Billionaire Mason Hawkins’ 10 Mid-Cap Stocks with Huge Upside Potential

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

Market Capitalization: $41.47 billion

Number of Hedge Fund Holders: 53 

Southeastern Asset Management Stake: $117,161,650 

Analyst Upside Potential: 10.32% 

Fidelity National Information Services, Inc. (NYSE:FIS) is an international financial technology company that provides a range of services to financial institutions, businesses, merchants, and developers. It operates through three segments, namely Banking, Capital Market Solutions, and Merchant Solutions.

On April 17, the company announced two major transactions to reshape its business and strengthen its position as a global fintech leader. Firstly, Fidelity National Information Services, Inc. (NYSE:FIS) announced acquiring a 100% stake in Global Payments’ Issuer Solutions business, and secondly, it announced the sale of its Worldpay stake to fund the acquisition. Management noted that it will integrate Issuer Solutions’ credit processing with its own debit, loyalty, and network services. The announcement was taken positively by analysts as the stock was upgraded to Outperform by Oppenheimer with a price target of $94. Fidelity National Information Services, Inc. (NYSE:FIS) is one of billionaire Mason Hawkins’ 10 mid-cap stocks with huge upside potential.

Longleaf Partners Fund stated the following regarding Fidelity National Information Services, Inc. (NYSE:FIS) in its Q4 2024 investor letter:

“Fidelity National Information Services, Inc. (NYSE:FIS) – Technology solutions provider for financial institutions FIS was a top contributor for the year. We first started buying this company in 2023 when its bank customers were going through stock market turmoil following the failure of Silicon Valley Bank. As we have written previously, we have seen how resilient the financial technology industry tends to be, even through crises, and FIS has demonstrated this once again with the company’s core bank software business reporting solid growth this year. CEO Stephanie Ferris is proving to be a great partner since she was elevated to the role with FIS making notable strides this year. FIS monetized a non-core business this year at an attractive valuation and used the proceeds to repurchase 10% of its outstanding shares. These actions led to strong double-digit value per share growth in 2024. FIS is a stable company that is on offense yet still trading at a reasonable multiple of FCF – an increasingly rare attribute in today’s market.”