Latest news with #Worldpay
Yahoo
3 hours ago
- Business
- Yahoo
Is it a Good Time to Take Profits on Global Payments (GPN)?
Parnassus Investments, an investment management firm that focuses on owning a concentrated portfolio of U.S. large cap stocks, released its Parnassus Value Equity Fund second-quarter 2025 investor letter. The full letter is available for download here. For the second quarter of 2025, the fund reported a net return of 7.24%, outperforming its benchmark, the Russell 1000 Value Index, which returned 3.79% for the same period. The fund's top 5 holdings are also listed in the letter, showing the firm's main investment positions heading into 2025. One of the companies mentioned in the letter is Global Payments Inc. (NYSE:GPN). Global Payments Inc. (NYSE:GPN) provides payment technology and software solutions for card, check, and digital-based payments. Over the past month, Global Payments Inc. (NYSE:GPN) rose by 1.51%, but it fell -18.11% over the last 12 months. On July 29, 2025, Global Payments Inc. (NYSE:GPN) shares closed at $83.23, with a market capitalization of $20.298 billion. Here is what they have to say about Global Payments Inc. (NYSE:GPN) in their investor letter: "Global Payments Inc. (NYSE:GPN) fell as the company announced the acquisition of payment processing company Worldpay. Due to reduced conviction in the investment thesis, we sold our position during the quarter." A payment terminal in action with customers apart of the experience. Global Payments Inc. (NYSE:GPN) is not included in our list of the 30 most popular stocks among hedge funds. According to our data, 65 hedge fund portfolios held positions in Global Payments Inc. (NYSE:GPN) at the end of the first quarter of 2025, down from 71 in the previous quarter. In Q1 2025, Global Payments Inc. (NYSE:GPN) reported EPS of $2.82, exceeding analyst expectations of $2.69. While we acknowledge the potential of GPN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Global Payments Inc. (NYSE:GPN) is not included in our list of the 30 most popular stocks among hedge funds. According to our data, 65 hedge fund portfolios held positions in Global Payments Inc. (NYSE:GPN) at the end of the first quarter of 2025, down from 71 in the previous quarter. In Q1 2025, Global Payments Inc. (NYSE:GPN) reported EPS of $2.82, exceeding analyst expectations of $2.69. While we acknowledge the risk and potential of GPN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GPN and that has 10,000% upside potential, check out our report about this cheapest AI stock. In another article, we covered Global Payments Inc. (NYSE:GPN) and shared Truist Securities analyst Matthew Coad's views on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
4 hours ago
- Business
- Business Wire
Michael Taets Joins Academy Securities as Managing Director, Head of Corporate Finance
NEW YORK--(BUSINESS WIRE)--Academy Securities, the nation's first Post-9/11 veteran owned and operated investment bank, today announced the addition of Michael Taets as Managing Director, Head of Corporate Finance. "I'm excited to help clients navigate today's financial and geopolitical complexity with strategic, solutions-oriented advice.' Michael Taets joins the Academy team with significant experience in treasury and capital markets, having served in senior leadership roles at major financial institutions. Most recently, he was Senior Vice President and Treasurer at Worldpay. Prior to Worldpay, he held critical positions at GE Capital as Deputy Treasurer of Global Funding & Exposure Management and Managing Director of Asset/Liability Management. His career also includes nearly two decades at Freddie Mac, where he advanced to VP of Asset/Liability Management and Senior Portfolio Manager, overseeing extensive financial portfolios and risk management operations. Prior to his career in finance, he served as an enlisted soldier in the United States Army National Guard. 'Michael brings a wealth of experience and exceptional leadership skills to Academy,' said Academy's Chairman and CEO Chance Mims. 'His deep knowledge of capital markets and balance sheet management will be instrumental in supporting our continued growth and success.' Mr. Taets commented on joining the firm: 'It's an honor to join a mission-driven firm like Academy Securities, where service, integrity, and purpose are at the core of everything we do. I'm excited to help clients navigate today's financial and geopolitical complexity with strategic, solutions-oriented advice.' Mr. Taets holds a B.S. in Finance from Illinois State University and an MBA from The George Washington University School of Business. He is also a Chartered Financial Analyst (CFA) charterholder and volunteers on the Board of Trustees of the Westport Weston Family YMCA, underscoring his dedication to leadership both professionally and within the community. 'We are very pleased to have Michael joining Academy," said Academy's Vice Chairman Phil McConkey. "His expertise and proven ability to lead complex financial operations will undoubtedly add tremendous value to our team and our clients." About Academy Securities Academy Securities is a FINRA registered Broker Dealer and a preeminent veteran owned investment bank with strengths in capital markets, asset management, public finance, geopolitical intel, fixed income, and equity trading. Leadership and staff have had intensive military training prior to entering and gaining in-depth financial services experience in global capital markets. We are mission driven with a high ethical code, a solid sense of accountability and strive for excellence in the pursuit of our clients' success. Academy is our nation's first post-9/11 veteran owned and operated investment bank and is certified as a DVBE, SDVOB, and MBE. The firm has a strong top and middle tier client base served by a national platform with offices in New York, Chicago, San Diego, Chapel Hill, Louisville, Austin, Dallas, Sacramento, and West Palm Beach. Information about Academy Securities is available at
Yahoo
5 days ago
- Business
- Yahoo
PayPal Taps New Markets: Will Interoperability Fuel Its Growth?
