Davis Asset Management L.P. Purchases Shares of 1,485,000 Global Payments Inc. $GPN

Davis Asset Management L.P. purchased a new stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 1,485,000 shares of the business services provider's stock, valued at approximately $107,752,000. Global Payments makes up 2.7% of Davis Asset Management L.P.'s investment portfolio, making the stock its 13th largest position. Davis Asset Management L.P. owned approximately 0.56% of Global Payments at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Gtcr LLC purchased a new stake in shares of Global Payments in the first quarter worth $2,911,939,000. Pzena Investment Management LLC purchased a new position in Global Payments during the second quarter worth about $848,344,000. Norges Bank purchased a new position in Global Payments during the fourth quarter worth about $276,014,000. Deutsche Bank AG bought a new position in Global Payments in the 2nd quarter worth about $138,781,000. Finally, Bank of New York Mellon Corp bought a new position in Global Payments in the 2nd quarter worth about $99,702,000. Institutional investors own 89.76% of the company's stock.

Global Payments Stock Performance

Shares of GPN stock opened at $93.74 on Friday. The company has a market capitalization of $24.81 billion, a P/E ratio of -31.46, a PEG ratio of 0.54 and a beta of 0.74. 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 50 day moving average price of $79.77 and a two-hundred day moving average price of $73.86. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $95.58.

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

Global Payments Dividend Announcement

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

Global Payments News Roundup

Here are the key news stories impacting Global Payments this week:

• Positive Sentiment: Zacks Research raised its EPS forecasts for the first quarters of 2027 and 2028 to $3.43 and $4.02, respectively. These increases suggest some confidence in Global Payments’ earnings trajectory, while its FY2027 and FY2028 estimates still imply substantial year-over-year growth. Global Payments analyst estimate report
• Neutral Sentiment: Analyst sentiment remains divided. Zacks maintains a “Hold” rating, while a separate report highlights conflicting views among analysts regarding Global Payments and other industrial-goods companies. This lack of consensus may limit the stock’s upside despite its recent strength. Analysts Have Conflicting Sentiments on Global Payments
• Negative Sentiment: Zacks cut estimates across several periods, including Q3 and Q4 2026, FY2026, Q2 through Q4 2027, FY2027, Q2 2028 and FY2028. The firm reduced its FY2026 forecast to $13.63 from $13.85, FY2027 to $16.00 from $16.43, and FY2028 to $18.53 from $19.00. The revisions point to somewhat weaker expected earnings momentum and could pressure the valuation, particularly with the stock near its recent high. Zacks’ unchanged “Hold” rating reinforces the cautious outlook. Zacks Global Payments estimate revisions

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GPN. The Goldman Sachs Group lifted their price target on Global Payments from $82.00 to $94.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Susquehanna set a $111.00 price objective on shares of Global Payments and gave the stock a "positive" rating in a research report on Wednesday, June 3rd. Wells Fargo & Company lowered their target price on shares of Global Payments from $105.00 to $95.00 and set an "overweight" rating on the stock in a research note on Thursday, July 9th. Royal Bank Of Canada boosted their price target on shares of Global Payments from $96.00 to $102.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Finally, Rothschild & Co Redburn decreased their price target on shares of Global Payments from $70.00 to $60.00 and set a "sell" rating on the stock in a report on Tuesday, May 12th. Ten analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Global Payments has an average rating of "Hold" and an average price target of $90.92.

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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