Steamboat Capital Partners LLC Acquires 7,367 Shares of Global Payments Inc. $GPN

Steamboat Capital Partners LLC increased its stake in Global Payments Inc. (NYSE:GPN) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 147,367 shares of the business services provider’s stock after buying an additional 7,367 shares during the period. Global Payments accounts for about 2.3% of Steamboat Capital Partners LLC’s portfolio, making the stock its 11th largest position. Steamboat Capital Partners LLC owned 0.06% of Global Payments worth $10,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in shares of Global Payments by 9.8% in the 2nd quarter. IFP Advisors Inc now owns 1,433 shares of the business services provider’s stock worth $104,000 after purchasing an additional 128 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its stake in Global Payments by 1.6% in 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 in the last quarter. Southern Financial Group LLC raised its stake in 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 worth $246,000 after buying an additional 178 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Global Payments by 0.6% during the third quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock worth $2,514,000 after buying an additional 187 shares during the period. Finally, New Mexico Educational Retirement Board lifted its holdings in Global Payments by 1.8% during the fourth quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock worth $871,000 after buying an additional 200 shares during the period. Institutional investors own 89.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Robert W. Baird set a $120.00 target price on Global Payments in a research note on Thursday, August 6th. BMO Capital Markets reissued a “market perform” rating and set a $83.00 price target on shares of Global Payments in a research report on Thursday, August 6th. Wells Fargo & Company lowered their price target on shares of Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Global Payments in a research report on Friday, August 7th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $106.00 price objective (up from $102.00) on shares of Global Payments in a research note on Monday, August 31st. Nine research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $92.52.

Global Payments Stock Down 3.2%

Shares of GPN stock opened at $89.54 on Wednesday. Global Payments Inc. has a twelve month low of $61.16 and a twelve month high of $95.88. The stock has a market cap of $23.69 billion, a P/E ratio of -30.05, a P/E/G ratio of 0.50 and a beta of 0.78. The stock has a 50 day moving average of $85.60 and a 200 day moving average of $75.63. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90.

Global Payments (NYSE:GPN) last issued 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. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the prior year, the business posted $3.10 earnings per share. Global Payments’s revenue for the quarter was up 68.6% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, sell-side analysts expect that Global Payments Inc. will post 13.64 EPS for the current year.

Global Payments Dividend Announcement

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

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.