Global Payments Inc
GPN: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| NN# | LOCK|?&&cr | LOCK|##?<C%p |
Global Payments' Moat Was Strengthened Through the Combination With WorldPay
Business Strategy and Outlook
We believe the market is overly concerned about disruption to incumbent payment players like Global Payments. In our view, Global Payments continues to benefit from a strong competitive position, is adapting to a changing industry, and can maintain reasonable growth over time. While Worldpay struggled under FIS' roof, we think that was largely due to underinvestment and a poor strategy, which shouldn't be an issue under Global Payments.
