10 Cheap Value Stocks to Invest In, According To Seth Klarman

8. Fidelity National Information Services, Inc. (NYSE:FIS)

Number of Hedge Fund Holders: 56

Forward Price to Earnings Multiple: 13.76

Baupost Group’s Holdings: $81.36 Million

Fidelity National Information Services, Inc. (NYSE:FIS) provides financial services technology solutions for financial institutions, businesses, and developers worldwide. It provides core processing, ancillary applications, mobile and online banking, fraud, and risk management solutions. The stock was on a roll, rallying by 31% in 2024.

The impressive performance in the market came from Fidelity National Information Services, Inc. (NYSE:FIS) capitalizing on the global shift towards digital transformation. The company has unveiled various solutions that have allowed it to benefit from organic growth in the banking and capital markets. Its focus on emerging markets is also proving to be a catalyst for its bottom-line growth.

In addition to coming up with technological solutions for the banking sector, the company has acquired Dragonfly Technologies. The acquisition strengthens FIS prospects in providing cybersecurity, enterprise networks, and automation, which are the solutions needed in the digital banking space. The investments are already paying off as the company’s Q3 revenue increased by 3.1% as earnings increased by 48.9%, affirming continued execution and business momentum.

Similarly, Fidelity National Information Services, Inc. (NYSE:FIS) has demonstrated its dedication to shareholders by continuing to provide value to them through buybacks. In the last three quarters alone, FIS has repurchased $3 billion worth of shares. While trading at a price-to-earnings multiple of 13, it is one of the cheapest value stocks, as it also yields 1.83% on dividends.