Engineers Gate Manager LP Trims Holdings in Global Payments Inc. $GPN

Engineers Gate Manager LP lowered its position in Global Payments Inc. (NYSE:GPN - Free Report) by 14.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,153 shares of the business services provider's stock after selling 16,357 shares during the period. Engineers Gate Manager LP's holdings in Global Payments were worth $6,759,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of GPN. IFP Advisors Inc boosted its holdings in Global Payments by 9.8% in the second quarter. IFP Advisors Inc now owns 1,433 shares of the business services provider's stock valued at $104,000 after purchasing an additional 128 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Global Payments by 1.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider's stock worth $794,000 after purchasing an additional 163 shares during the period. Southern Financial Group LLC raised its stake in shares of Global Payments by 5.1% during the 1st quarter. Southern Financial Group LLC now owns 3,651 shares of the business services provider's stock valued at $246,000 after buying an additional 178 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Global Payments by 0.6% during the 3rd quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider's stock valued at $2,514,000 after buying an additional 187 shares during the last quarter. Finally, New Mexico Educational Retirement Board lifted its holdings in shares of Global Payments by 1.8% in the 4th quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider's stock valued at $871,000 after buying an additional 200 shares during the period. 89.76% of the stock is owned by hedge funds and other institutional investors.

Global Payments Stock Performance

NYSE:GPN opened at $88.46 on Friday. The company has a fifty day moving average of $86.24 and a two-hundred day moving average of $75.81. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $95.88. The stock has a market capitalization of $23.41 billion, a PE ratio of -29.68, a P/E/G ratio of 0.48 and a beta of 0.78. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82.

Global Payments (NYSE:GPN - Get Free Report) last issued its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.02. The business had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The business's revenue for the quarter was up 68.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, research analysts forecast that Global Payments Inc. will post 13.64 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid 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%.

Wall Street Analyst Weigh In

Several analysts recently commented on GPN shares. BMO Capital Markets reaffirmed a "market perform" rating and set a $83.00 target price on shares of Global Payments in a report on Thursday, August 6th. Piper Sandler set a $101.00 price target on Global Payments and gave the company a "neutral" rating in a report on Thursday. Argus set a $110.00 price objective on Global Payments and gave the stock a "buy" rating in a research report on Thursday, August 6th. UBS Group assumed coverage on shares of Global Payments in a research note on Thursday, August 6th. They set a "buy" rating on the stock. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Global Payments in a report on Friday, August 7th. Nine equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $92.85.

Global Payments Company Profile

Global Payments Inc NYSE: GPN is a payments technology and software company that provides solutions for businesses, financial institutions and other organizations. Its services support payment acceptance across in-store, online and mobile channels, including credit and debit card processing, point-of-sale systems, payment gateways, integrated software and related business management tools.

The company serves merchants across industries such as retail, restaurants, hospitality, education, health care and professional services.

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