13 Most Promising Fintech Stocks to Buy

3. Global Payments Inc. (NYSE:GPN)

Average Upside Potential: 30.67%

Number of Hedge Funds: 66

Global Payments Inc. (NYSE:GPN) is an American financial technology company that offers payment technology and software solutions to its customers. The company enables simple, fast, and secure payments. It is headquartered in Georgia and has 27,000 team members globally. It has a worldwide presence spanning North America, Europe, Asia Pacific, and Latin America.

The firm has a global commerce system comprising 4.6 million merchant accounts, 4,000 tech partners, 1500 financial institutions, and over 100 industries. The company claims to lead the industry in innovation, scale, and service. It has a powerful ecosystem of brands that span different verticals and offer unrivaled solutions. Some of these include globalpayments, Heartland, greatergiving, AdvancedMD, ECSI, and touchnet, Hence, Global Payments is diversified enough in terms of geography, vertical markets, and revenue streams.

Global Payments Inc. (NYSE:GPN) closed its second quarter with high single-digit adjusted net revenue growth and double-digit adjusted earnings per share growth. Adjusted net revenues increased 6% to $2.32 billion while adjusted earnings per share increased 12% to $2.93. The firm is well positioned to capitalize on its growth opportunities by currently streamlining and simplifying business through its operational transformation.

As the firm aspires to become the global partner of choice for commerce solutions, it has recently outlined its strategic focus. In Merchant Solutions, the firm has decided to fully unify its business worldwide by harmonizing products and capabilities under a common brand, Genius, and using vast distribution channels to extend them worldwide. In Issuer Solutions, the firm is benefitting from opportunities for growth through its cloud modernization and cross-selling initiatives.

As of Q2, the company is held by 66 hedge funds. Analysts hold a consensus Buy rating on the stock and their 1-year median price target points to a 30.67% upside from the current stock price.