Strive Financial Group LLC Sells 12,359 Shares of Global Payments Inc. $GPN

Strive Financial Group LLC cut its stake in shares of Global Payments Inc. (NYSE:GPN) by 68.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,720 shares of the business services provider’s stock after selling 12,359 shares during the period. Strive Financial Group LLC’s holdings in Global Payments were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Gtcr LLC bought a new position in shares of Global Payments during the 1st quarter valued at approximately $2,911,939,000. Pzena Investment Management LLC bought a new stake in Global Payments in the second quarter worth $848,344,000. Norges Bank purchased a new position in Global Payments during the fourth quarter worth $276,014,000. Deutsche Bank AG purchased a new position in Global Payments during the second quarter worth $138,781,000. Finally, Legal & General Group Plc bought a new position in Global Payments during the second quarter valued at $120,036,000. 89.76% of the stock is owned by institutional investors.

Global Payments Trading Up 1.1%

NYSE GPN opened at $92.76 on Friday. The company’s 50-day moving average price is $84.83 and its 200-day moving average price is $75.36. 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 market cap of $24.55 billion, a PE ratio of -31.13, a PEG ratio of 0.50 and a beta of 0.78. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $95.88.

Global Payments (NYSE:GPN) last announced 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 company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.16 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The firm’s revenue for the quarter was up 68.6% on a year-over-year basis. During the same quarter last year, the business posted $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Equities research analysts forecast that Global Payments Inc. will post 13.65 earnings per share for the current year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend 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 -33.56%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wolfe Research reissued an “outperform” rating and issued a $125.00 target price (up from $110.00) on shares of Global Payments in a research note on Tuesday, August 25th. Morgan Stanley reiterated an “overweight” rating and set a $103.00 price target on shares of Global Payments in a report on Thursday, August 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Global Payments in a research report on Friday, August 7th. Jefferies Financial Group raised shares of Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group boosted their target price on Global Payments from $82.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $92.52.

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.