Tocqueville Asset Management L.P. Takes $23.92 Million Position in Global Payments Inc. $GPN

Tocqueville Asset Management L.P. purchased a new position in shares of Global Payments Inc. (NYSE:GPN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 329,692 shares of the business services provider’s stock, valued at approximately $23,922,000. Tocqueville Asset Management L.P. owned about 0.12% of Global Payments as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Strive Financial Group LLC acquired a new position in Global Payments during the 4th quarter valued at about $25,000. DV Equities LLC bought a new position in Global Payments in the 4th quarter worth about $26,000. Torren Management LLC acquired a new stake in shares of Global Payments in the fourth quarter valued at approximately $34,000. Western Wealth Management LLC acquired a new stake in shares of Global Payments in the first quarter valued at approximately $34,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of Global Payments during the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Up 1.5%

GPN opened at $91.72 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $24.27 billion, a PE ratio of -30.78, a P/E/G ratio of 0.52 and a beta of 0.74. The stock’s fifty day moving average is $78.72 and its 200-day moving average is $73.58. Global Payments Inc. has a one year low of $61.16 and a one year high of $95.58.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, beating the consensus estimate of $3.44 by $0.02. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same period in the prior year, the business earned $3.10 earnings per share. The business’s quarterly revenue was up 68.6% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, equities analysts predict that Global Payments Inc. will post 13.66 EPS for the current fiscal year.

Global Payments Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GPN shares. Argus set a $110.00 price objective on Global Payments and gave the stock a “buy” rating in a report on Thursday, August 6th. Cantor Fitzgerald cut their target price on Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. BTIG Research reiterated a “neutral” rating on shares of Global Payments in a research report on Tuesday, June 9th. Truist Financial increased their price target on Global Payments from $76.00 to $79.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. Finally, Citigroup reissued a “buy” rating on shares of Global Payments in a report on Thursday, August 6th. Ten analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $90.92.

Global Payments 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.