Algebris UK Ltd. Takes $91.29 Million Position in Global Payments Inc. $GPN

Key Points

• Algebris UK Ltd. acquired 1.26 million Global Payments shares worth approximately $91.29 million, making GPN its third-largest holding at 6% of the portfolio and representing about 0.48% of the company.
• Institutional ownership remains high at 89.76%, with several major investors—including GTCR, Pzena Investment Management and Norges Bank—also taking new positions.
• Analyst sentiment is mixed, with an overall “Hold” rating and average price target of $90.92, while Global Payments reported quarterly EPS of $3.46, revenue of $3.16 billion and 68.6% year-over-year revenue growth.

Algebris UK Ltd. purchased a new position in shares of Global Payments Inc. (NYSE:GPN - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,262,105 shares of the business services provider's stock, valued at approximately $91,290,000. Global Payments accounts for approximately 6.0% of Algebris UK Ltd.'s holdings, making the stock its 3rd biggest position. Algebris UK Ltd. owned about 0.48% of Global Payments at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Gtcr LLC acquired a new position in shares of Global Payments in the 1st quarter valued at $2,911,939,000. Pzena Investment Management LLC bought a new stake in Global Payments in the second quarter valued at about $848,344,000. Norges Bank bought a new stake in Global Payments in the fourth quarter valued at about $276,014,000. Deutsche Bank AG acquired a new position in Global Payments in the second quarter valued at about $138,781,000. Finally, Bank of New York Mellon Corp acquired a new position in Global Payments in the second quarter valued at about $99,702,000. Institutional investors and hedge funds own 89.76% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GPN shares. Argus set a $110.00 price objective on shares of Global Payments and gave the stock a "buy" rating in a research note on Thursday, August 6th. Barclays set a $89.00 target price on shares of Global Payments and gave the company an "equal weight" rating in a research note on Thursday, August 6th. HC Wainwright started coverage on shares of Global Payments in a report on Thursday, August 6th. They issued a "buy" rating on the stock. Wolfe Research raised shares of Global Payments from a "peer perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research report on Thursday, August 6th. Finally, Jefferies Financial Group raised shares of Global Payments from a "hold" rating to a "buy" rating in a report on Thursday, August 6th. Ten analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $90.92.

Global Payments Price Performance

NYSE GPN opened at $91.72 on Thursday. The business has a 50 day simple moving average of $78.72 and a 200 day simple moving average of $73.58. Global Payments Inc. has a 52-week low of $61.16 and a 52-week high of $95.58. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $24.27 billion, a price-to-earnings ratio of -30.78, a PEG ratio of 0.52 and a beta of 0.74.

Global Payments (NYSE:GPN - Get Free Report) last announced its earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.44 by $0.02. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.16 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The business's quarterly revenue was up 68.6% on a year-over-year basis. During the same period last year, the company posted $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Analysts anticipate that Global Payments Inc. will post 13.66 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

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

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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