PayPal Holdings' PYPL launch of PayPal World this fall marks a pivotal shift toward global wallet interoperability. The platform will initially unite PayPal, Venmo, Mercado Pago, NPCI's UPI and Tenpay Global under a cloud native, API framework, facilitating nearly two billion users. By enabling UPI or Weixin Pay users to check out via a familiar PayPal button, the move aims at reducing friction for cross border this seamless Venmo-PayPal interoperability, for the first time, peer to peer transfers can flow globally, and by 2026, Venmo holders will be able to shop in-store and online at PayPal enabled merchants. The move is a smart one as PayPal is blending consumer reach with merchant acceptance, augmenting its 'branded checkout' promise and tapping into Venmo's younger base with real commerce platform's readiness for agentic, AI driven buying (shopping via chat assistants) and future stablecoin support signals forward thinking. Competitors focused solely on wallet-to-wallet payments may struggle to match this breadth, positioning PayPal ahead in emerging commerce is pushing forward with a multi-pronged transformation. The company is transitioning from a transactional payment provider to a holistic commerce partner by consolidating its services into a single PayPal platform to harness the full potential of its two-sided network, supporting both consumers and merchants. Focusing on improving user experience, enhancing merchant relationships and expanding international capabilities are the key moves that could unlock long-term growth. How Are V and GPN Scaling Up Cross-Border Payments? Visa's V network powers more than 4.8 billion credentials and 300 billion transactions annually across 150 million merchant locations, leveraging its 'Visa as a Service" stack to deliver modular APIs for fraud, stablecoins, digital identity, AI driven payments and small seller acceptance. Its Commercial & Money Movement and Value added Services continue to drive growth while expanding in cross border payment Payments Inc. GPN is streamlining its global commerce operations with a renewed focus on omnichannel merchant services. Key efforts of Global Payments include the rollout of its Genius POS platform, integration of Worldpay and unified API capabilities. These efforts of Global Payments aim to modernize commerce infrastructure, improve scalability, and expand global reach across in-person, online and omnichannel payment experiences. PYPL's Price Performance, Valuation and Estimates Shares of PayPal have declined 10.2% year to date, underperforming both the broader industry as well as the S&P 500 composite. Image Source: Zacks Investment Research From a valuation standpoint, PayPal shares are trading cheap, as suggested by the Value Score of A. In terms of forward 12-month P/E, PYPL stock is trading at 14.14X compared with the Zacks Financial Transaction Services industry's 22.13X. Image Source: Zacks Investment Research PayPal's estimate revisions reflect a positive trend. Estimates for second-quarter and full-year 2025 and full-year 2026 EPS have been revised upward over the past month. The Zacks Consensus Estimate for 2025 EPS suggests 9.5% growth year over year, while the same for 2026 calls for 11.5% growth year over year. Image Source: Zacks Investment Research At present, PayPal carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report Global Payments Inc. (GPN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-07-2025
- Business
- Yahoo
Multiple Factors Pulled Down Global Payments (GPN) in Q2
Oakmark Funds, advised by Harris Associates, released its 'Oakmark Fund' second quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund underperformed its benchmark, the S&P 500 Index, but outperformed the benchmark since inception. The largest contributors to performance were financials and consumer discretionary, at the sector level, while health care and consumer staples detracted. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its second quarter 2025 investor letter, Oakmark Fund highlighted stocks such as Global Payments Inc. (NYSE:GPN). Global Payments Inc. (NYSE:GPN) provides payment technology and software solutions for card, check, and digital-based payments. The one-month return of Global Payments Inc. (NYSE:GPN) was 8.53%, and its shares lost 18.29% of their value over the last 52 weeks. On July 16, 2025, Global Payments Inc. (NYSE:GPN) stock closed at $82.66 per share, with a market capitalization of $20.159 billion. Oakmark Fund stated the following regarding Global Payments Inc. (NYSE:GPN) in its second quarter 2025 investor letter: "Global Payments Inc. (NYSE:GPN) was the top detractor during the quarter. The U.S.-headquartered transaction and payment processing company's shares sold off during the period as investors reacted negatively to an announced acquisition of Worldpay and divestiture of the Issuer Solutions business. We believe investors underappreciate the long-term strategic and financial merits of this transaction. Moreover, we are pleased that management is still committed to returning a substantial amount of capital to shareholders. We believe Global Payments can return close to one-third of its current market cap to shareholders over the next three years and that capital returns could grow meaningfully from there as the benefits of the Worldpay deal are fully realized." A payment terminal in action with customers apart of the experience. Global Payments Inc. (NYSE:GPN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 65 hedge fund portfolios held Global Payments Inc. (NYSE:GPN) at the end of the first quarter, which was 71 in the previous quarter. While we acknowledge the potential of GPN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Global Payments Inc. (NYSE:GPN) and shared the list of best tech stocks to buy under $100. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Finextra
16-07-2025
- Business
- Finextra
Activist investor builds stake in Global Payments
Global Payments shares rose on Wednesday after media reports that activist investor Elliott Management has built up a stake in the fintech. 0 In April, Global Payments agreed a blockbuster $22.7 billion deal to acquire Worldpay from GTRC and FIS while offloading its Issuer Solutions business to FIS for $13.5 billion. Global Payments had previously been divesting assets and buying back stock. The change in strategy sent shares south, with the company's stock down around 30% so far this year. Th agreement is expected to close in the first half of 2026 and does not require a shareholder vote. Yet the news - first reported by the Financial Times - that Elliott has secured a "sizable" stake in Global Payments still sent the share price up by around five per cent in morning trading on Wednesday. The exact size of the stake and Elliott's demands have not been disclosed.
