Global Payments Inc. $GPN Shares Bought by Estuary Capital Management LP

Estuary Capital Management LP grew its position in Global Payments Inc. (NYSE:GPN) by 6.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 475,383 shares of the business services provider’s stock after purchasing an additional 28,695 shares during the period. Global Payments accounts for 5.4% of Estuary Capital Management LP’s holdings, making the stock its 11th largest position. Estuary Capital Management LP’s holdings in Global Payments were worth $31,993,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Strive Financial Group LLC acquired a new position in Global Payments in the fourth quarter valued at approximately $25,000. DV Equities LLC purchased a new position in Global Payments in the fourth quarter worth approximately $26,000. Torren Management LLC acquired a new stake in Global Payments during the fourth quarter worth $34,000. Johnson Financial Group Inc. acquired a new stake in Global Payments during the third quarter worth $35,000. Finally, Hantz Financial Services Inc. increased 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 worth $37,000 after acquiring an additional 223 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GPN shares. Keefe, Bruyette & Woods decreased their price target on Global Payments from $90.00 to $76.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. Morgan Stanley initiated coverage on Global Payments in a research report on Monday, June 22nd. They set an “equal weight” rating and a $65.00 price objective for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Wells Fargo & Company decreased 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 report on Thursday, July 9th. Finally, Royal Bank Of Canada lowered their target price 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. Four analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Global Payments currently has a consensus rating of “Hold” and an average target price of $83.46.

Global Payments Stock Up 3.9%

Shares of NYSE GPN opened at $84.06 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. The business’s 50 day moving average is $72.59 and its two-hundred day moving average is $72.02. Global Payments Inc. has a 52-week low of $61.16 and a 52-week high of $90.64. The firm has a market cap of $22.99 billion, a price-to-earnings ratio of -41.20, a PEG ratio of 0.46 and a beta of 0.76.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping the consensus estimate of $2.82 by $0.14. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period last year, the business posted $2.82 earnings per share. The company’s quarterly revenue 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 13.82 EPS for the current year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.00 annualized dividend and a yield of 1.2%. Global Payments’s dividend payout ratio is presently -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.