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Global Payments Inc. is an American multinational financial technology company that provides payment technology and services to merchants, issuers and consumers. [2] In June 2021, the company was named to the Fortune 500. [3] The company processes payments made through credit cards, debit cards, [4] and digital and contactless payments. [5]
Global Payments Inc. (NYSE:GPN) shares are trading lower on Wednesday following the company’s investor conference, in which it guided FY25 EPS growth below estimates. The company forecasted ...
The company has split its stock twice in the last five years: a 4-for-1 split in 2021 followed by a 10-for-1 split in June of this year, bringing its share price to a more affordable $118.
A corporate action is an event initiated by a public company that brings or could bring an actual change to the debt securities—equity or debt—issued by the company. Corporate actions are typically agreed upon by a company's board of directors and authorized by the shareholders. For some events, shareholders or bondholders are permitted to ...
In June 2018, the company acquired Jacksonville, Florida-based iMobile3 for $13.4 million. [24] On September 18, 2019, TSYS and Global Payments completed their merger agreement for $21.5 billion. [4] The combined company, Global Payments Inc., is publicly traded (NYSE: GPN), and has more than 24,000 employees worldwide. [25]
First, splits make company stock more affordable to everyday investors by reducing the price of an individual share. Second, splits increase the number of shares on the market.
The company was acquired by Global Payments for $4.3 billion in 2016. [ 3 ] [ 4 ] Heartland Payment Systems provides payment processing for more than 275,000 business locations in the United States and processes more than 11 million transactions a day and more than $80 billion in transactions a year, as of 2014.
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.