Global Payments has agreed a colossal $24.25 billion deal with Worldpay amid an industry focus shift. However, analysts have remained cautious, with RBC Capital and TD Cowen both downgrading their Global Payments rating. The move has led to significant stock shifts, with firms like Guggenheim Capital, HSBC Holdings, and Thematic Asset Management adjusting their holdings. Market reactions have been tepid, with an analyst downgrade sparking a new 1-year low for Global Payments.
The sale of Worldpay was announced in conjunction with a transformative three-way deal involving FIS and GTCR, with FIS selling its Worldpay stake to Global Payments for $6.6B and purchasing Global Payments' Issuer Solutions Business for $12B. This complex deal has sparked questions about the strategic future of Global Payments, with some suggesting the Worldpay acquisition could be a big-risk, big-reward move. Stocks have taken a hit amid negative reports about Global Payments' earnings.
The company is set to report its Q1 2025 earnings soon. Billionaires currently consider Global Payments among the best fintech stocks to invest in, even amidst the turbulence caused by the mega deal transactions.
Global Payments GPN News Analytics from Wed, 23 Oct 2024 07:00:00 GMT to Sat, 26 Apr 2025 22:31:08 GMT - Rating -1 - Innovation 3 - Information 5 - Rumor -1
