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Global Payments Inc GPN

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Global Payments Returns to Growth in First Quarter, Acquires Zego

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

Global Payments started the year on a solid note, and its return to growth in the quarter echoes what we’ve seen from peers so far. Global Payments is an aggressive company, and following a lull over the past year, announced its acquisition of Zego. This deal appears to be in line with the company’s historical strategy of selectively acquiring software providers in key industry verticals. We will maintain our $179 fair value estimate and narrow moat rating.

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Company Profile

Business Description

Global Payments is a leading provider of payment processing and software solutions and focuses on serving small and midsize merchants. The company operates in 30 countries and generates about one fourth of its revenue from outside North America, primarily in Europe and Asia. In 2019, Global Payments merged with Total System Services in an all-stock deal that gave Total System Services shareholders 48% of the combined company's shares.

Contact
3550 Lenox Road
Atlanta, GA, 30326
T +1 770 829-8000
Sector Industrials
Industry Specialty Business Services
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2020
Stock Type Cyclical
Employees 24,000

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