Billionaire Larry Robbins’ Long-Term Stock Picks

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2. Global Payments Inc. (NYSE:GPN)

Number of Hedge Fund Holders: 66 

Glenview Capital’s Stake: $424.1 million

Global Payments Inc. (NYSE:GPN) is a multinational financial technology company that provides payment technology and services to merchants, issuers and consumers. The following elements demonstrate why this company is an excellent investment choice. First of all, as per the report for the third quarter of 2024, adjusted net revenues increased 6% to $2.36 billion, compared to $2.23 billion in the third quarter of the prior year. This reflects rising demand or effective operational execution, which could drive higher profitability and shareholder returns in the future. Secondly, the company has partnered with Google to deliver innovative cloud-based products and capabilities, enabling best-in-class digital merchant customer experiences worldwide. As part of the partnership, Global Payments will migrate its merchant-acquiring technology to Google Cloud and will provide merchant-acquiring services to Google to extend its global market reach. In addition, Global Payments and Google Cloud will be launching a series of strategic go-to-market and co-sell activities together.

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