10 Best Fintech Stocks To Buy in 2024

8. Global Payments Inc. (NYSE:GPN)

Number of Hedge Fund Holders: 66

Global Payments Inc. (NYSE:GPN) is a financial technology company that offers payment technology and software solutions to its customers globally. The firm empowers simple, fast, and secure payments for which it has built a worldwide commerce ecosystem comprising 4.6 million merchant accounts, 4,000 tech partners, 1500 financial institutions, and over 100 industries. Global Payments 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 Inc. (NYSE:GPN) is a Fortune 500 company 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 a powerful ecosystem of brands across various verticals, including globalpayments, Heartland, greatergiving, AdvancedMD, ECSI, and touchnet among others. As a leading global payments technology company, the firm is currently streamlining its operations and simplifying its portfolio to provide product-led customer-centric solutions. This move is expected to increase the company’s share while freeing up capital to invest in innovation. Against the uncertain macro environment, Global Payments is diversified enough in terms of geography, vertical markets, and revenue streams.

As the worldwide partner of choice for commerce solutions, Global Payments Inc. (NYSE:GPN) shows a consistently strong performance. The company recently closed its second quarter with high single-digit adjusted net revenue growth and double-digit adjusted earnings per share growth. Adjusted net revenues rose 6% to $2.32 billion while adjusted earnings per share climbed 12% to $2.93. Merchant Solutions saw single-digit organic growth due to the firm’s differentiated capabilities across its integrated software and point-of-sale businesses. The integrated business witnessed double-digit growth with strong booking trends while the vertical markets businesses had a double-digit growth in software bookings.

During the month of August, the firm appointed Robert Bob Cortopassi as its new president and chief operating officer. Under the new growth-oriented leader who has a solid 12-year experience at the company, the firm is poised to grow. As of Q2, the company is held by 66 hedge funds thereby ranking on our list of the best fintech stocks to buy in 2024. Pzena Investment Management is the largest shareholder in the company.