|Bid||165.99 x 900|
|Ask||166.05 x 1000|
|Day's Range||163.85 - 166.35|
|52 Week Range||94.81 - 175.95|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||54.04|
|Earnings Date||Oct 28, 2019 - Nov 1, 2019|
|Forward Dividend & Yield||0.04 (0.02%)|
|1y Target Est||184.26|
Global Payments (GPN) buys Total System and creates a market leading position in integrated payments, owned software, and ecommerce and omnichannel solutions.
Moody's Investors Service ("Moody's") affirmed Global Payments Inc.'s (Global Payments) senior unsecured rating of Baa3. Concurrently, Moody's withdrew the Corporate Family Rating (CFR) of Ba2, the probability of default rating of Ba2-PD, the speculative grade liquidity rating of SGL-1, and the senior secured credit facility rating of Ba2. The action follows the closing of Global Payments' merger with Total System Services, Inc (TSYS) and the establishment of the combined company's debt capital structure.
Global Payments Inc. (GPN), a leading worldwide provider of payments technology and software solutions, announced today that it has completed its merger with TSYS, forming the premier pure play payments technology company with extensive scale and unmatched global reach. The combined company, Global Payments Inc., provides innovative payments and software solutions to approximately 3.5 million predominantly small to mid-sized merchant locations, services over 1,300 financial institutions across more than 100 countries and enables digital interactions with over 600 million cardholders globally. "We are delighted to announce the completion of this landmark transaction, creating significant opportunities for our customers, partners, employees and shareholders worldwide," said Jeff Sloan, Chief Executive Officer of Global Payments.
After a lethargic start, some encouraging commentary on the future of international trade lifted stocks out of the doldrums on Tuesday. The S&P 500 ended the day at 3,005.7, up 0.26%, though the gain was made on light volume.Source: Shutterstock Snap (NYSE:SNAP) was one of the key drivers of that progress. The Snapchat parent's stock jumped nearly 7% after Susquehanna analyst Shyam Patil upped his stance on the company from "Negative" to "Neutral." A much bigger Corning (NYSE:GLW), however, was one of the key reasons the broad market didn't fare better. Shares of the industrial tech outfit fell more than 6% after lowering its sales guidance for the quarter now underway. * 10 Recession-Resistant Services Stocks to Buy As for the names worth a closer look headed into Wednesday's session, however, the stock charts of Global Payments (NYSE:GPN), Valero Energy (NYSE:VLO) and Discovery (NASDAQ:DISCA) stand out. Here's what's most interesting about each.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Discovery (DISCA)With nothing more than just a quick glance, Discovery shares look like they're trapped in a choppy, sideways range. And, perhaps that's all it is. A more critical and longer-term look at the action that has taken shape over the course of the past couple of years, however, suggests DISCA stock is alarmingly vulnerable to more downside. It just needs one more good nudge to push it over the edge of that cliff. * Click to EnlargeIt's subtle, but it's too reliable to ignore now. That is, the 200-day moving average line plotted in white on both stock charts has been a key support and resistance level. Last week, it was major resistance. * Zooming out to the weekly chart we can see a glimpse of a head-and-shoulder pattern, with a neckline that was broken in the middle of last month. Once the neckline is broken, the stock in question should theoretically fall the same distance between the neckline and the top of the head. * The last bastion of hope for the bulls is that the recent floor around $26.16, plotted in yellow on the daily chart, continues to hold up as support. Global Payments (GPN)It was news that sparked the volatility in shares of Global Payments yesterday. The European Union has given permission to the payments middleman to acquire Total System Services (NYSE:TSS). As such, some traders expect Tuesday's volatility will have passed by Wednesday. And, perhaps it will.Sometimes, however, it's news that triggers a pent-up technical move that's simply waiting on the right catalyst. If that's the case here for GPN, traders may want to brace for a sizeable pullback. * 7 Stocks the Insiders Are Buying on Sale * Click to EnlargeThe shape of the bar itself is key. Despite a decent start and an early move to a big gain, by the time the closing bell rang, the stock was below Monday's low. This "outside day" reversal suggests a sweeping change of heart often seen at major pivot points. * Yesterday's volume spike also suggests a transition from a net-buying to a net-selling environment. * The weekly chart's RSI line illustrates just how overbought Global Payments was, and still is. That same chart also underscores how important the 100-day moving average line, marked in gray on both stock charts, is as a technical floor. Valero Energy (VLO)Finally, topping with an energy stock right now can be a tricky game. Aside from being something of a political pawn and clearly subject to even threats of disruption, the true depth of global demand is fuzzy as the world works towards alternative energy sources.To the extent one can trust the chart of any oil and gas name at this time though, Valero Energy is dropping some interesting hints. One more bullish "oomph" could get shares up and over a recently developed hurdle and start a major recovery of last year's major meltdown. * Click to EnlargeThe hurdle in question is the line that connects all the recent peaks since the beginning of July, marked in red on both stock charts. * Fueling the range-bound action that set up this consolidation is a floor that not only connects the key lows since late last year, but extends back to early 2018. It's marked in yellow on both stock charts. * Tilting the scales in a bullish direction is the way the moving average lines have converged after a wide divergence. If history repeats itself, they'll start to diverge again, starting with the purple 50-day moving average line's cross above the white 200-day line … a so-called "golden cross" that often portends prolonged bullishness.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post 3 Big Stock Charts for Wednesday: Global Payments, Discovery and Valero Energy appeared first on InvestorPlace.
