5 Value Stocks That Are Too Cheap To Ignore

4. Global Payments Inc. (NYSE:GPN)

Number of Hedge Fund Holders: 57

Global Payments Inc. (NYSE:GPN) is a payments technology and solutions firm that is headquartered in Atlanta, Georgia, the United States. The company provides funding solutions, prepaid debit and payroll cards, and a commercial payments platform.

Global Payments Inc. (NYSE:GPN) managed to reduce the headwinds from shutting down its Russian business by acquiring another large payments firm that will end up expanding its customer base to 4.5 billion for a 500 million increase from last year. Following the acquisition, the firm aims to increase its revenue by as much as 11% annually this year to sit at $8.55 billion.

Global Payments Inc. (NYSE:GPN)’s second quarter revenue stood at $2.2 billion, marking 6.7% annual growth. It pays a 25 cent dividend for a 0.87% yield. Insider Monkey’s Q2 2022 survey of 895 hedge funds outlined that 57 had also bought the company’s shares.

Global Payments Inc. (NYSE:GPN)’s largest investor is William B. Gray’s Orbis Investment Management which owns 5.6 million shares that are worth $626 million.

Manole Capital Management mentioned the company in its Q2 2022 investor letter. Here is what the fund said:

“Over the next week or so, we will be publishing a stock-specific note on payment processor Global Payments Inc. (NYSE:GPN). We have owned GPN for nearly two decades and it currently is one of our largest positions. We will begin by highlighting recent spending trends, eCommerce developments and how many of our payment companies can actually benefit from inflation and higher costs. We will discuss their business, industry trends, what is driving their growth, and then highlight their compelling valuation.”