10 Best Digital Payments Stocks To Buy Now

7. Global Payments Inc. (NYSE:GPN)

Number of Hedge Fund Holders: 66

Global Payments Inc. (NYSE:GPN) powers commerce for businesses globally by facilitating simple, fast, and secure payments. It delivers seamless payments for every business, leading software for specific industries, single-source employer solutions, and better processes for buyers and suppliers. The firm is headquartered in Georgia and has 27,000 team members globally. Global Payments has a powerful ecosystem of brands across various verticals, including globalpayments, Heartland, greatergiving, AdvancedMD, ECSI, and touchnet among others.

Global Payments Inc. (NYSE:GPN) serves as a global powerhouse and has a reach extending across North America, Europe, Asia Pacific, and Latin America. The company claims to lead the industry in innovation, scale, and service. It has successfully built a worldwide commerce ecosystem comprising 4.6 million merchant accounts, 4,000 tech partners, 1500 financial institutions, and over 100 industries. Global Payments remains diversified in terms of geography, vertical markets, and revenue streams to navigate the uncertain macro environment.

With six decades of innovation, the company has been shaping the world of payments. While the firm was first to market with a multi-bank balance reporting system in the 1970s, it served as the early adopter of POS authorization terminals in the 1980s. It launched a next-generation transaction platform for card acceptance in the 2000s. By the 2020s, Global Payments evolved to become a part of the Fortune 500, expanded B2B, and got recognized as the official commerce technology provider of Mercedez-Benz Stadium, State Farm Arena, and Truist Park.

As the worldwide partner of choice for commerce solutions, Global Payments Inc. (NYSE:GPN) continues to deliver results. The company ended the fiscal second quarter of 2024 with high single-digit adjusted net revenue growth and double-digit adjusted earnings per share growth. Additionally, the firm is focusing on simplifying its business and streamlining its operations to drive sustainable growth in the future.

Over the years, Global Payments has positioned itself well in the highly innovative and competitive payments technology industry. In August, the firm appointed Robert Bob Cortopassi as its new president. Under the new growth-oriented leader who has a solid 12-year tenure at the company, the firm is poised to grow. As of Q2, it is held by 66 hedge funds thereby ranking on our list of the best digital payment stocks to buy now. Pzena Investment Management is the largest shareholder in the company.