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GPN Global Payments

Global Payments Inc. is a leading pure play payments technology company delivering innovative software and services to its customers globally. Its technologies, services and employee expertise enable the company to provide a broad range of solutions that allow its customers to operate their businesses more efficiently across a variety of channels around the world.

Company profile

Ticker
GPN
Exchange
CEO
Jeffrey Sloan
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Cayan LLC • Global Payments Direct, Inc. • Global Payments Gaming Services, Inc. • Heartland Payment Systems, LLC • Netspend Corporation • TSYS LLC • TSYS Merchant Solutions, Inc. • Comercia Global Payments Entidad de Pago, S.L. ...
IRS number
582567903

GPN stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

2 Aug 21
21 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.94B 1.94B 1.94B 1.94B 1.94B 1.94B
Cash burn (monthly) 87.45M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 326.23M n/a n/a n/a n/a n/a
Cash remaining 1.61B n/a n/a n/a n/a n/a
Runway (months of cash) 18.5 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Oct 21 Jacobs William I Common Stock Sell Dispose S No Yes 156.44 500 78.22K 18,825
15 Sep 21 Jacobs William I Common Stock Sell Dispose S No Yes 162.2 500 81.1K 19,325
16 Aug 21 Jacobs William I Common Stock Sell Dispose S No Yes 170.43 500 85.22K 19,825
10 Aug 21 Mcdaniel Connie D Common Stock Buy Acquire P No No 173.48 1,150 199.5K 13,970
5 Aug 21 Jeffrey Steven Sloan Common Stock Buy Acquire P No No 169.87 2,946 500.44K 291,264

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

86.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 883 886 -0.3%
Opened positions 81 95 -14.7%
Closed positions 84 90 -6.7%
Increased positions 327 318 +2.8%
Reduced positions 307 329 -6.7%
13F shares
Current Prev Q Change
Total value 47.55B 50.91B -6.6%
Total shares 253.49M 252.49M +0.4%
Total puts 1.19M 1.4M -15.6%
Total calls 1.9M 1.46M +30.4%
Total put/call ratio 0.6 1.0 -35.3%
Largest owners
Shares Value Change
TROW T. Rowe Price 43.4M $8.14B -4.7%
Vanguard 23.44M $4.4B +0.0%
Wellington Management 19.39M $3.64B -1.9%
BLK Blackrock 19.39M $3.64B -0.4%
STT State Street 11.06M $2.08B +0.8%
SNV Synovus Financial 8.36M $1.57B -0.2%
FMR 5.66M $1.06B -17.6%
Lone Pine Capital 5.54M $1.04B +30.6%
Artisan Partners Limited Partnership 4.5M $843.75M -2.4%
Geode Capital Management 4.46M $834.7M -0.0%
Largest transactions
Shares Bought/sold Change
Egerton Capital 0 -3.05M EXIT
TROW T. Rowe Price 43.4M -2.14M -4.7%
Lone Pine Capital 5.54M +1.3M +30.6%
FMR 5.66M -1.21M -17.6%
D. E. Shaw & Co. 1.19M +1.19M +19777.9%
BEN Franklin Resources 825.64K +816.67K +9101.4%
Massachusetts Financial Services 3.67M -750.58K -17.0%
JPM JPMorgan Chase & Co. 4.27M +715.04K +20.1%
Amundi Pioneer Asset Management 0 -677.44K EXIT
Glenview Capital Management 926.97K +670.1K +260.9%

Financial report summary

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Competition
Barclays BankFiservSquareWorldpay
Risks
  • We may experience software defects, undetected errors, and development delays, which could damage customer relations, decrease our potential profitability and expose us to liability.
  • 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.
  • 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 and Mastercard 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 and cash flows.
  • We rely on various financial institutions to provide clearing services in connection with our settlement activities. If we are unable to maintain clearing services with these financial institutions and are unable to find a replacement, our business may be adversely affected.
  • 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 and 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. The timing of the conversions or deconversions of card portfolio may also affect our revenues and expenses.
  • 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.
  • 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.
  • 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 business has been and will likely continue to be negatively affected by the COVID-19 pandemic.
  • If we lose key personnel or are unable to attract additional qualified personnel as we grow, our business could be adversely affected.
  • 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.
Management Discussion
  • NM = Not meaningful.
  • (1) Percentage amounts may not sum to the total due to rounding.
  • (2) Revenues, consolidated operating expenses, operating income (loss) and operating margin reflect the effects of acquired businesses from the respective acquisition dates. For further discussion, see "Note 2—Acquisitions" in the notes to the accompanying consolidated financial statements.
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Removed: abroad, acquire, announced, case, combat, error, evolving, merit, modified, negatively, play, pure, spread, undertaken, unit, voluntary