Global Payments Inc. $GPN Stock Position Trimmed by Moore Capital Management LP

Moore Capital Management LP decreased its position in Global Payments Inc. (NYSE:GPN - Free Report) by 35.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 369,940 shares of the business services provider's stock after selling 201,260 shares during the period. Moore Capital Management LP owned approximately 0.14% of Global Payments worth $26,843,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GPN. Gtcr LLC acquired a new position in shares of Global Payments during the first quarter valued at $2,911,939,000. Pzena Investment Management LLC bought a new position in shares of Global Payments in the second quarter valued at $848,344,000. Norges Bank purchased a new stake in shares of Global Payments during the fourth quarter valued at $276,014,000. Deutsche Bank AG purchased a new stake in Global Payments during the second quarter valued at about $138,781,000. Finally, Legal & General Group Plc purchased a new stake in shares of Global Payments in the 2nd quarter valued at approximately $120,036,000. Institutional investors and hedge funds own 89.76% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Robert W. Baird set a $120.00 price target on Global Payments in a research report on Thursday, August 6th. Wall Street Zen lowered Global Payments from a "buy" rating to a "hold" rating in a research report on Saturday, May 30th. UBS Group assumed coverage on Global Payments in a research note on Thursday, August 6th. They set a "buy" rating on the stock. Truist Financial upped their target price on Global Payments from $79.00 to $95.00 and gave the company a "hold" rating in a report on Tuesday, August 25th. Finally, Susquehanna set a $111.00 price target on shares of Global Payments and gave the stock a "positive" rating in a research report on Wednesday, June 3rd. Nine analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $92.36.

Global Payments Trading Up 0.0%

NYSE GPN opened at $91.86 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. Global Payments Inc. has a 1-year low of $61.16 and a 1-year high of $95.88. The firm's fifty day simple moving average is $82.35 and its 200-day simple moving average is $74.66. The company has a market capitalization of $24.31 billion, a PE ratio of -30.83, a price-to-earnings-growth ratio of 0.53 and a beta of 0.74.

Global Payments (NYSE:GPN - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $3.16 billion. During the same quarter last year, the firm earned $3.10 earnings per share. The business'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. As a group, sell-side analysts anticipate that Global Payments Inc. will post 13.66 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. Stockholders of record on Friday, September 11th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. Global Payments's dividend payout ratio (DPR) 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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