Global Payments' Active Approach to Growth
While many of today's best fintech companies garner their fair share of press, a precious few are still under most investors' radars. Take Global Payments Inc (NYSE: GPN), for instance. This payment processing company recently reported stellar second quarter results, something that has become a familiar happening for the few who follow the company.
In the quarter, the company's adjusted net revenue increased 18.4% year-over-year to $847.9 million and adjusted earnings per share increased 24% year-over-year to $0.94. In another familiar event for shareholders, the company also raised its full year guidance for 2017: Adjusted net revenue is now expected to increase 20% to 22% and adjusted EPS is being projected to increase 21% to 25% over 2016's numbers.
What should really get the attention of investors, though, is that on the same day the company announced its second quarter earnings results, it also announced it would be acquiring the communities and sports divisions of ACTIVE Network from the private equity firm, Vista Equity Partners.
Source: Fool.com
Global Payments Stock
The stock is one of the favorites of our community with 36 Buy predictions and 1 Sell predictions.
With a target price of 143 € there is a hugely positive potential of 66.55% for Global Payments compared to the current price of 85.86 €.
