165.10 0.00 (0.00%)
After hours: 6:08PM EDT
|Bid||165.30 x 900|
|Ask||165.33 x 800|
|Day's Range||164.02 - 165.60|
|52 Week Range||94.81 - 166.14|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||55.38|
|Forward Dividend & Yield||0.04 (0.02%)|
|1y Target Est||N/A|
Total System Services was the third, and likely final, acquisition in the payments space during a busy first half for the industry.
Global Payments (GPN) closes a fresh senior unsecured term loan and an unsecured revolving credit facility to provide financial cushion to its upcoming merger with Total Systems.
Global Payments Inc. (NYSE:GPN) received a lot of attention from a substantial price increase on the NYSE over the...
Five years in the making. That is essentially the time it has taken for the S&P 500 to hit a milestone mark at 3,000 for the first time in its history. The stock gauge first closed at 2,000 on Aug. 26, 2014, according to Dow Jones Market Data.
Global Payments Inc NYSE:GPNView full report here! Summary * Bearish sentiment is moderate Bearish sentimentShort interest | NeutralShort interest is moderate for GPN with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $3.86 billion over the last one-month into ETFs that hold GPN are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The Zacks Analyst Blog Highlights: JPMorgan, Thermo Fisher, Broadcom, Marriott and Global Payments
The Zacks Analyst Blog Highlights: Chipotle Mexican Grill, Global Payments, Arconic, Roper Technologies and American International
Global Payments is suing Bruce Nanton, formerly the company's senior vice president and chief technology officer, core processing and integrations.
Helping the fintech sector thrive in Atlanta is TTV Capital, a venture capital firm that has focused on fintech investing since the early 2000s and has backed 53 companies.
Visa (V) to buy Rambus portfolio for boosting tokenization, which will lead to safer payments, and enhancing its ticketing portfolio as well.
The size of Global Payments Inc. (NYSE:GPN), a US$25b large-cap, often attracts investors seeking a reliable...
Global Payments Inc. (NYSE:GPN), a large-cap worth US$25b, comes to mind for investors seeking a strong and reliable...
An increase in consumer spending leads to gains in payment services stocks and this momentum is likely to stay given the bullish outlook for growth in retail spending.
Having changed the payment processing game, Square (NASDAQ:SQ) is looking for new games to play. Remember, Square added banking services to processing, like loans and accounting services. This allowed it to grow with the tiny businesses that first got its processing dongle because it was simple and portable.Source: Via SquareSquare's success has forced rivals to respond with a wave of consolidation, most recently the $21.5 billion merger of Global Payments (NYSE:GPN) and Total System Services (NYSE:TSS).But while the processors are protecting their turf by surrounding their services with software, Square is branding new services to expand its reach.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Bitcoin and CashOne of those is Bitcoin. Square recently hired a former Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) executive, Steve Lee, to run its Bitcoin platform and, needless to say, crypto enthusiasts are very excited.So is Square co-founder and CEO Jack Dorsey. He considers Bitcoin the native currency of the internet, and the internet to be bigger than any nation state. Thus, Bitcoin will become a global currency, he believes. * 5 Stocks to Buy for $20 or Less Dorsey is also down on cash and expects apps like his own Square Cash to replace it. Nomura Instinet says 2.2 million downloads of Square Cash were made in May, which was even more than Paypal's (NASDAQ:PYPL) Venmo.With Square Cash acting as a bank account and Bitcoin becoming a global currency, Square is aiming for the purchaser side of transactions, not just the merchant processing side. It's also hoping to get past its transaction processing rivals, jumping ahead of Visa (NYSE:V) with its own processing system. Analysts Love Square StockHype and growth let Square grow its own market cap despite a distinct lack of profits.Net losses have risen for four quarters, to $38 million in the March quarter, and it's expected to barely break even for the current quarter, which will be reported July 31. Still, the shares are up 29% so far in 2019, right in line with Visa, which has both earnings and a dividend.Hedge funds continue to pile into Square stock and almost half the analysts following Square have it on their buy lists.Growth has been spectacular, roughly 50% in 2018, and 45% year-over-year in the March quarter. Bears might note that the research budget, and other general expenses, are rising right along with revenue. But Jack Dorsey's reality distortion field keeps attracting investors. Between them Square and Twitter (NASDAQ:TWTR), the other publicly traded company he runs, have a market cap of about $59 billion. Where Next for SQ Stock?Square's latest move is to consolidate its offerings for specific verticals. Restaurants, for instance, can now get full integration between their table service and delivery apps like Postmates and DoorDash. This means all their money flows through one place, and one account. The product also connects with Square Payroll and Square Capital.What this illustrates is how Square, rather than being just a threat to processors, is increasingly a threat to banks. Square is using accounting to draw bank business from merchants, just as banks once used processing to draw businesses to them. It has changed the game.The risk in being everything to a business, of course, is what happens when Square goofs, as it did recently in e-mailing receipts to the wrong parties. So far, the market has been forgiving. The Bottom LineOur James Brumley has written that while the honeymoon with Square is over, the company seems prepared for a marriage. He expects Square to become profitable and less volatile.But some volatility can be expected with Dorsey, who is using Square to push his favorite issues, like the integration of immigrants, and seems less interested than ever in being the kind of buttoned-down CEO Wall Street expects.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in GPN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post As Square Stock Grows, It's Changing the Game appeared first on InvestorPlace.
Increase in retail sales expanded business volumes for companies engaged in the payments' ecosystem as customers look for easy modes of transactions.