Global Pmts Inc Stock Price, News & Analysis

Global Payments Inc. (NYSE: GPN) announced the retirement of Chief Financial Officer Paul M. Todd, effective June 30, 2022. Josh J. Whipple, previously Senior Executive Vice President and Chief Strategy and Enterprise Risk Officer, will take over as CFO beginning July 1, 2022. Todd contributed to the successful merger between TSYS and Global Payments and will remain as a senior advisor for a smooth transition. CEO Jeff Sloan praised both Todd's and Whipple's leadership, emphasizing their contributions to Global Payments' growth and technological advancements.

Global Payments Inc. (NYSE: GPN), a top provider of payment technology, will have its President and COO, Cameron Bready, present at the J.P. Morgan Global Technology, Media and Communications Conference on May 23, 2022, at 11:20 a.m. ET. Interested participants can access a live webcast through the company's investor relations website. Global Payments operates globally, has about 25,000 team members, and serves customers in over 170 countries.

Global Payments Inc. (NYSE: GPN) announced that CEO Jeff Sloan will present virtually at the Barclays Emerging Payments and Fintech Forum on May 16, 2022, at 10:00 a.m. ET. Interested parties can access the live webcast through the company’s investor relations website, with a replay available afterward. Headquartered in Georgia, Global Payments is a leading provider of payment technology and services, operating in over 170 countries worldwide.

Bakkt Holdings, Inc. (NYSE: BKKT) and Global Payments (NYSE: GPN) have formed a strategic alliance to enhance digital asset utilization. This collaboration will enable cryptocurrency redemption in loyalty programs for bankcard clients and expand banking-as-a-service offerings. Additionally, Bakkt aims to partner with Global Payments for multinational merchant payment acceptance. This alliance is expected to amplify consumer spending and strengthen loyalty programs within the digital assets ecosystem.

Global Payments reported strong Q1 2022 results with revenues of $2.16 billion, up from $1.99 billion YoY. Diluted EPS rose to $0.87, up from $0.66, while adjusted revenues increased 8%. The company signed a significant letter of intent with Caixabank, potentially doubling its implementation pipeline. The outlook for 2022 remains positive, with projected adjusted net revenue growth of 9% to 10% and adjusted EPS anticipated to rise by 16% to 19%. A dividend of $0.25 per share was approved for June 2022.

Global Payments Inc. (NYSE: GPN) will release its first quarter 2022 financial results on Monday, May 2, 2022, before the market opens. A live audio webcast is scheduled for 8:00 a.m. EDT on the same day to discuss these results. Interested parties can access the webcast via the company's investor relations page. Global Payments, headquartered in Georgia, offers a wide range of payment technology and software solutions across over 170 countries.

HST Pathways has appointed Nick Latz as the new Chief Revenue Officer (CRO), enhancing its leadership team in the ambulatory surgery center (ASC) sector. Latz joins from Zego, where he drove significant growth and profitability, culminating in a sale to Global Payments (GPN). His experience is expected to accelerate HST’s growth and enhance its product offerings, aiming to improve patient outcomes and operational efficiency in ASCs. HST Pathways has seen nearly 90% year-over-year growth in 2021, reflecting its strong market position.

Global Payments Inc. (NYSE: GPN) announced that CEO Jeff Sloan will present virtually at the Wolfe Research FinTech Forum on Tuesday, March 8, 2022, at 9:00 a.m. ET. A live webcast will be available on the company's investor relations website, with a replay accessible afterward. Global Payments is a leading payment technology provider with operations in over 170 countries and a workforce of nearly 24,000 team members. As a Fortune 500 company, it offers innovative software and services to enhance business efficiency across various channels.

Global Payments reported record financial results for Q4 and full year 2021, with GAAP revenues of $8.52 billion, up from $7.42 billion in 2020.

Diluted EPS rose to $3.29 from $1.95, while adjusted net revenues increased 14.7% to $7.74 billion. The company anticipates adjusted net revenue growth of 9% to 10% in 2022, with EPS projected between $9.45 and $9.67.

Additionally, a strategic review of the Netspend consumer business has begun, and share repurchase authorization has been increased to $2.0 billion.