5 Trending Stocks to Watch on Monday

2. Global Payments Inc. (NYSE:GPN)

Number of Hedge Fund Holders: 57

Shares of Global Payments Inc. (NYSE:GPN) plummeted more than seven percent after the opening bell today. The drop came after the financial technology company delivered mixed results for the third quarter.

Global Payments Inc. (NYSE:GPN) earned $2.48 per share on an adjusted basis, up from $2.18 per share in the year-ago period but marginally below the consensus of $2.49 per share. On the bright side, adjusted revenue for the quarter increased 3 percent on a year-over-year basis to $2.06 billion, beating the expectations of $2.04 billion.

Looking forward, Global Payments Inc. (NYSE:GPN) continues to expect adjusted earnings in the range of $9.53 – $9.75 per share and adjusted revenue growth between 10 – 11 percent for fiscal 2022.

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