Concurrent Investment Advisors LLC Boosts Stake in Global Payments Inc. $GPN

Key Points

• Concurrent Investment Advisors increased its Global Payments stake by 406.1% in the second quarter, bringing its holdings to 61,423 shares worth approximately $4.46 million. Institutional investors collectively own 89.76% of the company.
• Analyst sentiment remains mixed: Jefferies, HC Wainwright and UBS issued or maintained buy ratings, while the broader consensus is “Hold” with a $92.52 target price. Wolfe Research raised its target to $125.
• Global Payments reported quarterly EPS of $3.46, slightly exceeding expectations, while revenue rose 68.6% year over year to $3.16 billion. The company also declared a quarterly dividend of $0.25 per share, representing a 1.1% annualized yield.

Concurrent Investment Advisors LLC increased its stake in Global Payments Inc. (NYSE:GPN - Free Report) by 406.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,423 shares of the business services provider's stock after purchasing an additional 49,286 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Global Payments were worth $4,457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Strive Financial Group LLC purchased a new stake in Global Payments in the fourth quarter worth about $25,000. DV Equities LLC purchased a new position in shares of Global Payments during the 4th quarter valued at about $26,000. Johnson Financial Group Inc. bought a new position in shares of Global Payments during the 3rd quarter valued at approximately $35,000. Hantz Financial Services Inc. grew its stake in shares of Global Payments by 87.5% during the 4th quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider's stock valued at $37,000 after acquiring an additional 223 shares during the period. Finally, Western Wealth Management LLC purchased a new stake in Global Payments in the 1st quarter worth approximately $34,000. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Jefferies Financial Group upgraded shares of Global Payments from a "hold" rating to a "buy" rating in a research note on Thursday, August 6th. Weiss Ratings reissued a "sell (d)" rating on shares of Global Payments in a research note on Friday, August 7th. HC Wainwright assumed coverage on shares of Global Payments in a research report on Thursday, August 6th. They set a "buy" rating on the stock. UBS Group assumed coverage on shares of Global Payments in a research report on Thursday, August 6th. They set a "buy" rating on the stock. Finally, Wolfe Research restated an "outperform" rating and set a $125.00 target price (up from $110.00) on shares of Global Payments in a research note on Tuesday, August 25th. Nine analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $92.52.

Global Payments Stock Performance

Shares of NYSE GPN opened at $92.76 on Monday. 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 company has a market cap of $24.55 billion, a P/E ratio of -31.13, a P/E/G ratio of 0.50 and a beta of 0.78. The firm's fifty day moving average is $84.83 and its two-hundred day moving average is $75.41. Global Payments Inc. has a 52-week low of $61.16 and a 52-week high of $95.88.

Global Payments (NYSE:GPN - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, beating the consensus estimate of $3.44 by $0.02. The business had revenue of $3.16 billion during 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 revenue was up 68.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, analysts anticipate that Global Payments Inc. will post 13.64 EPS for the current fiscal year.

Global Payments Announces Dividend

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

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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