11 Best IT Stocks to Invest In According to Hedge Funds

Page 10 of 10

1. Fiserv Inc. (NYSE:FI)

Number of Hedge Fund Holders: 94

Fiserv Inc. (NYSE:FI) is one of the best IT stocks to invest in according to hedge funds. On September 8, Fiserv announced the acquisition of CardFree, which is a platform that provides customized order, payment, and loyalty solutions for merchants. The financial terms of the deal were not disclosed.

The acquisition is expected to enhance the functionality of Clover, Fiserv’s point-of-sale system, particularly for small businesses as they grow into larger enterprises with more complex technical needs. CardFree’s patented technology, created by the team behind the original mobile apps for Starbucks and Dunkin’, is compatible with most point-of-sale systems and payment processors.

Its integration into the Clover and Commerce Hub ecosystems will add new features, including drive-through software, kiosk and sub-inventory management, and enhanced third-party integrations for loyalty programs and delivery services.

Fiserv Inc. (NYSE:FI) provides payments and financial services technology solutions. It operates through the Merchant Solutions and Financial Solutions segments.

While we acknowledge the potential of FI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FI and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 10 of 10