Hsbc Holdings PLC Buys Shares of 912,590 Global Payments Inc. $GPN

Key Points

• Hsbc Holdings PLC bought 912,590 shares of Global Payments worth approximately $65.9 million, giving it a 0.34% stake; institutional investors collectively own 89.76% of the company.
• Global Payments reported quarterly earnings of $3.46 per share, slightly exceeding estimates, while revenue rose 68.6% year over year to $3.16 billion. The company expects fiscal 2026 EPS of $13.60–$13.80.
• The company declared a quarterly dividend of $0.25 per share, equal to a 1.1% annualized yield. Analyst sentiment remains mixed, with a consensus “Hold” rating and a $92.36 target price.

Hsbc Holdings PLC purchased a new position in shares of Global Payments Inc. (NYSE:GPN - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 912,590 shares of the business services provider's stock, valued at approximately $65,864,000. Hsbc Holdings PLC owned about 0.34% of Global Payments at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Strive Financial Group LLC purchased a new stake in Global Payments in the 4th quarter worth approximately $25,000. DV Equities LLC purchased a new position in shares of Global Payments during the 4th quarter worth $26,000. Johnson Financial Group Inc. acquired a new stake in shares of Global Payments during the third quarter worth $35,000. Torren Management LLC acquired a new stake in shares of Global Payments during the fourth quarter worth $34,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Global Payments by 87.5% during the fourth quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider's stock worth $37,000 after purchasing an additional 223 shares during the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Global Payments Trading Down 0.9%

GPN stock opened at $93.01 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The company has a market cap of $24.61 billion, a price-to-earnings ratio of -31.21, a PEG ratio of 0.54 and a beta of 0.74. The business has a fifty day simple moving average of $81.34 and a 200-day simple moving average of $74.38. Global Payments Inc. has a 52 week low of $61.16 and a 52 week high of $95.88.

Global Payments (NYSE:GPN - Get Free Report) last issued its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share 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 for 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 firm's revenue for the quarter 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, equities research analysts expect that Global Payments Inc. will post 13.66 EPS for the current year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued 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 1.1%. Global Payments's payout ratio is presently -33.56%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Jefferies Financial Group upgraded Global Payments from a "hold" rating to a "buy" rating in a research note on Thursday, August 6th. Rothschild & Co Redburn decreased their price target on Global Payments from $70.00 to $60.00 and set a "sell" rating on the stock in a research note on Tuesday, May 12th. Susquehanna set a $111.00 price target on Global Payments and gave the company a "positive" rating in a report on Wednesday, June 3rd. Argus set a $110.00 price objective on shares of Global Payments and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Wolfe Research reiterated an "outperform" rating and set a $125.00 price objective (up from $110.00) on shares of Global Payments in a report on Tuesday. Nine equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Global Payments presently has a consensus rating of "Hold" and a consensus target price of $92.36.

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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