Fidelity National Information Services (FIS): Billionaire Seth Klarman Loads Up on Financial Stock

Fidelity National Information Services, Inc. (NYSE:FIS) is one of the 15 Best Stocks to Buy According to Billionaire Seth Klarman.

Fidelity National Information Services, Inc. (NYSE:FIS) is one of the most featured stocks in the 13F history of Baupost Group. The fund first purchased a stake in the company in the third quarter of 2022, buying over 600,000 shares. It then proceeded on a buying spree, increasing this to close to 7 million shares in the third quarter of 2023. Subsequently, the stake was trimmed, and sold off completely by the fourth quarter of 2024. However, a new position was opened in early 2025. At the end of 2025, the fund held almost 4.5 million shares in the company, representing an increase of 19% compared to filings for the previous quarter.

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In late February, Fidelity National Information Services, Inc. (NYSE:FIS) announced earnings for the fourth quarter of 2025. The firm projects 2026 adjusted revenue to grow 30% to 31% with EBITDA growing 34% to 35%. Management said the firm is well positioned to double free cash flow to over $3 billion by 2028, implying a compound annual growth rate of approximately 25%.

Fidelity National Information Services, Inc. (NYSE:FIS) provides solutions to financial institutions, businesses, and developers worldwide. It provides core processing and ancillary applications, mobile and online banking, fraud, risk management, and compliance.

While we acknowledge the risk and potential of FIS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FIS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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