Global Payments Inc. $GPN Shares Acquired by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its Global Payments stake by 1,028.9% in the third quarter, acquiring 64,255 additional shares for a total holding valued at $5.76 million. Institutional investors collectively own 89.76% of the company.
• Analyst sentiment is mixed: Global Payments has a consensus “Hold” rating from 33 analysts, with an average price target of $95.87, despite several firms assigning “Buy” ratings and targets above $110.
• Global Payments shares opened at $97.02, near their 12-month high of $101.32. The company recently beat quarterly EPS estimates, reporting $3.46 per share on $3.16 billion in revenue, up 68.6% year over year.

International Assets Investment Management LLC boosted its stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 1,028.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,500 shares of the business services provider's stock after purchasing an additional 64,255 shares during the quarter. International Assets Investment Management LLC's holdings in Global Payments were worth $5,758,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. increased its stake in Global Payments by 25.2% in the third quarter. Mather Group LLC. now owns 622 shares of the business services provider's stock valued at $51,000 after acquiring an additional 125 shares during the period. IFP Advisors Inc lifted its stake in Global Payments by 9.8% during the second quarter. IFP Advisors Inc now owns 1,433 shares of the business services provider's stock worth $104,000 after purchasing an additional 128 shares during the period. Financial Network Wealth Advisors LLC boosted its holdings in Global Payments by 30.9% during the third quarter. Financial Network Wealth Advisors LLC now owns 674 shares of the business services provider's stock valued at $55,000 after purchasing an additional 159 shares in the last quarter. Southern Financial Group LLC boosted its holdings in Global Payments by 5.1% during the first quarter. Southern Financial Group LLC now owns 3,651 shares of the business services provider's stock valued at $246,000 after purchasing an additional 178 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Global Payments by 0.7% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 27,310 shares of the business services provider's stock valued at $1,838,000 after purchasing an additional 200 shares during the period. 89.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Oppenheimer upgraded Global Payments from a "market perform" rating to an "outperform" rating and set a $115.00 price target on the stock in a research report on Thursday, October 8th. Bank of America assumed coverage on Global Payments in a report on Thursday, October 15th. They set a "buy" rating and a $114.00 price objective for the company. The Goldman Sachs Group boosted their target price on shares of Global Payments from $82.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Argus set a $110.00 target price on shares of Global Payments and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $106.00 target price (up from $102.00) on shares of Global Payments in a research report on Monday, August 31st. Thirteen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $95.87.

Global Payments Stock Up 0.2%

Shares of NYSE GPN opened at $97.02 on Monday. The firm's 50-day simple moving average is $86.34 and its 200 day simple moving average is $76.99. The company has a market cap of $25.67 billion, a price-to-earnings ratio of -32.56, a price-to-earnings-growth ratio of 0.47 and a beta of 0.80. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. Global Payments Inc. has a 12-month low of $61.16 and a 12-month high of $101.32.

Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share 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 firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.16 billion. During the same quarter last year, the company 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. On average, research analysts expect that Global Payments Inc. will post 13.64 earnings per share for the current fiscal year.

Global Payments Company Profile

Global Payments Inc NYSE: GPN is a financial technology and payments company that provides software and payment solutions to businesses, financial institutions and other organizations. Its services help merchants accept payments through credit cards, debit cards, digital wallets and other electronic methods across in-store, online and mobile channels.

The company offers payment processing, point-of-sale technology, commerce management software, payment security and reporting tools. Its solutions are used in industries including retail, restaurants, hospitality, healthcare, education and government.

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