271,622 Shares in Global Payments Inc. $GPN Acquired by Meridiem Capital Partners LP

Key Points

• Meridiem Capital Partners LP bought 271,622 shares of Global Payments (NYSE:GPN) in Q3—about $22.6 million—making GPN roughly 1.4% of Meridiem's portfolio while institutional investors own about 89.76% of the stock.
• Global Payments beat Q results slightly with $3.18 EPS (vs. $3.16 est.) and flat revenue of $2.32B, issued FY2026 guidance of EPS 13.80–14.00, and currently trades at a P/E of 11.94.
• The company declared a quarterly dividend of $0.25 ($1.00 annual, 1.4% yield) with an ex-dividend date of March 9, and analysts' consensus rating is "Hold" with an average price target of $91.36.

Meridiem Capital Partners LP acquired a new stake in Global Payments Inc. (NYSE:GPN - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 271,622 shares of the business services provider's stock, valued at approximately $22,566,000. Global Payments makes up about 1.4% of Meridiem Capital Partners LP's portfolio, making the stock its 26th biggest position. Meridiem Capital Partners LP owned 0.11% of Global Payments at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GPN. Tocqueville Asset Management L.P. boosted its position in shares of Global Payments by 124.9% during the third quarter. Tocqueville Asset Management L.P. now owns 186,905 shares of the business services provider's stock valued at $15,528,000 after buying an additional 103,788 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in Global Payments in the 3rd quarter worth about $35,000. Quadrature Capital Ltd raised its position in Global Payments by 105.7% in the 3rd quarter. Quadrature Capital Ltd now owns 20,611 shares of the business services provider's stock worth $1,713,000 after buying an additional 10,593 shares during the last quarter. Quantitative Investment Management LLC bought a new position in Global Payments during the 3rd quarter valued at about $236,000. Finally, Gator Capital Management LLC lifted its stake in Global Payments by 63.6% during the 3rd quarter. Gator Capital Management LLC now owns 141,700 shares of the business services provider's stock valued at $11,772,000 after acquiring an additional 55,075 shares during the period. Institutional investors own 89.76% of the company's stock.

Global Payments Stock Performance

NYSE:GPN traded down $1.17 during mid-day trading on Friday, hitting $69.18. 165,532 shares of the company traded hands, compared to its average volume of 3,844,179. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.83. The stock's fifty day moving average price is $74.86 and its 200-day moving average price is $79.63. The firm has a market cap of $19.36 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 0.40 and a beta of 0.73. Global Payments Inc. has a one year low of $65.93 and a one year high of $100.56.

Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.16 by $0.02. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The business's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Research analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, March 9th. Global Payments's dividend payout ratio (DPR) is presently 17.27%.

Analyst Upgrades and Downgrades

GPN has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $97.00 price target (up from $95.00) on shares of Global Payments in a research note on Thursday, February 19th. TD Cowen restated a "hold" rating on shares of Global Payments in a research report on Thursday, February 19th. Rothschild & Co Redburn lifted their target price on shares of Global Payments from $65.00 to $70.00 and gave the stock a "sell" rating in a research report on Wednesday, December 3rd. Stephens decreased their target price on shares of Global Payments from $95.00 to $90.00 and set an "equal weight" rating for the company in a research note on Friday, January 16th. Finally, BNP Paribas Exane increased their price target on Global Payments from $73.00 to $76.00 and gave the company an "underperform" rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $91.36.

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.

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