Corsair Capital Management L.P. Buys New Holdings in Global Payments Inc. $GPN

Corsair Capital Management L.P. purchased a new position in shares of Global Payments Inc. (NYSE:GPN) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,000 shares of the business services provider’s stock, valued at approximately $538,000.

Other large investors have also bought and sold shares of the company. Gtcr LLC purchased a new stake in shares of Global Payments during the first quarter valued at approximately $2,911,939,000. Pzena Investment Management LLC grew its holdings in shares of Global Payments by 1.8% in the first quarter. Pzena Investment Management LLC now owns 11,615,577 shares of the business services provider’s stock worth $781,728,000 after purchasing an additional 205,880 shares during the last quarter. Glenview Capital Management LLC increased its stake in shares of Global Payments by 13.8% in the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock worth $345,524,000 after buying an additional 523,209 shares during the period. Norges Bank purchased a new position in shares of Global Payments in the fourth quarter worth $276,014,000. Finally, Northern Trust Corp raised its holdings in Global Payments by 1.7% during the 4th quarter. Northern Trust Corp now owns 2,675,925 shares of the business services provider’s stock valued at $207,117,000 after buying an additional 45,857 shares during the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Truist Financial raised their price target on shares of Global Payments from $76.00 to $79.00 and gave the stock a “hold” rating in a report on Friday. Wells Fargo & Company lowered their price objective on shares of Global Payments from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. BMO Capital Markets started coverage on shares of Global Payments in a report on Tuesday, April 21st. They set a “market perform” rating and a $76.00 target price for the company. Susquehanna set a $111.00 target price on Global Payments and gave the stock a “positive” rating in a research note on Wednesday, June 3rd. Finally, Morgan Stanley initiated coverage on Global Payments in a research note on Monday, June 22nd. They issued an “equal weight” rating and a $65.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $83.46.

Global Payments Trading Up 0.1%

NYSE GPN opened at $80.97 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. Global Payments Inc. has a twelve month low of $61.16 and a twelve month high of $90.64. The firm has a market capitalization of $22.15 billion, a PE ratio of -39.69, a P/E/G ratio of 0.46 and a beta of 0.76. The stock’s 50 day moving average is $72.29 and its 200 day moving average is $71.97.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.14. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The firm’s revenue for the quarter was up 63.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Research analysts forecast that Global Payments Inc. will post 13.82 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. Global Payments’s dividend payout ratio is currently -49.02%.

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.