Deutsche Bank AG Purchases Shares of 1,912,640 Global Payments Inc. $GPN

Deutsche Bank AG purchased a new stake in Global Payments Inc. (NYSE:GPN) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,912,640 shares of the business services provider’s stock, valued at approximately $138,781,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GPN. Strive Financial Group LLC bought a new position in shares of Global Payments during the 4th quarter worth approximately $25,000. DV Equities LLC purchased a new stake in Global Payments during the fourth quarter valued at approximately $26,000. Torren Management LLC acquired a new stake in Global Payments in the fourth quarter valued at approximately $34,000. Western Wealth Management LLC acquired a new stake in Global Payments in the first quarter valued at approximately $34,000. Finally, Johnson Financial Group Inc. purchased a new position in Global Payments in the third quarter worth $35,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Trading Up 1.5%

Shares of Global Payments stock opened at $91.72 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. Global Payments Inc. has a 12-month low of $61.16 and a 12-month high of $95.58. The firm has a market capitalization of $24.27 billion, a price-to-earnings ratio of -30.78, a PEG ratio of 0.52 and a beta of 0.74. The firm’s 50 day simple moving average is $78.72 and its two-hundred day simple moving average is $73.58.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.44 by $0.02. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.16 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The business’s revenue for the quarter was up 68.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Analysts predict that Global Payments Inc. will post 13.66 EPS for the current year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.25 per share. 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 payout ratio is currently -33.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays set a $89.00 price target on Global Payments and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Citigroup reissued a “buy” rating on shares of Global Payments in a research report on Thursday, August 6th. Cantor Fitzgerald dropped their target price on Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Truist Financial upped their target price on Global Payments from $76.00 to $79.00 and gave the company a “hold” rating in a research report on Friday, July 24th. Finally, Jefferies Financial Group upgraded Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, August 6th. Ten investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $90.92.

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.