Company profile

Ticker
GPN
Exchange
CEO
Jeffrey Steven Sloan
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
582567903

GPN stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

3 Aug 20
25 Oct 20
31 Dec 20

News

Quarter (USD) Jun 20 Mar 20 Sep 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 May 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
15 Oct 20 Jacobs William I Common Stock Sell Dispose S Yes 175.16 500 87.58K 23,893
15 Sep 20 Jacobs William I Common Stock Sell Dispose S Yes 171.46 500 85.73K 24,393
4 Sep 20 Jacobs William I Common Stock Sell Dispose S No 174.895 7,224 1.26M 24,893
4 Sep 20 Jacobs William I Common Stock Option exercise Aquire M No 21.035 7,224 151.96K 32,117
4 Sep 20 Jacobs William I Incentive Stock Option Common Stock Option exercise Dispose M No 21.035 7,224 151.96K 0
27 Aug 20 Ruth Ann Marshall Common Stock Sell Dispose S No 176 1,624 285.82K 40,074
27 Aug 20 Ruth Ann Marshall Common Stock Option exercise Aquire M No 21.035 1,624 34.16K 41,698
27 Aug 20 Ruth Ann Marshall Incentive Stock Option Common Stock Option exercise Dispose M No 21.035 1,624 34.16K 0
15 Jul 20 Jacobs William I Common Stock Sell Dispose S Yes 166.25 500 83.13K 24,893
86.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 843 829 +1.7%
Opened positions 92 91 +1.1%
Closed positions 78 119 -34.5%
Increased positions 310 277 +11.9%
Reduced positions 311 356 -12.6%
13F shares
Current Prev Q Change
Total value 44.01B 37.83B +16.3%
Total shares 258.92M 262.35M -1.3%
Total puts 1.14M 807.41K +40.6%
Total calls 827.21K 901.01K -8.2%
Total put/call ratio 1.4 0.9 +53.1%
Largest owners
Shares Value Change
N Price T Rowe Associates 45.49M $7.72B +5.2%
Vanguard 24.35M $4.13B -1.1%
BLK BlackRock 18.92M $3.21B -11.5%
Wellington Management 17.06M $2.89B +20.0%
STT State Street 11.81M $2B +0.7%
FMR 9.07M $1.54B -25.5%
SNV Synovus Financial 8.7M $1.48B -0.1%
Massachusetts Financial Services 7.21M $1.22B -18.2%
Capital International Investors 6.01M $1.02B +3.5%
Lone Pine Capital 4.79M $812.4M -3.3%
Largest transactions
Shares Bought/sold Change
FMR 9.07M -3.1M -25.5%
Wellington Management 17.06M +2.84M +20.0%
Egerton Capital 2.52M +2.52M NEW
BLK BlackRock 18.92M -2.46M -11.5%
N Price T Rowe Associates 45.49M +2.23M +5.2%
Massachusetts Financial Services 7.21M -1.6M -18.2%
Millennium Management 1.01M +1.01M NEW
Manufacturers Life Insurance Company, The 511.83K -940.72K -64.8%
Swedbank 605.51K -902.09K -59.8%
JPM JPMorgan Chase & Co. 3.14M -890.72K -22.1%

