Top 10 Undervalued Tech Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Investors: 56

Forward P/E Ratio as of January 13: 13.48

Fidelity National Information Services, Inc. (NYSE:FIS) provides financial technology solutions to a diverse range of clients, including banks, merchants, and capital markets firms. The company’s solutions are designed to help financial institutions and businesses manage their core operations, payments, and risk management more efficiently and securely.

Fidelity National Information Services, Inc. (NYSE:FIS) recently acquired Dragonfly Technologies, a digital solutions provider specializing in cyber security, enterprise networks, and automation, to enhance its digital offerings and expand its footprint in the digital banking space. Dragonfly’s suite of solutions complements the company’s existing Digital One portfolio and aims to strengthen the company’s position in the digital banking market. The acquisition is also expected to open new cross-sell opportunities with existing clients, particularly large regional banks and complex commercial customers.

Fidelity National Information Services, Inc. (NYSE:FIS) is also investing in research and development and is launching new solutions along with enhancement in existing solutions. The company has recently introduced next-generation treasury solutions in partnership with leading AI companies, which are designed to help financial institutions manage risk more effectively. Additionally, the company’s premium payback loyalty offering has gained significant traction, with new partnerships across various sectors, including technology, retail, and financial services.