5 Best Falling Stocks To Buy Now

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

6-month Decline as of March 14: 37.78%

Number of Hedge Fund Holders: 64

Fidelity National Information Services, Inc. (NYSE:FIS) was a part of 64 investors’ portfolios at the end of Q4 2022. These funds held collective positions worth $2.56 billion in the company, up from $3.15 billion in the previous quarter with 60 positions. The hedge fund sentiment for the stock is positive and it is one of the best falling stocks to buy now.

On February 13, Fidelity National Information Services, Inc. (NYSE:FIS) posted market-beating earnings for the fourth quarter of fiscal 2022. The company generated a revenue of $3.71 billion and outperformed estimates by $22.69 million. The company reported an EPS of $1.71 and beat EPS expectations by $0.01. As of March 14, the stock has declined by 37.78% over the past 6 months.

As of December 31, Steve Cohen’s Point72 Asset Management is the most prominent investor in Fidelity National Information Services, Inc. (NYSE:FIS) and has disclosed a stake worth $410.3 million in the company.

Here is what Diamond Hill Capital had to say about Fidelity National Information Services, Inc. (NYSE:FIS) in its Q4 2022 investor letter:

“In addition to SVB Financial and V.F. Corporation, we eliminated our positions in financial services technology company Fidelity National Information Services, Inc. (NYSE:FIS) and media and technology company Comcast Corporation. Several reasons factored into our decision to sell Fidelity National Information Services, including board and leadership changes, a strategic review, and a cooperation agreement with activist shareholder D.E. Shaw (and discussions with JANA Partners).”