Prescott Group Capital Management L.L.C. Increases Holdings in Global Payments Inc. $GPN

Prescott Group Capital Management L.L.C. grew its stake in Global Payments Inc. (NYSE:GPN) by 31.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,805 shares of the business services provider’s stock after acquiring an additional 14,310 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Global Payments were worth $4,787,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC acquired a new position in Global Payments in the 4th quarter valued at about $725,000. Alps Advisors Inc. lifted its stake in shares of Global Payments by 11.8% in the 1st quarter. Alps Advisors Inc. now owns 9,039 shares of the business services provider’s stock valued at $885,000 after purchasing an additional 951 shares during the last quarter. Xponance Inc. increased its position in shares of Global Payments by 0.6% during the 1st quarter. Xponance Inc. now owns 36,634 shares of the business services provider’s stock worth $3,587,000 after purchasing an additional 235 shares during the last quarter. Ballentine Partners LLC purchased a new stake in Global Payments in the 1st quarter valued at about $224,000. Finally, Aurora Investment Counsel raised its holdings in Global Payments by 7.3% in the 1st quarter. Aurora Investment Counsel now owns 12,558 shares of the business services provider’s stock valued at $1,230,000 after buying an additional 849 shares during the period. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of Global Payments from $85.00 to $90.00 and gave the company an “in-line” rating in a research report on Friday, August 8th. UBS Group increased their price objective on Global Payments from $85.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Citigroup upgraded shares of Global Payments to a “strong-buy” rating in a research note on Thursday, October 23rd. Wells Fargo & Company upgraded Global Payments to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Mizuho upgraded shares of Global Payments from a “neutral” rating to an “outperform” rating and upped their target price for the company from $86.00 to $114.00 in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $104.10.

Global Payments Stock Down 0.5%

Global Payments stock opened at $75.96 on Friday. The firm has a market capitalization of $18.43 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95. Global Payments Inc. has a fifty-two week low of $65.93 and a fifty-two week high of $120.00. The stock’s fifty day moving average is $84.93 and its two-hundred day moving average is $81.88. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Tuesday, November 4th. The business services provider reported $3.26 EPS for the quarter, beating the consensus estimate of $3.23 by $0.03. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.41 billion. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. During the same period in the prior year, the business earned $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. Analysts predict that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, December 12th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.00 annualized dividend and a yield of 1.3%. Global Payments’s payout ratio is presently 14.04%.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.