Steamboat Capital Partners LLC Increases Stake in Global Payments Inc. $GPN

Steamboat Capital Partners LLC raised its holdings in Global Payments Inc. (NYSE:GPN) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 147,367 shares of the business services provider’s stock after buying an additional 7,367 shares during the period. Global Payments makes up approximately 2.3% of Steamboat Capital Partners LLC’s portfolio, making the stock its 11th largest position. Steamboat Capital Partners LLC’s holdings in Global Payments were worth $10,693,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brighton Jones LLC acquired a new position in Global Payments during the 4th quarter worth $725,000. Caxton Associates LLP acquired a new stake in Global Payments in the first quarter valued at approximately $243,000. Intech Investment Management LLC raised its holdings in Global Payments by 43.5% in the first quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock valued at $1,416,000 after acquiring an additional 4,386 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Global Payments by 7.3% in the second quarter. Daiwa Securities Group Inc. now owns 41,577 shares of the business services provider’s stock worth $3,327,000 after acquiring an additional 2,840 shares during the last quarter. Finally, AXA S.A. grew its holdings in Global Payments by 236.6% during the 2nd quarter. AXA S.A. now owns 28,622 shares of the business services provider’s stock worth $2,291,000 after acquiring an additional 20,119 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

GPN has been the subject of several recent analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $83.00 price objective on shares of Global Payments in a research report on Thursday, August 6th. Truist Financial lifted their price target on Global Payments from $79.00 to $95.00 and gave the stock a “hold” rating in a report on Tuesday, August 25th. Robert W. Baird set a $120.00 price objective on Global Payments in a report on Thursday, August 6th. Susquehanna set a $111.00 target price on Global Payments and gave the stock a “positive” rating in a research report on Wednesday, June 3rd. Finally, HC Wainwright began coverage on Global Payments in a research note on Thursday, August 6th. They set a “buy” rating for the company. Nine investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $92.52.

Global Payments Stock Down 3.2%

GPN opened at $89.54 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82. The business has a 50 day simple moving average of $85.60 and a 200-day simple moving average of $75.63. The stock has a market capitalization of $23.69 billion, a P/E ratio of -30.05, a P/E/G ratio of 0.50 and a beta of 0.78. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $95.88.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.02. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The firm’s quarterly revenue was up 68.6% compared to the same quarter last year. During the same period last year, the company posted $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, equities analysts anticipate that Global Payments Inc. will post 13.64 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders 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 dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 11th. Global Payments’s payout ratio is -33.56%.

About Global Payments

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.