10,000 Shares in Global Payments Inc. $GPN Bought by LB Partners LLC

LB Partners LLC bought a new stake in Global Payments Inc. (NYSE:GPN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,000 shares of the business services provider’s stock, valued at approximately $673,000. Global Payments accounts for approximately 0.6% of LB Partners LLC’s portfolio, making the stock its 23rd biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Strive Financial Group LLC purchased a new stake in shares of Global Payments during the 4th quarter valued at about $25,000. DV Equities LLC bought a new stake in Global Payments during the fourth quarter valued at approximately $26,000. Johnson Financial Group Inc. bought a new stake in Global Payments during the third quarter valued at approximately $35,000. True Wealth Design LLC increased its holdings in Global Payments by 183.6% during the fourth quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock valued at $33,000 after buying an additional 279 shares during the last quarter. Finally, Torren Management LLC bought a new position in Global Payments in the fourth quarter worth approximately $34,000. 89.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Mizuho cut their price objective on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft decreased their target price on Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Wall Street Zen downgraded Global Payments from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Argus cut their price target on Global Payments from $100.00 to $95.00 in a report on Friday, May 8th. Finally, Susquehanna set a $111.00 price target on 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, eighteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Global Payments currently has an average rating of “Hold” and an average target price of $83.87.

Global Payments Stock Performance

GPN opened at $75.00 on Thursday. Global Payments Inc. has a 1-year low of $61.16 and a 1-year high of $90.64. The company has a market capitalization of $20.52 billion, a price-to-earnings ratio of -36.76, a price-to-earnings-growth ratio of 0.41 and a beta of 0.76. The business has a 50 day moving average price of $69.29 and a two-hundred day moving average price of $72.22. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 0.79.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.14. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the firm posted $2.82 EPS. The business’s revenue for the quarter was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Research analysts predict that Global Payments Inc. will post 13.86 EPS for the current fiscal year.

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. Global Payments’s dividend payout ratio is currently -49.02%.

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.