Financial report summary

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Competition
Barclays BankFiservFirst DataSquareWorldpayFirst DataWorldpay
Risks
  • Our ability to protect our systems and data from continually evolving cybersecurity risks or other technological risks could affect our reputation among our customers and cardholders, adversely affect our continued card network registration or membership and financial institution sponsorship, and may expose us to penalties, fines, liabilities and legal claims.
  • The payments technology industry is highly competitive, and some of our competitors are larger and have greater financial and operational resources than we do, which may give them an advantage with respect to the pricing of services offered to customers and the ability to develop new technologies.
  • In order to remain competitive and to continue to increase our revenues and earnings, we must continually and quickly update our services, a process that could result in higher costs and the loss of revenues, earnings and customers if the new services do not perform as intended or are not accepted in the marketplace.
  • Our revenues from the sale of services to merchants that accept Visa cards and Mastercard cards are dependent upon our continued Visa and Mastercard registrations, financial institution sponsorship and, in some cases, continued membership in certain card networks.
  • Our Business and Consumer Solutions segment relies on certain relationships with issuing banks, distributors, marketers and brand partners. The loss of such relationships, or if we are unable to maintain such relationships on terms that are favorable to us, may materially adversely affect our business, financial position, operating results or cash flows.
  • Our systems or our third-party providers' systems may fail, which could interrupt our service, cause us to lose business, increase our costs and expose us to liability.
  • We may experience software defects, undetected errors, and development delays, which could damage customer relations, decrease our potential profitability and expose us to liability.
  • Increased merchant, referral partner or ISO attrition could cause our financial results to decline.
  • Our future growth depends in part on the continued expansion within markets in which we already operate, the emergence of new markets, and the continued availability of alliance relationships and strategic acquisition opportunities.
  • There may be a decline in the use of cards and other electronic payments as a payment mechanism for consumers or other adverse developments with respect to the card industry in general.
  • Consolidation among financial institutions or among retail customers, including the merger of our customers with entities that are not our customers or the sale of portfolios by our customers to entities that are not our customers could materially affect our financial position, results of operation or cash flows.
  • If we do not renew or renegotiate our agreements on favorable terms with our customers within the Issuer Solutions segment, our business will suffer.
  • We incur chargeback losses when our merchants refuse or cannot reimburse us for chargebacks resolved in favor of their customers. Any increase in chargebacks not paid by our merchants may adversely affect our business, financial condition, results of operations and cash flows.
  • Fraud by merchants, prepaid cardholders or others and losses from overdrawn cardholder accounts could have an adverse effect on our financial condition, results of operations and cash flows.
  • We are subject to economic and geopolitical risk, the business cycles and credit risk of our customers and the overall level of consumer, business and government spending, which could negatively affect our business, financial condition, results of operations and cash flows.
  • Increases in card network fees may result in the loss of customers and/or a reduction in our earnings.
  • Any new implementation of or changes made to laws, regulations or other industry standards affecting our business in any of the geographic regions in which we operate may require significant development efforts or have an unfavorable effect on our financial results and our cash flows.
  • We are subject to risks associated with changes in interest rates or currency exchange rates, which could adversely affect our business, financial position, results of operations and cash flows, and we may not effectively hedge against these risks.
  • A downgrade in the ratings of our debt could restrict our ability to access the debt capital markets and increase our interest costs.
  • Changes in the method for determining the London Interbank Offered Rate ("LIBOR") and the potential replacement of the LIBOR benchmark interest rate could adversely affect our business, financial condition, results of operations and cash flows.
  • The integration and conversion of our acquired operations or other future acquisitions, if any, could result in increased operating costs if the anticipated synergies of operating these businesses as one are not achieved, a loss of strategic opportunities if management is distracted by the integration process, and a loss of customers if our service levels drop during or following the integration process.
  • The costs and effects of pending and future litigation, investigations or similar matters, or adverse facts and developments related thereto, could materially affect our business, financial position, results of operations and cash flows.
  • We may not be able to successfully manage our intellectual property and may be subject to infringement claims.
  • New or revised tax regulations, unfavorable resolution of tax contingencies or changes to enacted tax rates could adversely affect our tax expense.
  • We may become subject to additional U.S., state or foreign taxes that cannot be passed through to our customers, in which case our earnings and cash flows could be adversely affected.
  • We have incurred and expect to continue to incur substantial costs in connection with integration activities related to the Merger.
  • Combining with TSYS may be more difficult, costly or time consuming than expected and we may fail to realize the anticipated benefits of the Merger.
  • Our future results may suffer if we do not effectively manage our expanded operations.
  • If we lose key personnel or are unable to attract additional qualified personnel as we grow, our business could be adversely affected.
  • Our substantial indebtedness could adversely affect us and limit our business flexibility.
  • We may not be able to raise additional funds to finance our future capital needs.
  • Our balance sheet includes significant amounts of goodwill and other intangible assets. The impairment of a portion of these assets could negatively affect our business, financial condition and results of operations.
  • We may not be able to, or we may decide not to, pay dividends or repurchase shares at a level anticipated by our shareholders, which could reduce shareholder returns.
  • Our risk management policies and procedures may not be fully effective in mitigating our risk exposure in all market environments or against all types of risk.
  • Failure to maintain effective internal controls in accordance with Section 404 of the Sarbanes-Oxley Act could have a material adverse effect on our business and stock price.
Management Discussion
  • We are a leading pure play payments technology company delivering innovative software and services to our customers globally. Our technologies, services and employee expertise enable us to provide a broad range of solutions that allow our customers to operate their businesses more efficiently across a variety of channels around the world.
  • On September 18, 2019, we consummated our merger with Total System Services, Inc. ("TSYS") (the "Merger") for total purchase consideration of $24.5 billion, primarily funded with shares of our common stock. Prior to the Merger, TSYS was a leading global payments provider, offering seamless, secure and innovative solutions to issuers, merchants and consumers. See "Note 2—Acquisitions" in the notes to the accompanying consolidated financial statements for further discussion of the Merger.
  • We experienced strong business and financial performance around the world during the year ended December 31, 2019. Highlights related to our financial condition at December 31, 2019 and results of operations for the year then ended include the following:
Content analysis ?
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Litigous
Readability
H.S. junior Avg
New words: abroad, Aid, border, closure, covenant, ease, evolving, forward, gradually, home, November, professional, rank, reinstating, Relief, reopened, supplementary, suspended, suspension, temporarily, underwriting, unsubordinated
Removed: award, CECL, collateralize, consummated, copy, deterioration, funded, furnish, influence, large, middle, monitoring, October, omitted, project, Regulation, relating, replacement, request, schedule, supplementally, working