Polianta Ltd Buys New Shares in Global Payments Inc. $GPN

Polianta Ltd purchased a new stake in Global Payments Inc. (NYSE:GPN) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,900 shares of the business services provider’s stock, valued at approximately $1,339,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Westpac Banking Corp lifted its position in shares of Global Payments by 5,795.1% in the 4th quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock worth $4,426,000 after acquiring an additional 56,212 shares during the period. Moore Capital Management LP grew its holdings in shares of Global Payments by 13.3% during the 3rd quarter. Moore Capital Management LP now owns 231,200 shares of the business services provider’s stock worth $19,208,000 after purchasing an additional 27,200 shares in the last quarter. Invenomic Capital Management LP increased its position in shares of Global Payments by 11.1% during the third quarter. Invenomic Capital Management LP now owns 681,094 shares of the business services provider’s stock valued at $56,585,000 after purchasing an additional 68,071 shares during the period. Jain Global LLC bought a new stake in shares of Global Payments during the third quarter valued at approximately $10,656,000. Finally, Pzena Investment Management LLC raised its stake in shares of Global Payments by 4.6% in the fourth 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 in the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Truist Financial reduced their target price on Global Payments from $81.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. BMO Capital Markets assumed coverage on shares of Global Payments in a report on Tuesday, April 21st. They issued a “market perform” rating and a $76.00 price target on the stock. Raymond James Financial cut shares of Global Payments from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. UBS Group reaffirmed a “neutral” rating and set a $80.00 price objective on shares of Global Payments in a report on Thursday, May 7th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Global Payments from $90.00 to $76.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 7th. Five analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $84.73.

Global Payments Trading Up 0.2%

Shares of GPN opened at $67.03 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86. The stock has a market cap of $18.34 billion, a PE ratio of -32.86, a PEG ratio of 0.38 and a beta of 0.76. Global Payments Inc. has a 1 year low of $61.16 and a 1 year high of $90.64. The stock has a 50 day simple moving average of $69.30 and a 200-day simple moving average of $72.82.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, beating the consensus estimate of $2.82 by $0.14. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the firm earned $2.82 EPS. Global Payments’s quarterly revenue was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, sell-side analysts predict that Global Payments Inc. will post 13.88 EPS for the current fiscal year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. Global Payments’s dividend payout ratio (DPR) is presently -49.02%.

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.