Gradient Investments LLC Grows Stock Holdings in Global Payments Inc. $GPN

Key Points

• Gradient Investments increased its Global Payments stake by 156.9% in the second quarter, bringing its holdings to 45,565 shares valued at approximately $3.3 million. Institutional investors collectively own 89.76% of GPN.
• Analyst sentiment remains mixed, with 10 Buy, 15 Hold, and 3 Sell ratings. The stock has an average rating of “Hold” and an average price target of $90.68.
• Global Payments narrowly beat quarterly earnings expectations with $3.46 in EPS and reported revenue of $3.16 billion, up 68.6% year over year. The company also declared a quarterly dividend of $0.25 per share, representing a 1.2% annualized yield.

Gradient Investments LLC increased its stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 156.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,565 shares of the business services provider's stock after purchasing an additional 27,828 shares during the period. Gradient Investments LLC's holdings in Global Payments were worth $3,306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GPN. Gtcr LLC bought a new stake in Global Payments in the 1st quarter worth approximately $2,911,939,000. Norges Bank purchased a new stake in Global Payments during the 4th quarter valued at $276,014,000. Balyasny Asset Management L.P. lifted its holdings in shares of Global Payments by 112.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider's stock valued at $189,545,000 after buying an additional 1,206,807 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Global Payments by 5,710.5% during the 4th quarter. Clearbridge Investments LLC now owns 941,299 shares of the business services provider's stock valued at $72,857,000 after buying an additional 925,099 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Global Payments by 93.8% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,412,128 shares of the business services provider's stock worth $109,299,000 after buying an additional 683,524 shares during the last quarter. Institutional investors own 89.76% of the company's stock.

Analyst Upgrades and Downgrades

GPN has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on Global Payments from $75.00 to $70.00 and set a "hold" rating for the company in a report on Tuesday, June 9th. Morgan Stanley reissued an "overweight" rating and issued a $103.00 target price on shares of Global Payments in a research report on Thursday. UBS Group initiated coverage on Global Payments in a research note on Thursday. They set a "buy" rating for the company. Keefe, Bruyette & Woods upped their price target on shares of Global Payments from $76.00 to $95.00 and gave the company a "market perform" rating in a research report on Thursday. Finally, Barclays set a $89.00 price objective on shares of Global Payments and gave the stock an "equal weight" rating in a research note on Thursday. Ten analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $90.68.

Global Payments Price Performance

Shares of Global Payments stock opened at $86.11 on Friday. Global Payments Inc. has a one year low of $61.16 and a one year high of $90.85. The stock's fifty day moving average is $75.16 and its 200 day moving average is $72.66. The stock has a market cap of $22.79 billion, a P/E ratio of -28.90, a P/E/G ratio of 0.49 and a beta of 0.74. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.79 and a current ratio of 0.82.

Global Payments (NYSE:GPN - Get Free Report) last released its earnings results 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. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.Global Payments's quarterly revenue was up 68.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Sell-side analysts anticipate that Global Payments Inc. will post 13.69 earnings per share for the current year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. Global Payments's payout ratio is -33.56%.

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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