Flputnam Investment Management Co. Takes Position in Global Payments Inc. $GPN

Flputnam Investment Management Co. bought a new stake in shares of Global Payments Inc. (NYSE:GPN) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 10,675 shares of the business services provider’s stock, valued at approximately $775,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Westpac Banking Corp raised its stake in shares of Global Payments by 5,795.1% in the fourth quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock valued at $4,426,000 after acquiring an additional 56,212 shares during the period. Gtcr LLC purchased a new position in shares of Global Payments during the 1st quarter worth about $2,911,939,000. LSV Asset Management grew its holdings in Global Payments by 30.8% during the 4th quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock valued at $34,683,000 after purchasing an additional 105,500 shares during the last quarter. Pzena Investment Management LLC grew its holdings in Global Payments by 4.6% during the 4th quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock valued at $883,111,000 after purchasing an additional 500,887 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Global Payments by 18.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,431,107 shares of the business services provider’s stock worth $110,768,000 after purchasing an additional 227,317 shares during the period. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Trading Down 2.8%

GPN opened at $90.44 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The stock’s fifty day moving average is $77.60 and its two-hundred day moving average is $73.30. The company has a market capitalization of $23.93 billion, a P/E ratio of -30.35, a PEG ratio of 0.54 and a beta of 0.74. Global Payments Inc. has a 52 week low of $61.16 and a 52 week high of $95.58.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.02. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the prior year, the business earned $3.10 EPS. The business’s revenue for the quarter was up 68.6% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Analysts forecast that Global Payments Inc. will post 13.67 earnings per share for the current year.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. Global Payments’s dividend payout ratio is -33.56%.

Analyst Upgrades and Downgrades

GPN has been the subject of several analyst reports. TD Cowen started coverage on shares of Global Payments in a research note on Thursday, August 6th. They issued a “buy” rating for the company. Wall Street Zen downgraded Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Morgan Stanley reissued an “overweight” rating and set a $103.00 price target on shares of Global Payments in a research note on Thursday, August 6th. HC Wainwright started coverage on Global Payments in a report on Thursday, August 6th. They set a “buy” rating for the company. Finally, UBS Group began coverage on Global Payments in a research report on Thursday, August 6th. They issued a “buy” rating on the stock. Ten equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $90.68.

Global Payments Company Profile

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.