Tocqueville Asset Management L.P. Buys Shares of 329,692 Global Payments Inc. $GPN

Tocqueville Asset Management L.P. purchased a new stake in shares of Global Payments Inc. (NYSE:GPN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 329,692 shares of the business services provider’s stock, valued at approximately $23,922,000.

A number of other hedge funds have also modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Global Payments by 1.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock worth $794,000 after acquiring an additional 163 shares in the last quarter. Southern Financial Group LLC grew its stake in Global Payments by 5.1% in the first quarter. Southern Financial Group LLC now owns 3,651 shares of the business services provider’s stock valued at $246,000 after purchasing an additional 178 shares in the last quarter. Van ECK Associates Corp increased its position in Global Payments by 0.6% in the 3rd quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock worth $2,514,000 after purchasing an additional 187 shares during the last quarter. New Mexico Educational Retirement Board increased its position in Global Payments by 1.8% in the 4th quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock worth $871,000 after purchasing an additional 200 shares during the last quarter. Finally, Dempze Nancy E raised its stake in shares of Global Payments by 1.5% during the 4th quarter. Dempze Nancy E now owns 13,500 shares of the business services provider’s stock worth $1,045,000 after purchasing an additional 200 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Stock Performance

GPN opened at $91.72 on Thursday. 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 company has a market cap of $24.27 billion, a PE ratio of -30.78, a price-to-earnings-growth ratio of 0.52 and a beta of 0.74. The stock has a 50-day moving average of $78.72 and a 200-day moving average of $73.58. Global Payments Inc. has a 52-week low of $61.16 and a 52-week high of $95.58.

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, beating analysts’ consensus estimates of $3.44 by $0.02. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The firm’s revenue was up 68.6% compared to the same quarter last year. During the same period last year, the business earned $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, equities research analysts forecast that Global Payments Inc. will post 13.66 earnings per share for the current fiscal year.

Global Payments Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on GPN. Royal Bank Of Canada lifted their price target on Global Payments from $96.00 to $102.00 and gave the company a “sector perform” rating in a report on Wednesday. Rothschild & Co Redburn dropped their price objective on Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. Barclays set a $89.00 price objective on shares of Global Payments and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, June 9th. Finally, Stephens set a $80.00 target price on shares of Global Payments and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.