Sone Capital Management LLC Makes New $2.56 Million Investment in Global Payments Inc. $GPN

Sone Capital Management LLC purchased a new position in Global Payments Inc. (NYSE:GPN - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 35,325 shares of the business services provider's stock, valued at approximately $2,563,000.

A number of other institutional investors also recently modified their holdings of the company. Westpac Banking Corp raised its position in shares of Global Payments by 5,795.1% in the 4th quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider's stock worth $4,426,000 after acquiring an additional 56,212 shares in the last quarter. Gtcr LLC bought a new stake in shares of Global Payments during the 1st quarter valued at about $2,911,939,000. LSV Asset Management boosted its position in shares of Global Payments by 30.8% during the 4th quarter. LSV Asset Management now owns 448,100 shares of the business services provider's stock valued at $34,683,000 after purchasing an additional 105,500 shares in the last quarter. Pzena Investment Management LLC increased its holdings in Global Payments by 4.6% in the fourth quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider's stock worth $883,111,000 after purchasing an additional 500,887 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Global Payments by 18.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,431,107 shares of the business services provider's stock valued at $110,768,000 after buying an additional 227,317 shares during the period. 89.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on GPN. TD Cowen began coverage on Global Payments in a report on Thursday, August 6th. They set a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Global Payments from $75.00 to $70.00 and set a "hold" rating for the company in a research note on Tuesday, June 9th. Wells Fargo & Company cut their target price on shares of Global Payments from $105.00 to $95.00 and set an "overweight" rating on the stock in a research note on Thursday, July 9th. Weiss Ratings reissued a "sell (d)" rating on shares of Global Payments in a research note on Friday, August 7th. Finally, Cantor Fitzgerald reduced their price target on shares of Global Payments from $88.00 to $76.00 and set a "neutral" rating for the company in a report on Monday, May 11th. Ten research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $90.92.

Global Payments Trading Up 0.9%

Shares of Global Payments stock opened at $94.33 on Tuesday. The stock has a market capitalization of $24.96 billion, a PE ratio of -31.65, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74. Global Payments Inc. has a 52 week low of $61.16 and a 52 week high of $95.88. The stock has a 50 day moving average price of $80.31 and a two-hundred day moving average price of $74.06. 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 issued its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, topping 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 company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the prior year, the firm earned $3.10 earnings per share. Global Payments'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 analysts anticipate that Global Payments Inc. will post 13.66 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders 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 annualized dividend and a yield of 1.1%. Global Payments's dividend payout ratio is presently -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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