Billionaires Mario Gabelli and Mason Hawkins Love These 5 Stocks

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1. Fiserv Inc (NYSE:FI)

Number of Hedge Fund Investors: 73

Mario Gabelli’s Stake: $770,472

Mason Hawkins’ Stake: $54,469,846

Financial technology company Fiserv Inc (NYSE:FI) ranks first in our list of the best stocks to buy according to billionaire Mario Gabelli and Mason Hawkins. Earlier this month Fiserv Inc (NYSE:FI) posted fourth quarter results. Adjusted EPS in the period came in at $2.19, beating estimates by $0.04. Revenue in the quarter jumped 6.3% year over year to $4.92 billion, surpassing estimates by $240 million. Free cash flow increased 14% to $4.02 billion for the full year.

Broyhill Asset Management stated the following regarding Fiserv, Inc. (NYSE:FI) in its fourth quarter 2023 investor letter:

“Shares of Fiserv, Inc. (NYSE:FI) gained 18% during the quarter. We first outlined our investment in Fiserv here. Since then, the company has continued to fire on all cylinders. After reporting a solid third quarter and raising guidance, share gains accelerated following the company’s November Investor Day, where the company reiterated its outlook for the year and introduced preliminary 2024 guidance of 11% – 13% organic top-line growth. Management also sounded quite confident in its new medium-term guidance, calling for 9% – 12% organic revenue growth and 13% – 17% earnings per share growth. Despite the company’s near-flawless execution, shares closed the year trading at 15x earnings, more than a 20% discount to the market.”

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