10 Cheap Technology Stocks to Buy According to Hedge Funds

6. Global Payments Inc. (NYSE:GPN)

Forward P/E: 8.44

Number of Hedge Fund Holders: 71

Global Payments Inc. (NYSE:GPN) is an American multinational financial technology company that provides payment technology and software solutions to merchants, issuers, and consumers. The company offers innovative payment acceptance and issuer solutions, software solutions for various business models and customer needs, software to automate accounts payables and receivables, and technologies to help businesses manage and pay employees. Global Payments Inc. (NYSE:GPN) operates a diverse business model with worldwide reach across North America, Europe, Asia Pacific, and Latin America. GPN ranks among the top cheap tech stocks to buy.

On February 13, Raymond James analyst John Davis lowered the price target on Global Payments Inc. (NYSE:GPN) from $131 to $122 while keeping an “Outperform” rating. This decision followed mixed Q4 2024 results where adjusted EPS met expectations while revenue came in slightly below estimates. The analyst estimates that Merchant revenue grew 6% organically (FX adjusted), which is consistent with Q3 but slightly underwhelming given the network acceleration. However, Davis highlighted that high-single-digit growth in key sub-segments like POS & Software and Integrated & Embedded was encouraging. Global Payments Inc.’s (NYSE:GPN) initial 2025 outlook projects 5%-6% revenue growth and 10%-11% adjusted EPS growth. Davis believes if management can deliver on the outlook, the stock could rise higher. The analyst also highlighted that Global Payments Inc. (NYSE:GPN) trades at a significant discount to the S&P 500.