Integrated Advisors Network LLC Buys Shares of 31,101 Global Payments Inc. $GPN

Integrated Advisors Network LLC purchased a new stake in shares of Global Payments Inc. (NYSE:GPN) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 31,101 shares of the business services provider’s stock, valued at approximately $2,093,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GPN. Strive Financial Group LLC bought a new stake in shares of Global Payments in the fourth quarter worth $25,000. DV Equities LLC bought a new position in Global Payments in the fourth quarter valued at about $26,000. Johnson Financial Group Inc. bought a new position in Global Payments in the third quarter valued at about $35,000. True Wealth Design LLC lifted its holdings in Global Payments by 183.6% in the fourth quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 279 shares during the period. Finally, Torren Management LLC purchased a new position in Global Payments in the fourth quarter worth about $34,000. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Morgan Stanley began coverage on shares of Global Payments in a research report on Monday, June 22nd. They set an “equal weight” rating and a $65.00 target price for the company. Citigroup decreased their target price on Global Payments from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Raymond James Financial cut Global Payments from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. BMO Capital Markets assumed coverage on Global Payments in a research report on Tuesday, April 21st. They set a “market perform” rating and a $76.00 price objective on the stock. Finally, Rothschild & Co Redburn cut their price objective on Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Global Payments presently has a consensus rating of “Hold” and an average price target of $83.87.

Global Payments Trading Up 0.2%

Shares of GPN stock opened at $77.55 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $21.21 billion, a price-to-earnings ratio of -38.01, a price-to-earnings-growth ratio of 0.44 and a beta of 0.76. Global Payments Inc. has a 12-month low of $61.16 and a 12-month high of $90.64. The stock’s 50-day moving average price is $69.95 and its 200-day moving average price is $72.11.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The firm’s revenue was up 63.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities research analysts predict that Global Payments Inc. will post 13.86 EPS for the current fiscal year.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, June 12th. Global Payments’s dividend payout ratio is currently -49.02%.

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.