Patient Capital Management LLC Takes Position in Global Payments Inc. $GPN

Key Points

• Patient Capital Management acquired 942,310 shares of Global Payments, valued at approximately $68.4 million, representing 2.2% of its portfolio and about 0.36% of GPN’s outstanding stock.
• Institutional ownership remains high at 89.76%, with several major investors—including GTCR, Pzena Investment Management and Glenview Capital—holding or adding significant positions.
• Global Payments reported quarterly EPS of $3.46, slightly beating estimates, while revenue rose 68.6% year over year to $3.16 billion. Despite a $1.00 annualized dividend, analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $90.92.

Patient Capital Management LLC bought a new stake in Global Payments Inc. (NYSE:GPN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 942,310 shares of the business services provider's stock, valued at approximately $68,374,000. Global Payments comprises 2.2% of Patient Capital Management LLC's portfolio, making the stock its 20th biggest position. Patient Capital Management LLC owned approximately 0.36% of Global Payments as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gtcr LLC bought a new position in Global Payments in the first quarter valued at approximately $2,911,939,000. Pzena Investment Management LLC bought a new stake in shares of Global Payments during the 2nd quarter worth approximately $848,344,000. Glenview Capital Management LLC raised its stake in shares of Global Payments by 13.8% during the 2nd quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider's stock worth $345,524,000 after purchasing an additional 523,209 shares in the last quarter. Norges Bank acquired a new stake in shares of Global Payments in the 4th quarter valued at approximately $276,014,000. Finally, Northern Trust Corp boosted its holdings in shares of Global Payments by 1.7% in the 4th quarter. Northern Trust Corp now owns 2,675,925 shares of the business services provider's stock valued at $207,117,000 after buying an additional 45,857 shares during the last quarter. Institutional investors own 89.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. HC Wainwright started coverage on shares of Global Payments in a report on Thursday, August 6th. They set a "buy" rating on the stock. Wall Street Zen cut shares of Global Payments from a "buy" rating to a "hold" rating in a research note on Saturday, May 30th. Jefferies Financial Group raised shares of Global Payments from a "hold" rating to a "buy" rating in a research report on Thursday, August 6th. Robert W. Baird set a $120.00 price objective on shares of Global Payments in a research note on Thursday, August 6th. Finally, Truist Financial boosted their price objective on shares of Global Payments from $76.00 to $79.00 and gave the stock a "hold" rating in a research note on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Global Payments presently has a consensus rating of "Hold" and an average target price of $90.92.

Global Payments Stock Performance

Shares of NYSE GPN opened at $93.74 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. The company has a market capitalization of $24.81 billion, a P/E ratio of -31.46, a P/E/G ratio of 0.54 and a beta of 0.74. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $95.58. The stock has a 50 day moving average of $79.77 and a 200-day moving average of $73.87.

Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly 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 business had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.16 billion. During the same quarter in the prior year, the business earned $3.10 EPS. The firm'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, equities research analysts predict that Global Payments Inc. will post 13.66 EPS for the current year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. Global Payments's dividend payout ratio is presently -33.56%.

Trending Headlines about Global Payments

Here are the key news stories impacting Global Payments this week:

• Positive Sentiment: Zacks Research raised its EPS forecasts for the first quarters of 2027 and 2028 to $3.43 and $4.02, respectively. These increases suggest some confidence in Global Payments’ earnings trajectory, while its FY2027 and FY2028 estimates still imply substantial year-over-year growth. Global Payments analyst estimate report
• Neutral Sentiment: Analyst sentiment remains divided. Zacks maintains a “Hold” rating, while a separate report highlights conflicting views among analysts regarding Global Payments and other industrial-goods companies. This lack of consensus may limit the stock’s upside despite its recent strength. Analysts Have Conflicting Sentiments on Global Payments
• Negative Sentiment: Zacks cut estimates across several periods, including Q3 and Q4 2026, FY2026, Q2 through Q4 2027, FY2027, Q2 2028 and FY2028. The firm reduced its FY2026 forecast to $13.63 from $13.85, FY2027 to $16.00 from $16.43, and FY2028 to $18.53 from $19.00. The revisions point to somewhat weaker expected earnings momentum and could pressure the valuation, particularly with the stock near its recent high. Zacks’ unchanged “Hold” rating reinforces the cautious outlook. Zacks Global Payments estimate revisions

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source