We came across a bullish thesis on Global Payments Inc. on Value investing subreddit by logical-dreamer. In this article, we will summarize the bulls’ thesis on GPN. Global Payments Inc.'s share was trading at $75.76 as of November 28th. GPN’s trailing and forward P/E were 11.50 and 5.61 respectively according to Yahoo Finance. Baytex (BTE) Extends Run on 6th Day as Firm Exits US Business, Focuses on Canada Ops Copyright: sifotography / 123RF Stock Photo Global Payments Inc. provides payment technology ...

Core Insights - Juspay and Sabre Direct Pay have announced a strategic global agreement aimed at transforming payment processes for travel companies and their customers, coinciding with a projected growth in online bookings to $1.2 trillion by 2026, representing nearly 65% of all travel transactions [1][2] Group 1: Partnership Objectives - The collaboration aims to modernize global travel payments to enhance conversion rates, improve security, and increase customer satisfaction across all markets [2][3] - The partnership will provide travel providers with scalable, industry-specific features such as access to local payment methods, faster time-to-market, optimized cross-border payments, and seamless checkout processes [2][3] Group 2: Technological Integration - Juspay will integrate its tokenization solution into Sabre Direct Pay to enhance the security and efficiency of travel payments, allowing airlines, hotels, and booking engines to process transactions without handling sensitive card data [2][3] Group 3: Industry Impact - The partnership is expected to strengthen payment flows, streamline operations for travel providers, and optimize transaction routing, ultimately delivering a seamless and secure payment experience for travelers worldwide [3][5]

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of XGD INC. 深 圳 市 新 國 都 股 份 有 限 公 司 (A joint stock company incorporated in the People's Republic of China with limited ...

Market Overview - In Q3 2025, the US equity market saw a rally, with the S&P 500 Index increasing by 8.12% and the Bloomberg U.S. Aggregate Bond Index rising by 2.03% [1] - Aristotle Atlantic's Large Cap Growth strategy returned 9.76% gross of fees (9.61% net of fees), underperforming the Russell 1000 Growth Index, which returned 10.51% [1] Company Performance: Visa Inc. (NYSE:V) - Visa Inc. shares returned -4.18% over the past month and appreciated by 5.72% over the last 12 months, closing at $330.02 per share with a market capitalization of $648.6 billion on November 14, 2025 [2] - Visa Inc. detracted from performance in Q3 2025 due to concerns about slowing growth, despite reporting revenue and EPS that exceeded consensus expectations [3] - In the fiscal fourth quarter of 2025, Visa Inc. reported $10.7 billion in net revenue, reflecting a 12% year-over-year increase [4]

Core Insights - Nelnet Campus Commerce processed over 230,000 ACH refunds totaling more than $602 million and over 60,000 paper check refunds worth nearly $90 million in 2025, showcasing its commitment to enhancing student payment experiences through Project Horizon [1][5]. Group 1: Refund Solutions - The Nelnet Refunds solution automates the student refund process, reducing the burden on bursar offices and minimizing inquiries from students regarding their refund status [2]. - The solution allows students to select from multiple disbursement methods and check the status of their refunds via a user-friendly online portal, streamlining operations for educational institutions [2][3]. Group 2: Project Horizon Initiative - Project Horizon aims to transform Nelnet Campus Commerce's payment technology, support model, and client engagement strategy, focusing on informed innovation and purposeful evolution [3][4]. - The initiative emphasizes partnership with clients to develop solutions that simplify complex processes, anchored by engagement, product, and support pillars [4]. Group 3: Company Overview - Nelnet Campus Commerce serves nearly 1,000 higher education institutions and 8 million students across the U.S., providing integrated payment solutions that are PCI Level 1 validated and compatible with major ERP systems [5].

Core Insights - Crane NXT reported Q3 CY2025 results that exceeded market revenue expectations, with sales increasing by 10.3% year-on-year to $445.1 million and a non-GAAP profit of $1.28 per share, which was 1.8% above analysts' consensus estimates [1][3][6] Financial Performance - Revenue for Q3 was $445.1 million, surpassing analyst estimates of $429.8 million, reflecting a year-on-year growth of 10.3% and a 3.6% beat [6] - Adjusted EPS was reported at $1.28, exceeding analyst estimates of $1.26 by 1.8% [6] - Adjusted EBITDA reached $122.4 million, beating analyst expectations of $117.7 million, with a margin of 27.5% [6] - Operating margin remained stable at 18.4%, consistent with the same quarter last year [6] - The backlog at the end of the quarter was $557 million [6] - Organic revenue increased by 1.4% year-on-year, against analyst expectations of a 1.7% decline, representing a 314.3 basis point beat [6] - Market capitalization stood at $3.52 billion [6] Strategic Outlook - Management revised the full-year adjusted EPS guidance down to $4.05 at the midpoint, indicating a 2.4% decrease due to ongoing weakness in the vending segment and higher costs associated with increased international production [4][6] - The company is focusing on expanding its authentication technologies and integrating recent acquisitions while capitalizing on favorable developments in U.S. currency redesigns, such as the upcoming launch of the new $10 bill [4][5] Segment Performance - The performance in the international currency business was strong, driven by robust order activity and new customer wins, particularly in Latin America [3] - CEO Aaron Saak highlighted that the company's micro-optics technology was specified in nine new currency denominations year-to-date, indicating ongoing demand for advanced anti-counterfeiting features [3] - Despite the strong performance in currency, there was noted softness in the CPI's vending segment, attributed to customer delays following recent price increases driven by tariffs [3][5]

