Private Management Group Inc. Purchases 133,415 Shares of Global Payments Inc. $GPN

Private Management Group Inc. boosted its position in Global Payments Inc. (NYSE:GPN) by 27.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 612,322 shares of the business services provider’s stock after acquiring an additional 133,415 shares during the period. Global Payments makes up about 1.2% of Private Management Group Inc.’s portfolio, making the stock its 15th largest position. Private Management Group Inc.’s holdings in Global Payments were worth $44,430,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S increased its position in 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 buying an additional 163 shares during the last quarter. Southern Financial Group LLC lifted its position in shares of 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 buying an additional 178 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Global Payments by 0.6% in the third quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock valued at $2,514,000 after buying an additional 187 shares during the last quarter. New Mexico Educational Retirement Board boosted its stake in shares of Global Payments by 1.8% during the 4th quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock worth $871,000 after acquiring an additional 200 shares during the period. Finally, Dempze Nancy E increased its holdings 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 acquiring an additional 200 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Global Payments Trading Down 0.9%

Shares of GPN stock opened at $91.86 on Friday. The stock has a market cap of $24.31 billion, a P/E ratio of -30.83, a price-to-earnings-growth ratio of 0.53 and a beta of 0.74. Global Payments Inc. has a 1 year low of $61.16 and a 1 year high of $95.88. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. The stock has a 50 day simple moving average of $82.35 and a 200 day simple moving average of $74.64.

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 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 company’s revenue was up 68.6% on a year-over-year basis. During the same quarter last year, the company earned $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, research analysts predict that Global Payments Inc. will post 13.66 earnings per share for the current fiscal year.

Global Payments Announces Dividend

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

Wall Street Analysts Forecast Growth

GPN has been the topic of several research reports. Royal Bank Of Canada upped 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. Susquehanna set a $111.00 target price on Global Payments and gave the company a “positive” rating in a research report on Wednesday, June 3rd. Jefferies Financial Group raised Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, August 6th. Wells Fargo & Company decreased their price objective on Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Finally, The Goldman Sachs Group increased their price objective on Global Payments from $82.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $92.36.

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.