Quantitative Investment Management LLC Raises Position in Global Payments Inc. $GPN

Key Points

• Quantitative Investment Management LLC increased its Global Payments stake by 92.1% in the second quarter to 32,831 shares valued at approximately $2.38 million. Hedge funds and other institutional investors collectively own 89.76% of the company.
• Analyst sentiment remains mixed, with nine Buy, 16 Hold, and three Sell ratings; the stock has an overall “Hold” rating and an average price target of $92.36.
• Global Payments reported quarterly EPS of $3.46, narrowly beating expectations, while revenue rose 68.6% year over year to $3.16 billion. The company also declared a quarterly dividend of $0.25 per share, equivalent to a 1.1% annual yield.

Quantitative Investment Management LLC lifted its stake in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 92.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,831 shares of the business services provider's stock after buying an additional 15,736 shares during the quarter. Quantitative Investment Management LLC's holdings in Global Payments were worth $2,382,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

GPN has been the topic of several analyst reports. Cantor Fitzgerald dropped their price target on shares of Global Payments from $88.00 to $76.00 and set a "neutral" rating on the stock in a research note on Monday, May 11th. 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 target price on Global Payments in a research report on Thursday, August 6th. Wall Street Zen cut Global Payments from a "buy" rating to a "hold" rating in a research note on Saturday, May 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Global Payments from $75.00 to $70.00 and set a "hold" rating for the company in a report on Tuesday, June 9th. Nine research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $92.36.

Global Payments Stock Up 0.0%

NYSE:GPN opened at $91.86 on Monday. The company has a market capitalization of $24.31 billion, a price-to-earnings ratio of -30.83, a price-to-earnings-growth ratio of 0.53 and a beta of 0.74. Global Payments Inc. has a one year low of $61.16 and a one year high of $95.88. The stock has a 50-day simple moving average of $82.35 and a 200 day simple moving average of $74.66. 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 (NYSE:GPN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the prior year, the firm posted $3.10 earnings per share. Global Payments'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. Sell-side analysts predict that Global Payments Inc. will post 13.66 EPS for the current fiscal year.

Global Payments Announces Dividend

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