5 Best Stocks to Buy According to David Rodriguez-Fraile’s BlueMar Capital

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

BlueMar Capital’s Stake Value: $12,084,000

Percentage of BlueMar Capital’s 13F Portfolio: 8.11%    

Number of Hedge Fund Holders: 67

Apart from its top pick, Fidelity National Information Services, Inc. (NYSE:FIS) was the only stock among BlueMar Capital’s top 10 picks in which the fund upped its stake during the second quarter and that too by the most significant amount –  30% to 131,824 shares. Apart from BlueMar Capital, Ray Dalio’s Bridgewater Associates increased its holdings by 75% to 191,904 shares and George Mccabe’s Portolan Capital Management by 68% to 104,894 shares.

Fidelity National Information Services, Inc.’s (NYSE:FIS) stock made its lifetime high just before the onset of the COVID pandemic in February 2020. After suffering a massive decline during the broader market carnage, the stock managed to recover lost grounds and was again trading above the $150 levels early last year. However, since then, it has again lost half of its value as it currently trades close to the $75 mark. Several analysts on Wall Street tracking the stock have been lowering their price target on it for the past few months. This list includes analysts at Barclays, which, on September 26, reiterated their ‘Overweight’ rating on the stock but lowered their price target to $110 from $130.