Waverly Advisors LLC Grows Position in Global Payments Inc. $GPN

Waverly Advisors LLC raised its holdings in shares of Global Payments Inc. (NYSE:GPN) by 37.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 65,884 shares of the business services provider’s stock after acquiring an additional 17,917 shares during the quarter. Waverly Advisors LLC’s holdings in Global Payments were worth $4,434,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Global Payments in the fourth quarter worth about $276,014,000. Balyasny Asset Management L.P. lifted its stake in shares of Global Payments by 112.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock valued at $189,545,000 after buying an additional 1,206,807 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of Global Payments by 5,710.5% during the 4th quarter. Clearbridge Investments LLC now owns 941,299 shares of the business services provider’s stock valued at $72,857,000 after buying an additional 925,099 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Global Payments by 93.8% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,412,128 shares of the business services provider’s stock worth $109,299,000 after buying an additional 683,524 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Global Payments by 126.9% in the 3rd quarter. National Bank of Canada FI now owns 1,019,788 shares of the business services provider’s stock worth $84,724,000 after buying an additional 570,413 shares during the period. Institutional investors own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lowered 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 report on Tuesday, April 7th. Rothschild & Co Redburn cut their price target on Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. TD Cowen reaffirmed a “hold” rating and issued a $74.00 price target (down from $86.00) on shares of Global Payments in a report on Thursday, June 11th. Weiss Ratings cut Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Finally, BTIG Research reiterated a “neutral” rating on shares of Global Payments in a research note on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $83.46.

Global Payments Price Performance

GPN stock opened at $87.30 on Wednesday. The firm has a 50 day moving average of $72.98 and a 200-day moving average of $72.09. The firm has a market capitalization of $23.88 billion, a P/E ratio of -42.80, a price-to-earnings-growth ratio of 0.47 and a beta of 0.76. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $90.64. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. 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 prior year, the firm posted $2.82 EPS. Global Payments’s 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. As a group, sell-side analysts predict that Global Payments Inc. will post 13.82 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. Global Payments’s dividend payout ratio is presently -49.02%.

Global Payments 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.