Global Payments Inc. (GPN, Financial) recently experienced a notable uptick in its stock price, rising by 1.25% to reach $100.06 per share. The trading volume was significant, with approximately 959,941 shares changing hands, resulting in a turnover rate of 0.38% and a price volatility of 1.73%.
The company's latest financial report highlights a revenue of $2.569 billion and a net profit of $375 million, translating to an earnings per share of $1.47. The gross profit stood at $1.63 billion, with a price-to-earnings (P/E) ratio of 18.34.
Market analysts have mixed sentiments about GPN, with 65% of the 37 rating institutions recommending a 'buy,' 30% suggesting a 'hold,' and 5% advising to 'sell.'
Within the professional business services industry, GPN's stock sector saw an overall increase of 0.39%. Other companies in this industry, such as Team, Inc., Amentum Holdings, Inc., and Brightview Holdings, Inc., also experienced notable gains.
Global Payments is a leading provider of payment processing and software solutions, primarily serving small to medium-sized merchants. The company operates in 30 countries, with a quarter of its revenue derived from markets outside North America, particularly in Europe and Asia. In 2019, Global Payments merged with Total System Services, with the latter's shareholders receiving 48% of the combined entity's shares, bolstering their transaction processing capabilities.
