Key Points California-based Darlington Partners Capital Management purchased 105,320 additional shares of Shift4 Payments in the third quarter. At quarter-end, the fund reported holding nearly 5.1 million total shares of Shift4, valued at $392.6 million. The position is about 13.3% of overall AUM, making it the fund's second-largest holding. These 10 stocks could mint the next wave of millionaires › California-based Darlington Partners Capital Management increased its stake in Shift4 Payments (NY ...

Core Viewpoint - Global Payments Inc. demonstrates strong financial performance and growth potential, supported by a positive outlook from Raymond James, which has raised the price target for the stock. Financial Performance - The company reported adjusted earnings per share (EPS) of $3.26, exceeding the Zacks Consensus Estimate of $3.23, marking a 12% increase compared to the previous year [2] - Revenue for the third quarter rose by 3% to $2.4 billion, driven by strong performance in the Merchant and Issuer Solutions segments, surpassing consensus expectations by 0.9% [3] - The operating margin expanded by 110 basis points to 45%, attributed to reduced expenses and gains in core segments [3] Stock Performance - The current stock price for GPN is $79.51, reflecting an increase of approximately 3.12% or $2.41 [4] - Over the past year, the stock has fluctuated between a high of $120 and a low of $65.93, with a market capitalization of approximately $19.29 billion [4] - Raymond James reaffirmed its "Outperform" rating for GPN and raised the price target from $100 to $105 [5]

Core Viewpoint - JPMorgan Chase is exploring stablecoins despite CEO Jamie Dimon's skepticism about their appeal, indicating a strategic move to remain competitive in the evolving financial landscape [1][4]. Group 1: Company Position on Stablecoins - JPMorgan Chase plans to launch a limited version of a stablecoin for its clients, which reflects a cautious approach to entering the stablecoin market [3]. - Dimon acknowledges the potential of stablecoins to provide faster and cheaper payment options compared to traditional banking systems like ACH and SWIFT [5]. - The bank's involvement in stablecoins is seen as a necessary step to understand and excel in this emerging technology [4]. Group 2: Competitive Landscape - Dimon highlights the threat posed by fintech companies that are innovating within the financial ecosystem, emphasizing the need for traditional banks to adapt [5]. - Other major banks, such as Bank of America, are also considering involvement in stablecoins, indicating a broader trend among traditional financial institutions [6]. - Collaboration among banks, similar to the creation of Zelle for instant payments, is a potential strategy to counter fintech competition, although Dimon did not confirm any specific plans [6][7].