Top 10 Undervalued Tech Stocks to Buy According to Hedge Funds

4. Global Payments Inc. (NYSE:GPN)

Number of Hedge Fund Investors: 66

Forward P/E Ratio as of January 13: 8.23

Global Payments Inc. (NYSE:GPN) is a leading provider of payment technology and software solutions for merchants, issuers, and consumers. Global Payments Inc. (NYSE:GPN) has a robust portfolio of products and services, including point-of-sale (POS) systems, integrated and embedded payments, and core payments solutions, as well as issuer solutions for financial institutions. The company earns revenue through transaction fees and software subscriptions.

Global Payments Inc. (NYSE:GPN) is actively refocusing its strategy to streamline and simplify its operations to play to its competitive strengths. The company is consolidating its POS assets under the Genius brand and extending them globally, which will enhance its ability to grow, drive efficiency, and accelerate value delivery for partners and clients. This consolidation is expected to improve the company’s return on invested capital and create a more unified and cohesive go-to-market approach.

Additionally, Global Payments Inc. (NYSE:GPN) is concentrating its investments on the assets and verticals that will be most impactful for driving growth and capturing market share. By better connecting its leading commerce enablement solutions with its POS and software environments, the company aims to deliver a more frictionless experience and drive higher returns.

To further enhance its distribution capabilities, Global Payments Inc. (NYSE:GPN) is expanding its reach through a variety of channels, including direct sales, strategic partnerships, joint ventures, and indirect relationships. The company is particularly focused on growing its integrated and embedded payments business by adding new partners to its ecosystem.