Van ECK Associates Corp Acquires 11,381 Shares of Global Payments Inc. $GPN

Van ECK Associates Corp boosted its holdings in Global Payments Inc. (NYSE:GPN) by 35.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,337 shares of the business services provider’s stock after acquiring an additional 11,381 shares during the quarter. Van ECK Associates Corp’s holdings in Global Payments were worth $3,145,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GPN. Gtcr LLC purchased a new position in shares of Global Payments during the first quarter worth about $2,911,939,000. Pzena Investment Management LLC purchased a new stake in Global Payments in the second quarter valued at approximately $848,344,000. Glenview Capital Management LLC raised its stake in 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 valued at $345,524,000 after purchasing an additional 523,209 shares in the last quarter. Norges Bank bought a new stake in Global Payments during the fourth quarter valued at approximately $276,014,000. Finally, Northern Trust Corp lifted its position in Global Payments by 1.7% during the fourth quarter. Northern Trust Corp now owns 2,675,925 shares of the business services provider’s stock valued at $207,117,000 after purchasing an additional 45,857 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

Shares of Global Payments stock opened at $91.60 on Friday. Global Payments Inc. has a 52-week low of $61.16 and a 52-week high of $95.88. The stock has a market capitalization of $24.24 billion, a price-to-earnings ratio of -30.74, a price-to-earnings-growth ratio of 0.50 and a beta of 0.78. The company has a fifty day moving average of $84.37 and a 200-day moving average of $75.24. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the company earned $3.10 EPS. The firm’s 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. Equities research analysts expect that Global Payments Inc. will post 13.65 EPS for the current year.

Global Payments Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GPN. Barclays set a $89.00 price objective on shares of Global Payments and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Keefe, Bruyette & Woods increased their target price on Global Payments from $76.00 to $95.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. HC Wainwright assumed coverage on Global Payments in a research report on Thursday, August 6th. They set a “buy” rating on the stock. Truist Financial lifted their price target on Global Payments from $79.00 to $95.00 and gave the stock a “hold” rating in a research note on Tuesday, August 25th. Finally, Wells Fargo & Company cut their price objective on Global Payments from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $92.52.

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.