Corient Private Wealth LP Purchases New Holdings in Global Payments Inc. $GPN

Key Points

• Corient Private Wealth initiated a position in Global Payments by purchasing 61,000 shares valued at approximately $4.43 million. Institutional investors collectively own 89.76% of the company.
• Analysts maintain a consensus “Hold” rating, with nine Buys, 16 Holds, and three Sells; the average price target is $92.52.
• Global Payments slightly exceeded quarterly earnings expectations, reporting $3.46 in EPS and $3.16 billion in revenue, up 68.6% year over year. The company also declared a quarterly dividend of $0.25 per share, representing a 1.1% annualized yield.

Corient Private Wealth LP acquired a new position in Global Payments Inc. (NYSE:GPN - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 61,000 shares of the business services provider's stock, valued at approximately $4,427,000.

Other institutional investors have also added to or reduced their stakes in the company. Strive Financial Group LLC purchased a new stake in shares of Global Payments in the fourth quarter worth approximately $25,000. DV Equities LLC purchased a new position in Global Payments during the 4th quarter valued at $26,000. Western Wealth Management LLC purchased a new position in Global Payments during the 1st quarter valued at $34,000. Johnson Financial Group Inc. bought a new position in Global Payments in the 3rd quarter valued at $35,000. Finally, Hantz Financial Services Inc. increased its stake in Global Payments by 87.5% in the fourth quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider's stock worth $37,000 after purchasing an additional 223 shares during the period. Institutional investors own 89.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GPN. Wells Fargo & Company cut their price target on shares of Global Payments from $105.00 to $95.00 and set an "overweight" rating on the stock in a report on Thursday, July 9th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $106.00 price objective (up from $102.00) on shares of Global Payments in a research report on Monday. Barclays set a $89.00 target price on shares of Global Payments and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. Citigroup reaffirmed a "buy" rating on shares of Global Payments in a research report on Thursday, August 6th. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $83.00 price target on shares of Global Payments in a report on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $92.52.

Global Payments Stock Down 0.9%

Shares of Global Payments stock opened at $91.03 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $24.09 billion, a price-to-earnings ratio of -30.55, a PEG ratio of 0.53 and a beta of 0.74. The firm's 50-day moving average is $82.87 and its two-hundred day moving average is $74.78. Global Payments Inc. has a 1 year low of $61.16 and a 1 year high of $95.88.

Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly earnings results 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. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the previous year, the business posted $3.10 EPS. The company's quarterly revenue was up 68.6% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, research analysts expect that Global Payments Inc. will post 13.66 earnings per share for the current fiscal year.

Global Payments Announces Dividend

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

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.

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