Global Payments' Successful Two-Pronged Strategy
Global Payments Inc. (NYSE: GPN) is a payment processing company, meaning it processes credit, debit, and mobile payments at the point of sale or online for merchants and vendors. With a market cap of $15 billion and in an industry most consumers aren't familiar with, Global Payments is probably flying under most investors' radars. And given its market-beating returns of the past few years, that's a shame. This year alone, Global Payments' stock price has risen more than 43%, nearly triple the S&P 500's returns over the same period.
In the company's recently reported third-quarter earnings report, Global Payments once again showed strong growth: Adjusted net revenue grew to $930.4 million, a 12% increase year over year, and adjusted EPS grew to $1.15, a 29% increase year over year. The company not only grew, but grew more profitable: Adjusted operating margin increased 110 basis points to 31.3%.
Source: Fool.com
Global Payments Stock
Currently there is a rather positive sentiment for Global Payments with 8 Buy predictions and 4 Sell predictions.
As a result the target price of 77 € shows a slightly positive potential of 5.48% compared to the current price of 73.0 € for Global Payments.
