Momentum Stock Watch: Global Payments Inc (GPN)

Company Profile:

Global Payments Inc. provides payment technology and software solutions for card, electronic, check, and digital-based payments to customers globally. It is a member of the S&P 500 with worldwide reach spanning over 100 countries throughout North America, Europe, Asia Pacific and Latin America. The company was founded in 1967 and is headquartered in Atlanta, Georgia.

Recent News:

On June 3, 2021, the company announced that TSYS, its Issuer Solutions business, has signed a multi-year agreement with Banco Carrefour in Brazil. Banco Carrefour is the financial services arm of Carrefour Brasil, the country’s leading supercenter retail chain.

The company reported GAAP revenues were $1.99 billion, compared to $1.90 billion in the first quarter of 2020; diluted earnings per share were $0.66 compared to $0.48 in the prior year; and operating margin was 13.8% compared to 12.8% in the prior year.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

GPN’s strengths can be seen in its strong growth and better profitability compared with its peers. Its revenue has increased in recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator. The RSI stands at 50.69 with positive bias. We rate Global Payments Inc (GPN) a STRONG BUY.