26,759 Shares in Global Payments Inc. $GPN Acquired by Formula Growth Ltd.

Formula Growth Ltd. bought a new position in shares of Global Payments Inc. (NYSE:GPN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 26,759 shares of the business services provider’s stock, valued at approximately $1,942,000.

Other institutional investors have also modified their holdings of the company. Strive Financial Group LLC acquired a new stake in shares of Global Payments in the fourth quarter valued at $25,000. DV Equities LLC acquired a new position in Global Payments during the 4th quarter worth $26,000. Torren Management LLC purchased a new stake in Global Payments during the 4th quarter worth about $34,000. Western Wealth Management LLC acquired a new stake in Global Payments in the 1st quarter valued at about $34,000. Finally, Johnson Financial Group Inc. acquired a new stake in Global Payments in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Down 0.4%

GPN stock opened at $92.62 on Friday. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $95.88. The company has a market cap of $24.51 billion, a price-to-earnings ratio of -31.08, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74. The company has a fifty day moving average price of $81.86 and a 200 day moving average price of $74.52. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82.

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

Global Payments Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GPN. Barclays set a $89.00 price objective on Global Payments and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Rothschild & Co Redburn decreased their price target on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Wall Street Zen cut shares of Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. BMO Capital Markets reissued a “market perform” rating and issued a $83.00 price objective on shares of Global Payments in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada raised their price objective on shares of Global Payments from $96.00 to $102.00 and gave the company a “sector perform” rating in a report on Wednesday, August 19th. Nine investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $92.36.

Global Payments 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.