Core Insights - Marqeta's shares increased by 14.2% following the release of strong third-quarter financial results that exceeded revenue and guidance expectations [1] - The company reported revenue of $163.3 million, representing a year-over-year increase of 27.6%, surpassing analysts' forecast of $148.8 million [2] - Marqeta's GAAP loss was $0.01 per share, aligning with Wall Street expectations, and the company provided a positive outlook for the fourth quarter with projected revenue of around $167 million, which is 5.6% higher than analysts' projections [2] - Operational improvements were noted, with the operating margin improving to -6.4% from -33% in the same quarter last year [2] Market Reaction - Marqeta's shares have shown volatility, with 11 moves greater than 5% over the past year, indicating that the recent news significantly affected market perception [4] - A previous notable decline occurred when Goldman Sachs downgraded the stock to 'Sell' from 'Neutral', citing concerns about Marqeta's reliance on its key customer, Block [5] - Goldman Sachs projected that Block's decision to add a new issuing partner could result in a 2% headwind to Marqeta's gross profit by 2026 and cut its price target for Marqeta's stock from $7.50 to $5.00 [5] Stock Performance - Since the beginning of the year, Marqeta's stock has risen by 31.8%, but it is still trading 28% below its 52-week high of $6.83 from August 2025 [6] - An investment of $1,000 in Marqeta's shares at the IPO in June 2021 would now be valued at $161.04 [6]

Core Insights - Crane NXT's shares fell 6.1% after reporting third-quarter results that exceeded Wall Street estimates but lowered its full-year adjusted EPS forecast [1][2] Financial Performance - Revenue for the quarter increased by 10.3% year on year, reaching $445.1 million, while adjusted EPS was $1.28, surpassing expectations [2] - The company revised its full-year adjusted EPS guidance to a midpoint of $4.05, reflecting a 2.4% decrease from the previous forecast [2] Market Reaction - The stock market's reaction indicates that the news is considered significant, despite Crane NXT's shares being relatively stable with only six moves greater than 5% in the past year [4] - The recent drop in stock price suggests that investors are concerned about future profitability, overshadowing the solid quarterly performance [2][4] Stock Performance - Since the beginning of the year, Crane NXT's shares have increased by 3.8%, but are still trading 11.7% below their 52-week high of $68.91 [6] - An investment of $1,000 in Crane NXT's shares at the IPO in March 2023 would now be valued at $1,541 [6]

Core Insights - Fiserv (FI) stock experienced a historic decline of 44%, following a significant reduction in earnings guidance and a leadership overhaul [1] - Goldman Sachs downgraded the stock and lowered its price target by 55% to $81, reflecting a market capitalization of $35.4 billion and a current stock price of $66, which is down 73% from its peak [1] Financial Performance - The company projected adjusted earnings for 2025 to be between $8.50 and $8.60 per share, significantly lower than the previous midpoint guidance of $10.23 per share [2] - Revenue growth for 2025 is estimated to be between 3.5% and 4%, down from an earlier forecast of 10% [2] - In Q3 of 2025, Fiserv reported revenue of $4.92 billion and earnings per share of $2.04, both below consensus estimates of $5.36 billion and $2.64, respectively [2] Market Reactions - Morgan Stanley analyst James Faucette noted the end of Fiserv's 40-year streak of double-digit earnings growth, downgrading the stock to "Equal-Weight" and cutting the price target from $179 to $81 [4] - BTIG analysts suggested that the fair value of the stock could range between $50 and $75 based on future earnings multiples [4] Leadership Changes - Fiserv announced significant leadership changes, including the appointment of two co-presidents and a new finance chief, along with three new board members, including an independent chairman, set to take their positions in early 2026 [5] Structural Issues - The earnings call highlighted deeper structural issues within the company, with CEO Mike Lyons admitting that Fiserv had relied too much on short-term initiatives rather than fostering sustainable client relationships [6]

Core Insights - Nelnet Campus Commerce announced significant product updates and advancements in its roadmap following the 2025 Virtual Client Summit, emphasizing the ongoing momentum of Project Horizon, a multi-year initiative aimed at modernizing campus payment solutions [1][2]. Group 1: Event Overview - The 2025 Virtual Client Summit, held on October 16, 2025, attracted over 500 higher education professionals to discuss innovations and trends in higher education finance [2]. - Attendees had the opportunity to preview upcoming innovations from Project Horizon, which includes new capabilities developed in collaboration with colleges and universities [2]. Group 2: Project Horizon Details - Project Horizon represents a comprehensive transformation of Nelnet Campus Commerce's payment technology, support model, and client engagement strategy, focusing on control, flexibility, and integration [4]. - The initiative aims to enhance student success by reducing effort and removing barriers in payment processes [4][5]. Group 3: Key Innovations - Enhanced payment plans are being introduced to provide greater flexibility for institutions and students, aligning with individual financial needs [6]. - Nelnet Notify has been updated to deliver personalized, automated messages that improve engagement and ensure timely payments [6]. - Updates to the Scholarship Manager are designed to streamline scholarship workflows, automating award distribution amid rising financial pressures [6]. Group 4: Engagement and Support - Institutions are actively involved in shaping product design through advisory boards and early adopter programs, fostering a collaborative environment [7]. - The first new solution under Project Horizon, Nelnet Notify, is already operational, helping institutions send targeted payment communications [7]. - An adaptive service model has been introduced, featuring 24/7 domestic support and tailored strategic account reviews [7]. Group 5: Company Background - Nelnet Campus Commerce serves nearly 1,000 colleges and universities and over 8 million students across the U.S., providing integrated payment solutions validated to PCI Level 1 [8].