Billionaire Stephen Mandel’s Top 5 Stock Picks

4. Global Payments Inc. (NYSE: GPN)

Value: $1,363,828,000
Percent of Stephen Mandel’s 13F Portfolio: 4.95%
Number of Hedge Fund Holders: 55

Global Payments is a Georgia-based company that offers payment processing services to merchants. The company allows merchants to accept debit, credit cards and other forms of payment methods in exchange of fees.  The company recently partnered with Google for a digital merchants solution, under which it will migrate its merchant acquiring technology to Google Cloud. It will also provide merchant acquisition services to Google. The stock rallied after the company recently upped its repurchase authorization to $1.5 billion.

A total of 55 hedge funds tracked by Insider Monkey were bullish GPN at the end of the fourth quarter, down from 57 funds a quarter earlier.