Equity Investment Corp Acquires Shares of 14,067 Global Payments Inc. $GPN

Key Points

• Equity Investment Corp acquired 14,067 shares of Global Payments during the second quarter, valued at approximately $1.02 million. Institutional investors collectively own 89.76% of the company.
• Global Payments reported quarterly EPS of $3.46, exceeding estimates by $0.02, while revenue rose 68.6% year over year to $3.16 billion. The company issued fiscal 2026 EPS guidance of $13.60–$13.80.
• The company declared a quarterly dividend of $0.25, equivalent to a $1.00 annualized payout and a 1.1% yield. Analysts maintain a consensus “Hold” rating with an average price target of $90.68.

Equity Investment Corp bought a new position in Global Payments Inc. (NYSE:GPN - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,067 shares of the business services provider's stock, valued at approximately $1,021,000.

A number of other large investors have also recently made changes to their positions in GPN. BI Asset Management Fondsmaeglerselskab A S lifted its holdings 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 valued at $794,000 after buying an additional 163 shares in the last quarter. Southern Financial Group LLC grew its stake in Global Payments by 5.1% in the 1st quarter. Southern Financial Group LLC now owns 3,651 shares of the business services provider's stock worth $246,000 after acquiring an additional 178 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Global Payments by 0.6% during the third quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider's stock worth $2,514,000 after acquiring an additional 187 shares during the period. New Mexico Educational Retirement Board increased its position in shares of Global Payments by 1.8% during the fourth quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider's stock worth $871,000 after acquiring an additional 200 shares during the period. Finally, Dempze Nancy E raised its stake in shares of Global Payments by 1.5% during the fourth quarter. Dempze Nancy E now owns 13,500 shares of the business services provider's stock valued at $1,045,000 after acquiring an additional 200 shares in the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

Global Payments Stock Performance

Shares of GPN stock opened at $90.50 on Wednesday. Global Payments Inc. has a 12-month low of $61.16 and a 12-month high of $95.58. The business's fifty day simple moving average is $78.14 and its 200-day simple moving average is $73.43. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. The company has a market cap of $23.95 billion, a PE ratio of -30.37, a PEG ratio of 0.54 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 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.02. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the previous year, the business earned $3.10 EPS. The firm's revenue for the quarter was up 68.6% on a year-over-year basis. 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 fiscal year.

Global Payments Announces Dividend

The business also recently announced 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 is Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. Global Payments's dividend payout ratio (DPR) is -33.56%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GPN shares. Deutsche Bank Aktiengesellschaft dropped their price target on Global Payments from $75.00 to $70.00 and set a "hold" rating on the stock in a research report on Tuesday, June 9th. Citigroup reaffirmed a "buy" rating on shares of Global Payments in a research note on Thursday, August 6th. BTIG Research reiterated a "neutral" rating on shares of Global Payments in a report on Tuesday, June 9th. Morgan Stanley reissued an "overweight" rating and set a $103.00 target price on shares of Global Payments in a research report on Thursday, August 6th. Finally, UBS Group assumed coverage on shares of Global Payments in a report on Thursday, August 6th. They set a "buy" rating on the stock. Ten equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $90.68.

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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