GPN
Global Payments Inc.
Finance/Real Estate
09/20/2013
Presented
| Date | 09/18/2013 |
| Price | $24.96 |
| Market Cap | $3.77B |
| Ent Value | $4.38B |
| P/E Ratio | 25.22x |
| Book Value | $7.00 |
| Div Yield | 0.1% |
| Shares O/S | 151.16M |
| Ave Daily Vol | 1,360,000 |
| Short Int | 4.74% |
Current
| Price | $102.85 |
| Market Cap | $26.17B |
| Global Payments Inc. provides electronic payments transaction processing services to consumers, merchants, independent sales organizations (ISOs), financial institutions, government agencies, and multi-national corporations in the United States, Canada, Brazil, the United Kingdom, Spain, the Republic of Malta, the Czech Republic, the Russian Federation, and the Asia-Pacific region. The company serves as the processing intermediary between the merchant, the credit and debit networks, and the financial institutions that issue cards. It offers processing solutions for credit cards, debit cards, and electronic payments; and check-related services. The company’s services include terminal sales and deployment, front-end authorization processing, settlement and funding processing, customer support and help-desk functions, chargeback resolution, industry compliance, payment card industry security, consolidated billing and statements, and online reporting. It also offers VIP LightSpeed proprietary software and VIP Preferred Advantage product that provide the gaming industry with the tools necessary to establish revolving check cashing limits for a casino’s customers. The company offers credit and debit card transaction processing services for various international card brands, including American Express, China UnionPay, Discover, JCB, MasterCard, and Visa, as well as for certain domestic debit networks, such as Interac in Canada. It serves various industries, including financial institutions, gaming, government, health care, professional services, restaurants, retail, universities, nonprofit organizations, and utilities. The company markets its products and services through direct sales force, ISOs, an internal telesales group, retail outlets, trade associations, alliance bank relationships, and financial institutions. Global Payments Inc. was founded in 1967 and is headquartered in Atlanta, Georgia. |
Please note, this stock split on 11/03/2015 at a ratio of 2/1. The presented data has been updated to account for the change, however, the text of the note may refer to data based on the original presented price of $49.93.
Highlights
Now that declines in Global Payment’s Canadian business have stabilized, the presenter – who until very recently had a negative view on the payments processing services provider – is long the stock on the promise of growth in key markets, reductions to debit card interchange fees, and the potential for the company to lever up and either buy back stock or potentially make an accretive acquisition.
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