NEW YORK , Sept. 17, 2019 /PRNewswire/ -- CDW Corp. (NASD: CDW) will replace Total System Services Inc. (NYSE: TSS) in the S&P 500 effective prior to the open of trading on Monday, September 23. S&P 500 ...
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Atlanta-based Global Payments and Columbus, Ga.-based TSYS on May 28 announced a "merger of equals" to create one of the country's largest fintech companies.
Global Payments (GPN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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Senior EVP and CIO of Global Payments Inc (30-Year Financial, Insider Trades) Guido Francesco Sacchi (insider trades) sold 10,450 shares of GPN on 08/19/2019 at an average price of $159.44 a share. Continue reading...
Global Payments and Total System Services announced their deal on May 28 to create one of the country's largest fintech companies.
The Atlanta office market is in store for big changes soon, thanks in part to recent mergers and acquisitions, four of which represent more than 2.5 million square feet of pre-merger office space.
The offering is expected to close on August 14, 2019, subject to the satisfaction of customary closing conditions, and is being conducted in connection with the previously announced proposed merger with Total System Services, Inc. (“TSYS”). The Company intends to use the net proceeds from the offering, together with borrowings under its new unsecured $2.0 billion term loan facility and new unsecured $3.0 billion revolving credit facility which closed on July 9, 2019, and cash on hand, to refinance certain outstanding indebtedness of Global Payments and TSYS, to make cash payments in lieu of fractional shares as part of the merger consideration, to pay transaction fees and costs related to the merger and for general corporate purposes. The offering is being made only by means of a prospectus supplement and accompanying prospectus, which are part of a shelf registration statement that the Company filed with the Securities and Exchange Commission.
After a nasty four-day rout, the sellers finally gave long-term investors a break. The S&P 500 was up 1.3% on Tuesday, wiping away a small fraction of what has been recently lost.Source: Shutterstock Still, it's far from assurance that the reversal effort is going to get traction.Disney (NYSE:DIS) carried more than its fair share of the weight during the session, up more than 2% headed into its post-close earnings report. An earnings and revenue miss, however, sent DIS stock more than 3% lower in after-hours action. It's poised to start today in the hole. Ford (NYSE:F) jumped 2.7% yesterday in response to an upgrade from Morgan Stanley, and was able to hold onto that gain.InvestorPlace - Stock Market News, Stock Advice & Trading TipsKeeping the market's gain in check more than any other name on Tuesday was Chesapeake Energy (NYSE:CHK). Shares of the natural gas company tumbled nearly 11% to a 20-year low after reporting a loss for its recently completed quarter. * 10 Stocks to Buy on the Trade War Dip None are compelling prospects moving into the midpoint of this week, however. Rather, it's the stock charts of Dish Network (NASDAQ:DISH), Cardinal Health (NYSE:CAH) and Global Payments (NYSE:GPN) that merit the closest looks. Global Payments (GPN)Headed into July, it was impossible to argue that Global Payments shares weren't overbought and ripe for profit-taking. The weekly chart's RSI indicator hadn't been overbought as high as it was since the beginning of 2018, and hadn't been this overbought for as along as it had been in many, many years.The weight of that big gain since the beginning of the year finally become unbearable last week, when marketwide selling finally knocked GPN stock off of its perch as well. A couple of key support levels were broken as a result. Even so, the most important floor here remains intact. * Click to EnlargeThat crucial floor is the 100-day moving average line, marked in gray on both stock charts. The bleeding stopped there on Monday, and the sellers didn't even test it on Tuesday. * Although the 100-day average is still intact as support, the purple 50-day moving average line isn't. Neither are either of the straight-line support lines that kept Global Payments going higher since early this year. * If the 100-day moving average line does fail to keep the stock propped up, the Fibonacci retracement line near $143 and then the 200-day moving average line plotted in white become the next most-likely floors. Cardinal Health (CAH)Cardinal Health shares have been fighting a losing battle since 2015, partially because it's in the wrong business at the wrong time, and partly because it's dealing with some company-specific challenges.Although it's still logging lower highs, the failure to make lower lows since late-2018 offered a glimmer of hope that the selling may finally be coming to a close and a new uptrend could be close to taking shape. As of Tuesday's close though, CAH stock is one more bearish day from slipping back into a bearish paradigm. * 7 Stocks the Insiders Are Buying on Sale * Click to EnlargeThe make-or-break level is right around $42, marked in yellow on both stock charts. Yesterday was the third day that area acted as