarter. Hawk Ridge Capital Management LP now owns 1,062,280 shares of the information technology services provider’s stock worth $79,331,000 after purchasing an additional 920,200 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 889 shares of Fidelity National Information Services stock in a transaction on Wednesday, October 15th. The shares were purchased at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the acquisition, the director owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. The trade was a 7.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.21% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Stock Up 0.2%

Shares of NYSE:FIS opened at $62.49 on Friday. Fidelity National Information Services, Inc. has a 1 year low of $59.51 and a 1 year high of $91.98. The company has a market cap of $32.64 billion, a PE ratio of 347.19 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The stock’s 50-day moving average is $66.94 and its 200 day moving average is $74.23.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.36. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the business earned $1.36 EPS. Fidelity National Information Services’s revenue was up 5.1% compared to the same quarter last year. Fidelity National Information Services has set its Q3 2025 guidance at 1.460-1.500 EPS. FY 2025 guidance at 5.720-5.800 EPS. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, December 9th. Fidelity National Information Services’s payout ratio is currently 888.89%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FIS. Citigroup raised Fidelity National Information Services to a “hold” rating in a research note on Thursday, October 23rd. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Susquehanna lowered their target price on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a research note on Friday, September 12th. Truist Financial lowered their target price on Fidelity National Information Services from $75.00 to $72.00 and set a “hold” rating for the company in a research note on Friday, October 24th. Finally, Jefferies Financial Group lowered their target price on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, October 14th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.94.

About Fidelity National Information Services

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.