Billionaire Louis Bacon’s Top 10 Long-Term Stock Picks

3. Global Payments Inc. (NYSE:GPN)

Number of Hedge Fund Holders: 66    

Moore Global Investments’ Stake: $37.4 million

Global Payments Inc. (NYSE:GPN) is a multinational financial technology company that provides payment technology and services to merchants, issuers and consumers. The first thing that makes Global Payments worth investing in is its consistent and commendable financial growth. As per the reports of the third quarter of 2024, GAAP revenue was $2.60 billion, showing an increase of 5%, and adjusted net revenue was $2.36 billion, portraying an increase of 6%. In addition, Global Payments’ Board of Directors approved a dividend of $0.25 per share. The Board of Directors also approved an increase in the company’s share repurchase authorization capacity to $2.5 billion. Secondly, a joint venture between Global Payments and Commerzbank offers digital payment solutions to small and medium-sized business customers across Germany. This may hold worth for investors as it is expected to enhance Global Payments’ presence in the European market and offer innovative solutions to merchants. Moreover, another collaboration between PayPal and Global Payments aims to simplify the checkout process for US merchants, offering consumers ease.