Polianta Ltd Makes New Investment in Global Payments Inc. $GPN

Polianta Ltd acquired a new position in shares of Global Payments Inc. (NYSE:GPN) in the 1st quarter, HoldingsChannel reports. The firm acquired 19,900 shares of the business services provider’s stock, valued at approximately $1,339,000.

A number of other institutional investors also recently modified their holdings of the company. Traynor Capital Management Inc. boosted its holdings in shares of Global Payments by 3.5% in the 4th quarter. Traynor Capital Management Inc. now owns 4,221 shares of the business services provider’s stock worth $327,000 after acquiring an additional 141 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Global Payments by 1.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock worth $794,000 after acquiring an additional 163 shares during the last quarter. Allworth Financial LP increased its holdings in Global Payments by 43.2% during the 3rd quarter. Allworth Financial LP now owns 610 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 184 shares in the last quarter. Van ECK Associates Corp increased its holdings in Global Payments by 0.6% during the 3rd quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock valued at $2,514,000 after purchasing an additional 187 shares in the last quarter. Finally, New Mexico Educational Retirement Board increased its holdings in Global Payments by 1.8% during the 4th quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock valued at $871,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Global Payments Trading Up 0.2%

Shares of GPN opened at $67.03 on Friday. The stock’s fifty day simple moving average is $69.30 and its 200-day simple moving average is $72.82. The firm has a market capitalization of $18.34 billion, a PE ratio of -32.86, a price-to-earnings-growth ratio of 0.38 and a beta of 0.76. Global Payments Inc. has a 12-month low of $61.16 and a 12-month high of $90.64. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The company’s revenue was up 63.1% on a year-over-year basis. During the same period last year, the company earned $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, research analysts predict that Global Payments Inc. will post 13.88 earnings per share for the current year.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, June 12th. Global Payments’s dividend payout ratio (DPR) is -49.02%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Zacks Research lowered Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Wall Street Zen lowered Global Payments from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Cantor Fitzgerald cut their price target on Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Stephens set a $80.00 price target on Global Payments and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Susquehanna set a $111.00 price target on shares of Global Payments and gave the stock a “positive” rating in a research report on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Global Payments presently has a consensus rating of “Hold” and a consensus price target of $84.73.

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.