Global Payments Inc
GPN: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$689.00 | Pqcnj | Yrxssqk |
Global Payments Earnings: Steady on a Good Trajectory
Global Payments turned in a strong second quarter, with solid growth and a strong improvement in margins. The company is tracking a bit ahead of our full-year expectations but not by a large enough margin to alter our $179 fair value estimate for the narrow-moat company. We continue to see shares as materially undervalued and believe the company's recent performance should help to dispel fears of disruption.