a floor. * Adding bearish fuel to the fire is the repeated resistance seen at the 200-day moving average line plotted in white on both stock charts. The two most recent instances are highlighted on the daily chart. * Should the floor at $42 break, the next most-likely floor is the line that connects all the key lows going back to 2015. Currently near $38, it's marked in red on the weekly chart. Dish Network (DISH)Finally, back on July 25 I pointed out that Dish Network had just logged a telling bar. That is, on July 24, DISH stock formed an "outside day," where that day's range completely engulfed the previous day's high/low range just with the open and close on the 25. It's a strong clue that a major swing in sentiment had just materialized.As scripted, the bears sank their teeth into Dish Network that same day, dragging the stock lower through Monday of this week … with some help from the market. Regardless of the context or reason though, on Tuesday we started to see subtle signs that the bears are done, and are now yielding to the bulls. * Click to EnlargeOne of those signs is of course Tuesday's gain, as part of a hammer-shaped bar. The open and close near the high of a fairly tall bar indicates a transition from a net-selling to a net-buying environment. * The volume bars also point to an end to the bearish pressure and the beginning of a bullish tide. The volume was falling all the way down, but was up a bit again on Tuesday when DISH stock was rising. * Curiously, the low from Tuesday, and what may be the absolute low for this pullback, aligns with the low $30.90, plotted in yellow, from May that took shape right in front of a rather big rally.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cyclical Stocks to Buy (or Sell) Now * 7 Biotech ETFs That Should Remain Healthy * 7 of the Hottest AI Stocks to Buy Now The post 3 Big Stock Charts for Wednesday: Cardinal Health, Dish Network and Global Payments appeared first on InvestorPlace.
Moody's Investors Service ("Moody's") assigned a senior unsecured rating of Baa3 to Global Payments Inc. (Global Payments) proposed issuance of senior unsecured notes. Proceeds from the senior unsecured notes issuance will be used to repay existing debt at the closing of the company's pending merger with Total System Services, Inc ("TSYS", Baa3 stable).
Goldman Sachs has just revealed a valuable investing strategy that’s worth keeping a close eye on in the coming months. The firm is now recommending stocks with the fastest expected return-on-equity growth (or ROE). That’s because market upside is increasingly limited from current levels, says Goldman Sachs. “We forecast flat S&P 500 margins through 2020, with risks tilted to the downside. ... Amid concerns about the growth and profitability outlook this year, investors have assigned a premium to companies able to expand ROE,” the firm’s chief US equity strategist David Kostin said. He directed investors to the firm’s basket of 50 S&P 500 stocks with the highest consensus estimates of ROE growth. This basket is already proving its worth and is currently beating the index by 5 percentage points year-to-date. In essence, ROE reflects the return a company generates on capital that is owned by the shareholders.“The basket typically outperforms in weakening growth environments as investors assign a scarcity premium to firms that are able to expand ROE despite index-level headwinds,” Kostin told investors. So with this outlook in mind, here are five stocks that feature on the firm’s ROE basket list: 1\. Under Armour (UA)Athletic apparel retailer Under Armour has had a volatile time recently. Shares plunged 20% after the company reported disappointing revenue, on weaker-than-expected North American sales. Rising trade tensions haven’t helped either, although shares are still trading up 23% year-to-date.Don’t give up yet, says top Stifel Nicolaus analyst Jim Duffy. He has just reiterated his buy rating on the stock with a $30 price target (56% upside potential). He remains adamant that the bullish investing thesis ‘remains in-tact’ and advised investors to focus on UA’s ‘green pasture opportunities’ and ‘capacity for margin improvement and multi-year earnings power’. “Bears will cling to concerns over growth in North America… [but] we remain confident that Under Armour is building a healthier revenue base in North America, upon which it can grow more meaningfully in future periods, and continue to believe North America revenue can accelerate into 2020 and beyond,” Duffy wrote. Citigroup analyst Paul Lejuez also focuses on the long-term picture: “With Under Armour in the early stages of its five-year plan, choppiness quarter-to-quarter is not unexpected,” he wrote. The analyst upgraded UA from Hold to Buy back in April, stating at the time “Under Armour has grown up, with a renewed focus on driving profitability and return on invested capital.” From the Street’s top analysts, UA shows a cautiously optimistic Moderate Buy analyst consensus. That’s with 3 buy ratings vs 1 hold rating and 1 sell rating. Meanwhile the average analyst price target stands at $26 (35% upside potential). 