Private Management Group Inc. Purchases 133,415 Shares of Global Payments Inc. $GPN

Key Points

• Private Management Group increased its Global Payments position by 27.9% in the second quarter, purchasing 133,415 shares for a total of 612,322 shares valued at approximately $44.4 million.
• Global Payments exceeded quarterly earnings expectations with $3.46 in adjusted EPS and $3.16 billion in revenue, while revenue rose 68.6% year over year. The company issued fiscal 2026 EPS guidance of $13.60–$13.80.
• The company declared a quarterly dividend of $0.25, equal to a $1.00 annualized payout and a 1.1% yield. Analysts maintain a consensus “Hold” rating with an average price target of $92.36.

Private Management Group Inc. raised its position in Global Payments Inc. (NYSE:GPN - Free Report) by 27.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 612,322 shares of the business services provider's stock after purchasing an additional 133,415 shares during the quarter. Global Payments accounts for approximately 1.2% of Private Management Group Inc.'s holdings, making the stock its 15th largest holding. Private Management Group Inc. owned 0.23% of Global Payments worth $44,430,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Strive Financial Group LLC acquired a new position in shares of Global Payments during the fourth quarter worth about $25,000. DV Equities LLC acquired a new stake in Global Payments in the 4th quarter valued at approximately $26,000. Torren Management LLC acquired a new stake in Global Payments in the 4th quarter valued at approximately $34,000. Western Wealth Management LLC bought a new stake in Global Payments in the 1st quarter valued at approximately $34,000. Finally, Johnson Financial Group Inc. bought a new stake in Global Payments in the 3rd quarter valued at approximately $35,000. 89.76% of the stock is currently owned by institutional investors.

Global Payments Stock Performance

GPN opened at $91.86 on Friday. The business's 50-day simple moving average is $82.35 and its 200 day simple moving average is $74.64. Global Payments Inc. has a 52-week low of $61.16 and a 52-week high of $95.88. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $24.31 billion, a PE ratio of -30.83, a PEG ratio of 0.53 and a beta of 0.74.

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. The firm had revenue of $3.16 billion during 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%.The business's revenue was up 68.6% compared to the same quarter last year. During the same period last year, the company earned $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, sell-side analysts expect that Global Payments Inc. will post 13.66 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid 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 (DPR) is currently -33.56%.

Analyst Ratings Changes

A number of equities analysts have weighed in on GPN shares. The Goldman Sachs Group upped their price target on Global Payments from $82.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Cantor Fitzgerald lowered their price objective on shares of Global Payments from $88.00 to $76.00 and set a "neutral" rating on the stock in a report on Monday, May 11th. BMO Capital Markets reissued a "market perform" rating and issued a $83.00 price objective on shares of Global Payments in a research report on Thursday, August 6th. Robert W. Baird set a $120.00 target price on shares of Global Payments in a report on Thursday, August 6th. Finally, Rothschild & Co Redburn decreased their target price on shares of Global Payments from $70.00 to $60.00 and set a "sell" rating for the company in a research report on Tuesday, May 12th. Nine investment 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's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $92.36.

Global Payments Company 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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