Fintech has continued to perform well, with investors
understandably attracted to the strong earnings growth that many of
these companies are generating. In the case of Global Payments (GPN),
management continues to show the benefits of its tech-enabled payments
model, with strong revenue growth and improving margins on lower churn.
While the shares went nowhere for basically the first half of the year,
strong second quarters earnings have pushed the shares up almost 30% on a
year-to-date basis and up about 15% since my last update on the company.
At
this point, I think the market has Global Payments more or less
accurately priced, but it wouldn’t surprise me if the ongoing enthusiasm
for fintech took the shares higher, particularly if third quarter
earnings come in strong.
Read more here:
Global Payments Continues To Hit The Mark With An Increasingly Tech-Driven Platform
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