Oak Thistle LLC Acquires 14,349 Shares of Global Payments Inc. $GPN

Oak Thistle LLC lifted its holdings in shares of Global Payments Inc. (NYSE:GPN) by 210.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,157 shares of the business services provider’s stock after acquiring an additional 14,349 shares during the quarter. Oak Thistle LLC’s holdings in Global Payments were worth $1,638,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Independent Advisor Alliance raised its holdings in Global Payments by 260.5% in the third quarter. Independent Advisor Alliance now owns 29,446 shares of the business services provider’s stock worth $2,446,000 after purchasing an additional 21,278 shares in the last quarter. BIP Wealth LLC raised its holdings in Global Payments by 151.6% in the third quarter. BIP Wealth LLC now owns 30,103 shares of the business services provider’s stock worth $2,501,000 after purchasing an additional 18,138 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in Global Payments in the third quarter worth $905,000. HB Wealth Management LLC raised its holdings in Global Payments by 213.9% in the third quarter. HB Wealth Management LLC now owns 36,861 shares of the business services provider’s stock worth $3,062,000 after purchasing an additional 25,118 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new position in Global Payments in the third quarter worth $1,024,000. Institutional investors own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GPN shares. Deutsche Bank Aktiengesellschaft started coverage on Global Payments in a report on Wednesday, January 14th. They issued a “hold” rating and a $80.00 price objective for the company. Mizuho reduced their price target on Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. Cantor Fitzgerald raised their price target on Global Payments from $80.00 to $88.00 in a report on Friday, March 27th. UBS Group restated a “neutral” rating and set a $87.00 price target (up from $80.00) on shares of Global Payments in a report on Thursday, February 19th. Finally, Wells Fargo & Company raised their price target on Global Payments from $103.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Global Payments currently has a consensus rating of “Hold” and an average price target of $88.77.

Global Payments Stock Performance

Shares of GPN opened at $65.12 on Thursday. The company has a market cap of $17.92 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 0.34 and a beta of 0.76. The business’s fifty day simple moving average is $71.76 and its two-hundred day simple moving average is $77.02. Global Payments Inc. has a 12 month low of $62.45 and a 12 month high of $90.96. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.83.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.02. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Research analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 9th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.5%. Global Payments’s dividend payout ratio is currently 17.27%.

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.