5 Best Strong Buy Stocks to Invest In

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

Number of Hedge Fund Holders: 67  

Fidelity National Information Services, Inc. (NYSE:FIS) provides technology solutions for merchants, banks, and capital markets firms worldwide. It is one of the elite strong buy stocks to invest in. On October 12, Fidelity National Information Services marked the opening of its $156 million new corporate headquarters. The CEO of the company said that they are 75% of the way to adding new jobs, promising to add a total of 500 jobs. 

On October 18, Raymond James maintained a Buy rating on Fidelity National Information Services, Inc. (NYSE:FIS) stock and set a price target of $112.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Select Equity Group is a leading shareholder in Fidelity National Information Services, Inc. (NYSE:FIS) with 9.5 million shares worth more than $874 million. 

In its Q2 2022 investor letter, Aristotle Capital Management, an asset management firm, highlighted a few stocks and Fidelity National Information Services, Inc. (NYSE:FIS) was one of them. Here is what the fund said:

“We sold our position in Fidelity National Information Services, Inc. (NYSE:FIS), thereby, reducing our exposure to the payments processing space within the Fund. While the first half of 2022 for Fidelity National Information Services should show improving trends in the merchant space due to better Small-to-Medium Business (SMB) and travel industry metrics, we are focusing our concerns on the impact of rising inflation on the second half of 2022 trends. The concern we see is that inflation will begin to impact the purchasing power of consumers and merchant processors, like Fidelity, and will see a slowdown in the growth rate of transaction volumes.”