Global Payments
About: Global Payments is a leading provider of payment processing and software solutions and focuses on serving small and midsize merchants. The company operates in 30 countries and generates about one fourth of its revenue from outside North America, primarily in Europe and Asia. In 2019, Global Payments merged with Total System Services in an all-stock deal that gave Total System Services shareholders 48% of the combined company's shares. The merger added issuer processing operations.
Employees: 27,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1% more repeat investments, than reductions
Existing positions increased: 325 | Existing positions reduced: 323
0.17% less ownership
Funds ownership: 90.65% [Q1] → 90.48% (-0.17%) [Q2]
5% less funds holding
Funds holding: 925 [Q1] → 879 (-46) [Q2]
13% less funds holding in top 10
Funds holding in top 10: 15 [Q1] → 13 (-2) [Q2]
16% less call options, than puts
Call options by funds: $265M | Put options by funds: $317M
20% less capital invested
Capital invested by funds: $31.2B [Q1] → $24.9B (-$6.32B) [Q2]
28% less first-time investments, than exits
New positions opened: 119 | Existing positions closed: 165
Research analyst outlook
17 Wall Street Analysts provided 1 year price targets over the past 3 months
17 analyst ratings
Jefferies Trevor Williams 87% 1-year accuracy 13 / 15 met price target | 18%upside $120 | Buy Maintained | 16 Oct 2024 |
RBC Capital Daniel Perlin 82% 1-year accuracy 40 / 49 met price target | 41%upside $143 | Outperform Maintained | 4 Oct 2024 |
Barclays Ramsey El-Assal 73% 1-year accuracy 30 / 41 met price target | 18%upside $120 | Overweight Maintained | 30 Sept 2024 |
BMO Capital Rufus Hone 76% 1-year accuracy 19 / 25 met price target | 20%upside $122 | Market Perform Maintained | 25 Sept 2024 |
Morgan Stanley James Faucette 67% 1-year accuracy 14 / 21 met price target | 54%upside $156 | Overweight Maintained | 25 Sept 2024 |
Financial journalist opinion
Based on 11 articles about GPN published over the past 30 days