Equity Investment Corp Buys New Shares in Global Payments Inc. $GPN

Equity Investment Corp bought a new position in Global Payments Inc. (NYSE:GPN) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,067 shares of the business services provider’s stock, valued at approximately $1,021,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GPN. Strive Financial Group LLC acquired a new position in shares of Global Payments in the fourth quarter valued at about $25,000. DV Equities LLC acquired a new stake in shares of Global Payments during the fourth quarter worth about $26,000. Johnson Financial Group Inc. acquired a new stake in shares of Global Payments during the third quarter worth about $35,000. Torren Management LLC purchased a new stake in Global Payments in the fourth quarter valued at approximately $34,000. Finally, Hantz Financial Services Inc. boosted its position in Global Payments by 87.5% in 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. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

GPN has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price target on shares of Global Payments from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $96.00 price objective (up from $82.00) on shares of Global Payments in a research note on Thursday, August 6th. Citigroup reissued a “buy” rating on shares of Global Payments in a report on Thursday, August 6th. Cantor Fitzgerald decreased their target price on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Finally, Susquehanna set a $111.00 price target on shares of Global Payments and gave the company a “positive” rating in a report on Wednesday, June 3rd. Ten equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Global Payments currently has a consensus rating of “Hold” and a consensus price target of $90.68.

Global Payments Stock Up 0.1%

GPN stock opened at $90.50 on Wednesday. Global Payments Inc. has a one year low of $61.16 and a one year high of $95.58. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. The firm’s fifty day moving average is $78.14 and its 200 day moving average is $73.43. The firm has a market cap of $23.95 billion, a PE ratio of -30.37, a P/E/G ratio of 0.54 and a beta of 0.74.

Global Payments (NYSE:GPN) last issued its quarterly earnings data 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 negative net margin of 9.16% and a positive return on equity of 13.80%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the prior year, the firm posted $3.10 earnings per share. The company’s revenue was up 68.6% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, research analysts forecast that Global Payments Inc. will post 13.66 EPS for the current year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. Global Payments’s dividend payout ratio is presently -33.56%.

About Global Payments

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.