11 Oversold Tech Stocks to Buy According to Hedge Funds

2. Global Payments Inc. (NYSE:GPN)

RSI: 33.12

Number of Hedge Fund Holders: 71

Global Payments Inc. (NYSE:GPN) is a US-based financial technology company that provides payment processing and software solutions to more than 4.6 million merchants, 1,500 financial institutions, and billions of consumers worldwide. In short, GPN technology securely connects businesses, banks, and customers to process payments made with cards, phones, or online systems.

Global Payments Inc. (NYSE:GPN) delivered strong financial performance in 2024, achieving 6% adjusted net revenue growth, record adjusted operating margins, and double-digit adjusted EPS growth, despite incremental FX headwinds. The company generated approximately $3 billion in adjusted free cash flow and returned $1.8 billion to shareholders, including proceeds from the recent divestiture of AdvancedMD. The company made significant progress in its transformation agenda, including consolidating technology teams under common leadership, centralizing operating functions, and unifying the Merchant Solutions business into a homogeneous worldwide organization.

Looking ahead to 2025, Global Payments Inc. (NYSE:GPN) expects constant currency adjusted net revenue growth of 5% to 6% over 2024, excluding dispositions, with annual adjusted operating margin expansion of approximately 50 basis points. The company has increased its operational transformation target to more than $600 million of annual run-rate operating income benefit by the first half of 2027, up from the initial outlook of more than $500 million. The company plans to return approximately $2 billion to shareholders during 2025 and will continue executing its transformation initiatives, including the global rollout of its Genius platform and further streamlining of operations. With ambitious plans and at least 71 hedge funds owning the stock, GPN secures its second place on our list of oversold stocks to invest in.