Retirement Stock Portfolio: 12 Safe Tech Stocks To Consider

3. Global Payments Inc. (NYSE:GPN)

Beta Value: 0.99

Dividend Yield: 1.0%

Number of Hedge Fund Holders: 66

Global Payments Inc. (NYSE:GPN) is a U.S.-based financial technology company that provides payment technology and software solutions. Its extensive global commerce network includes 4.6 million merchant accounts, 4,000 tech partners, 1,500 financial institutions, and spans over 100 industries.

In the second quarter, Global Payments Inc. (NYSE:GPN) delivered strong financial results, with adjusted net revenue growing by 6% to $2.32 billion and adjusted earnings per share increasing by 12% to $2.93.

Barclays recently reaffirmed its Overweight rating on Global Payments Inc. (NYSE:GPN) with a price target of $120, despite concerns from investors about a potential slowdown in the company’s Merchant Solutions segment in 2025. Barclays countered market fears of market share loss, noting that the slowdown is not as alarming as it seems. The firm pointed out that over the past year, the company’ Point of Sale (POS) & Software grew by 10%, Integrated & Embedded by 8%, and Core Payments by 5%, resulting in overall high-single-digit growth.

By the end of Q2 2024, 66 hedge funds tracked by Insider Monkey held positions in Global Payments Inc. (NYSE:GPN), worth a total of $3.678 billion. Pzena Investment Management was the largest shareholder during this period.