Lone Peak Global Investors LLC Purchases 18,711 Shares of Global Payments Inc. $GPN

Key Points

• Lone Peak Global Investors increased its Global Payments position by 6.1% in the second quarter, purchasing 18,711 shares and bringing its holdings to 326,833 shares valued at approximately $23.7 million.
• Institutional ownership remains high at 89.76%, while analyst sentiment is mixed: the stock has an overall “Hold” rating and an average price target of $92.52.
• Global Payments exceeded quarterly earnings expectations with $3.46 in EPS and reported 68.6% year-over-year revenue growth. The company also declared a quarterly dividend of $0.25 per share, representing a 1.1% annualized yield.

Lone Peak Global Investors LLC grew its position in Global Payments Inc. (NYSE:GPN - Free Report) by 6.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 326,833 shares of the business services provider's stock after buying an additional 18,711 shares during the quarter. Global Payments accounts for about 3.3% of Lone Peak Global Investors LLC's portfolio, making the stock its 11th largest holding. Lone Peak Global Investors LLC owned about 0.12% of Global Payments worth $23,715,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in Global Payments in the fourth quarter valued at approximately $725,000. Caxton Associates LLP bought a new stake in Global Payments during the first quarter worth $243,000. Intech Investment Management LLC lifted its stake in Global Payments by 43.5% during the first quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider's stock worth $1,416,000 after purchasing an additional 4,386 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Global Payments by 7.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 41,577 shares of the business services provider's stock valued at $3,327,000 after purchasing an additional 2,840 shares in the last quarter. Finally, AXA S.A. boosted its holdings in shares of Global Payments by 236.6% in the 2nd quarter. AXA S.A. now owns 28,622 shares of the business services provider's stock valued at $2,291,000 after purchasing an additional 20,119 shares in the last quarter. Institutional investors own 89.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GPN shares. Argus set a $110.00 price target on Global Payments and gave the stock a "buy" rating in a report on Thursday, August 6th. Wolfe Research reaffirmed an "outperform" rating and issued a $125.00 price objective (up from $110.00) on shares of Global Payments in a research note on Tuesday, August 25th. Susquehanna set a $111.00 target price on Global Payments and gave the company a "positive" rating in a research report on Wednesday, June 3rd. Stephens set a $80.00 target price on Global Payments and gave the stock an "equal weight" rating in a research note on Thursday, May 7th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Global Payments in a report on Friday, August 7th. Nine analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Global Payments currently has an average rating of "Hold" and an average target price of $92.52.

Global Payments Stock Down 1.0%

Shares of NYSE:GPN opened at $90.11 on Wednesday. The company has a fifty day moving average of $83.39 and a 200-day moving average of $74.91. The company has a market capitalization of $23.84 billion, a PE ratio of -30.24, a price-to-earnings-growth 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 0.82 and a current ratio of 0.82. 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 released 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. 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 revenue for the quarter was up 68.6% on a year-over-year basis. During the same quarter last year, the business posted $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, equities analysts predict that Global Payments Inc. will post 13.65 EPS for the current fiscal year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a $0.25 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.00 annualized dividend and a yield of 1.1%. Global Payments's dividend payout ratio (DPR) is currently -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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