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Global Payments Inc GPN

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Global Payments Continues to Recover in Third Quarter

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

While some headwinds persist, Global Payments continued to see its results bounce back from the impact of the COVID-19 pandemic. While the rate of recovery appears to be underwhelming the market, we believe the market is overly focused on the near-term ups and downs created by the pandemic. In our view, Global Payments is attractive fundamentally, as the narrow-moat franchise should continue to benefit from a long-term favorable secular trend, and we see the shares as materially undervalued. We will maintain our $186 per share fair value estimate.

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Company Profile

Business Description

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.

Contact
3550 Lenox Road
Atlanta, GA, 30326
T +1 770 829-8000
Sector Industrials
Industry Specialty Business Services
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type Cyclical
Employees 24,000