Corsair Capital Management L.P. Buys Shares of 8,000 Global Payments Inc. $GPN

Corsair Capital Management L.P. bought a new stake in shares of Global Payments Inc. (NYSE:GPN) in the first quarter, Holdings Channel reports. The fund bought 8,000 shares of the business services provider’s stock, valued at approximately $538,000.

Several other large investors have also recently made changes to their positions in the business. Strive Financial Group LLC bought a new stake in shares of Global Payments in the 4th quarter worth approximately $25,000. DV Equities LLC bought a new position in Global Payments during the 4th quarter valued at approximately $26,000. Johnson Financial Group Inc. bought a new position in Global Payments during the 3rd quarter valued at approximately $35,000. Torren Management LLC purchased a new position in Global Payments during the fourth quarter valued at $34,000. Finally, Hantz Financial Services Inc. raised its stake in Global Payments by 87.5% during the fourth quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider’s stock valued at $37,000 after buying an additional 223 shares during the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GPN has been the subject of several analyst reports. BMO Capital Markets started coverage on Global Payments in a report on Tuesday, April 21st. They set a “market perform” rating and a $76.00 price target for the company. TD Cowen reiterated a “hold” rating and issued a $74.00 price target (down from $86.00) on shares of Global Payments in a research note on Thursday, June 11th. Barclays started coverage on shares of Global Payments in a research report on Wednesday, July 8th. They set an “equal weight” rating and a $81.00 price objective on the stock. Royal Bank Of Canada reduced their price objective on shares of Global Payments from $97.00 to $82.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 8th. Finally, Wells Fargo & Company decreased their target price on shares of Global Payments from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $83.46.

Global Payments Price Performance

Shares of NYSE:GPN opened at $80.97 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $22.15 billion, a price-to-earnings ratio of -39.69, a price-to-earnings-growth ratio of 0.46 and a beta of 0.76. The business has a 50-day simple moving average of $72.29 and a two-hundred day simple moving average of $71.97. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $90.64.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the firm posted $2.82 EPS. The business’s quarterly revenue was up 63.1% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, analysts expect that Global Payments Inc. will post 13.82 earnings per share for the current year.

Global Payments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $0.25 dividend. The ex-dividend date was Friday, June 12th. This represents a $1.00 annualized dividend and a yield of 1.2%. Global Payments’s dividend payout ratio (DPR) is currently -49.02%.

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.