21,900 Shares in Global Payments Inc. $GPN Acquired by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group opened a new position in Global Payments, buying 21,900 shares valued at about $1.695 million in the fourth quarter.
• Global Payments reported better-than-expected quarterly results, with EPS of $2.96 versus estimates of $2.82 and revenue of $2.86 billion topping forecasts. Revenue also jumped 63.1% year over year.
• The company declared a quarterly dividend of $0.25 per share, equal to $1.00 annualized and a yield of about 1.4%, while analysts currently rate the stock Hold on average.

Jefferies Financial Group Inc. bought a new position in shares of Global Payments Inc. (NYSE:GPN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,900 shares of the business services provider's stock, valued at approximately $1,695,000.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Global Payments by 56.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,012 shares of the business services provider's stock valued at $156,000 after purchasing an additional 726 shares during the last quarter. LSV Asset Management increased its holdings in Global Payments by 30.8% in the fourth quarter. LSV Asset Management now owns 448,100 shares of the business services provider's stock worth $34,683,000 after buying an additional 105,500 shares during the last quarter. Advisory Alpha LLC boosted its holdings in Global Payments by 9.8% in the fourth quarter. Advisory Alpha LLC now owns 3,175 shares of the business services provider's stock worth $246,000 after purchasing an additional 284 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in 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 worth $883,111,000 after purchasing an additional 500,887 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Global Payments in the 4th quarter worth approximately $236,000. 89.76% of the stock is currently owned by institutional investors.

Global Payments Price Performance

Shares of NYSE GPN opened at $73.50 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. The business's 50 day moving average price is $69.02 and its two-hundred day moving average price is $73.54. Global Payments Inc. has a twelve month low of $62.45 and a twelve month high of $90.64. The company has a market cap of $20.10 billion, a PE ratio of -36.03, a price-to-earnings-growth ratio of 0.41 and a beta of 0.75.

Global Payments (NYSE:GPN - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping analysts' consensus estimates of $2.82 by $0.14. The firm had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The company's revenue for the quarter was up 63.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, analysts predict that Global Payments Inc. will post 13.89 EPS for the current year.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. Global Payments's dividend payout ratio is currently -49.02%.

Analyst Ratings Changes

GPN has been the topic of a number of research analyst reports. Raymond James Financial lowered Global Payments from an "outperform" rating to a "market perform" rating in a report on Thursday, March 26th. Stephens set a $80.00 price objective on Global Payments and gave the company an "equal weight" rating in a report on Thursday, May 7th. Weiss Ratings cut Global Payments from a "hold (c-)" rating to a "sell (d)" rating in a report on Monday, May 11th. JPMorgan Chase & Co. decreased their target price on Global Payments from $95.00 to $90.00 and set a "neutral" rating on the stock in a report on Thursday, February 12th. Finally, BNP Paribas Exane reduced their target price on shares of Global Payments from $64.00 to $60.00 and set an "underperform" rating on the stock in a research report on Friday, April 10th. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Global Payments presently has a consensus rating of "Hold" and a consensus target price of $84.29.

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.

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