Global Payments Inc
GPN: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$794.00 | Dvtrfsb | Tcmtypyv |
Global Payments Maintains a Solid Competitive Position
Business Strategy and Outlook
We believe the market is concerned about disruption to incumbent payment players like Global Payments. In our view, though, Global Payments continues to benefit from a strong competitive position and is successfully adapting to a changing industry. Additionally, we think upcoming moves to streamline the business and focus on capital return could be long-term positives. While Worldpay struggled under FIS' roof, we think that was due to underinvestment, an issue that we don't believe applies to Global Payments.