2\. Apple (AAPL)iPhone maker Apple is another key stock highlighted by Goldman Sachs for its ROE potential. Investors rejoiced as Apple reported excellent 3Q:FY19 results and served up a strong outlook. Although the iPhone portfolio continued to struggle in the quarter, Apple grew its non-iPhone revenue by 17% with notable strength in Wearables and further progress in Services. Following the quarter, five-star Monness analyst Brian White increased estimates, while raising his 12-month price target from $245 to $265 (30% upside potential). “We found the tone of the call upbeat with Apple serving up a strong outlook and voicing enthusiasm around the innovation pipeline” cheered White. He also noted that the launch of a 5G iPhone in 2020 has the potential to drive a healthy upgrade cycle. Meanwhile Daniel Ives tells investors not to panic about President Trump’s latest tariff tweets. While AAPL remains the "poster child" for the US/China UFC trade battle, “seeing the forest through the trees the fundamental impact on iPhone production and the potential cost increases are thus far containable in our opinion” Ives said. Best performing analysts score the stock a ‘Moderate Buy.’ In the last three months, AAPL has received 12 buy ratings and 8 hold ratings. These 20 top analysts have a $228 average analyst price target, indicating 12% upside potential for AAPL stock. 3\. Cisco Systems (CSCO)Worldwide IT leader Cisco has just announced a $2.6 billion deal to buy high-speed optical components maker Acacia Communications. The acquisition should reinforce Cisco’s position as the leader in enterprise networking, enthuses five-star Robert W Baird analyst Jonathan Ruykhaver. “With the explosion of bandwidth in the multi-cloud era, optical interconnect technologies are becoming increasingly strategic” explained Cisco’s executive VP, David Goeckeler. He added: "The acquisition of Acacia will allow us to build on the strength of our switching, routing and optical networking portfolio to address our customers’ most demanding requirements.”However, as Ruykhaver points out, the deal will have to go through the standard regulatory process, which includes a Chinese review. He has a buy rating on the stock and $57 price target. Even though Emerging Markets (~20% of revenue) continues to be an area of inconsistency, the analyst believes Cisco remains very well positioned. That’s as the company makes important strides towards a recurring revenue model, which today account for 30% of the company’s revenue.Like Apple, Cisco shows a Moderate Buy consensus with 12% upside potential from the $60 average price target. Twelve top analysts have published buy ratings on the stock recently, with 5 analysts staying on the sidelines. 4\. Sempra Energy (SRE)Serving approximately 40 million consumers worldwide, California-based Sempra Energy focuses on electric and natural gas infrastructure. RBC Capital’s Shelby Tucker has a buy rating on Sempra with a $145 price target. He made the bullish call despite the company’s recent earnings miss, noting that Sempra maintained its guidance for full year 2019.“The main driver of the miss to our estimate comes from weaker-than-expected results at SoCalGas and the Texas utilities, partially offset by stronger performance at Sempra LNG. Despite the miss, SRE has reaffirmed its 2019 adjusted EPS guidance range of $5.70-$6.30” noted Tucker. Only a couple of analysts have published recent ratings on Sempra stock- with the consensus working out at Moderate Buy. Their average price target works out at $147 (8% upside potential). 5\. Global Payments (GPN) Last but not least comes fintech giant Global Payments. The stock is buzzing right now following solid earnings results. Analysts responded with a wave of positive sentiment and price target hikes. Notably, SunTrust analyst Andrew Jeffrey raised his price target to $190.00 (from $175), while Susquehanna’s James Friedman now has a Street-high price target of $200.00 (up from $170 previously).“The quarter represents yet another beat-and-raise as Global Payments continues to deliver upside on both the top and bottom-line, and we view the updated FY19 targets as likely conservative based on our belief that there is margin upside for the [fiscal year] even beyond the upwardly revised margin outlook,” wrote Jefferies’ Trevor Williams, who rates the stock a buy with a $190 target price. “While the bar for the quarter was relatively high given the run in shares, we think that the results will be enough to sustain the momentum in the stock.” What’s more the massive $21.5 billion merger with Total System Services (TSS) is now fast-approaching. “Importantly, the TSS merger is set to close as early as the beginning of 4Q19 and preliminary work has led to mgmt. being incrementally more confident in delivering and potentially exceeding targets” commented Deutsche Bank’s Bryan Keane on July 31. Out of all the stocks highlighted by Goldman Sachs, GPN is the only stock with a ‘Strong Buy’ Street consensus. Indeed, 14 of 15 top analyst ratings in the last three months are a ‘buy.’ Meanwhile the average analyst price target of $180 suggests 11% upside potential lies ahead. Discover Wall Street's best-rated Trending Stocks over the last week
Atlanta’s Most Admired CEOs of 2019 are scheduled to be honored on Aug. 22 at an awards event at The Fairmont.