GPM Growth Investors Inc. Takes $4.14 Million Position in Global Payments Inc. $GPN

GPM Growth Investors Inc. purchased a new stake in Global Payments Inc. (NYSE:GPN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 53,439 shares of the business services provider's stock, valued at approximately $4,136,000. Global Payments comprises about 1.6% of GPM Growth Investors Inc.'s portfolio, making the stock its 22nd largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Traynor Capital Management Inc. raised its holdings in Global Payments by 3.5% during the 4th quarter. Traynor Capital Management Inc. now owns 4,221 shares of the business services provider's stock valued at $327,000 after buying an additional 141 shares during the period. Deseret Mutual Benefit Administrators increased its position in Global Payments by 23.4% during the third quarter. Deseret Mutual Benefit Administrators now owns 802 shares of the business services provider's stock valued at $67,000 after acquiring an additional 152 shares during the last quarter. Allworth Financial LP raised its stake in shares of Global Payments by 43.2% in the third quarter. Allworth Financial LP now owns 610 shares of the business services provider's stock valued at $51,000 after acquiring an additional 184 shares during the period. Oakworth Capital Inc. raised its stake in shares of Global Payments by 1.7% in the third quarter. Oakworth Capital Inc. now owns 11,271 shares of the business services provider's stock valued at $936,000 after acquiring an additional 186 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Global Payments by 0.6% in the 3rd 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 last quarter. Hedge funds and other institutional investors own 89.76% of the company's stock.

Global Payments Price Performance

Global Payments stock opened at $68.42 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $18.83 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 0.40 and a beta of 0.76. The firm has a 50-day moving average of $71.38 and a two-hundred day moving average of $75.39. Global Payments Inc. has a 1 year low of $62.45 and a 1 year high of $90.64.

Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.02. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The company's revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, research analysts forecast that Global Payments Inc. will post 13.75 earnings per share for the current year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 9th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. Global Payments's payout ratio is 17.27%.

Wall Street Analyst Weigh In

Several brokerages recently commented on GPN. Keefe, Bruyette & Woods cut their price target on shares of Global Payments from $90.00 to $76.00 and set a "market perform" rating on the stock in a report on Tuesday, April 7th. Royal Bank Of Canada decreased their price objective on shares of Global Payments from $97.00 to $82.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 8th. The Goldman Sachs Group assumed coverage on Global Payments in a research report on Monday, March 9th. They set a "hold" rating and a $88.00 target price for the company. Raymond James Financial downgraded Global Payments from an "outperform" rating to a "market perform" rating in a report on Thursday, March 26th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Global Payments in a research note on Wednesday, January 14th. They set a "hold" rating and a $80.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $86.20.

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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