Parallax Volatility Advisers L.P. Makes New Investment in Global Payments Inc. $GPN

Parallax Volatility Advisers L.P. acquired a new stake in shares of Global Payments Inc. (NYSE:GPN) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 5,656 shares of the business services provider’s stock, valued at approximately $410,000.

Several other institutional investors and hedge funds have also modified their holdings of GPN. Strive Financial Group LLC bought a new stake in shares of Global Payments during the fourth quarter worth $25,000. DV Equities LLC bought a new stake in Global Payments in the 4th quarter valued at $26,000. Johnson Financial Group Inc. bought a new stake in Global Payments in the 3rd quarter valued at $35,000. Torren Management LLC acquired a new position in Global Payments in the 4th quarter worth $34,000. Finally, Hantz Financial Services Inc. increased its holdings in Global Payments by 87.5% during the 4th quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider’s stock worth $37,000 after purchasing an additional 223 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GPN has been the topic of a number of recent research reports. Royal Bank Of Canada lifted their target price on Global Payments from $96.00 to $102.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 19th. Citigroup restated a “buy” rating on shares of Global Payments in a research note on Thursday, August 6th. HC Wainwright initiated coverage on shares of Global Payments in a report on Thursday, August 6th. They set a “buy” rating for the company. Stephens set a $80.00 price target on shares of Global Payments and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Finally, Barclays set a $89.00 price objective on Global Payments and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Nine investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Global Payments presently has an average rating of “Hold” and an average target price of $92.36.

Global Payments Stock Down 0.9%

GPN stock opened at $93.01 on Thursday. The firm has a market capitalization of $24.61 billion, a PE ratio of -31.21, a P/E/G ratio of 0.54 and a beta of 0.74. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. Global Payments Inc. has a twelve month low of $61.16 and a twelve month high of $95.88. The stock’s 50 day moving average is $81.34 and its 200-day moving average is $74.38.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.16 billion. During the same period in the prior year, the firm posted $3.10 EPS. Global Payments’s quarterly revenue 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. Sell-side analysts expect that Global Payments Inc. will post 13.66 EPS for the current fiscal year.

Global Payments Announces Dividend

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

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.