Weitz Investment Management Inc. Has $39.09 Million Stock Position in Global Payments Inc. $GPN

Weitz Investment Management Inc. lowered its position in Global Payments Inc. (NYSE:GPN) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 505,000 shares of the business services provider’s stock after selling 45,000 shares during the quarter. Global Payments makes up approximately 2.3% of Weitz Investment Management Inc.’s holdings, making the stock its 18th biggest position. Weitz Investment Management Inc.’s holdings in Global Payments were worth $39,087,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GPN. True Wealth Design LLC lifted its holdings in shares of Global Payments by 183.6% during the 4th quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock valued at $33,000 after buying an additional 279 shares during the last quarter. Torren Management LLC acquired a new position in Global Payments in the fourth quarter worth approximately $34,000. Johnson Financial Group Inc. bought a new position in Global Payments during the third quarter valued at approximately $35,000. Hantz Financial Services Inc. raised its position in Global Payments by 87.5% during the fourth quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 223 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in Global Payments in the fourth quarter valued at approximately $39,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Trading Up 4.8%

Shares of GPN stock opened at $65.45 on Friday. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $90.64. The company has a market cap of $17.90 billion, a PE ratio of -32.09, a price-to-earnings-growth ratio of 0.35 and a beta of 0.76. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. The business’s 50 day moving average is $68.94 and its two-hundred day moving average is $73.11.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. Global Payments’s revenue for the quarter was up 63.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts predict that Global Payments Inc. will post 13.88 EPS for the current year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. Global Payments’s payout ratio is currently -49.02%.

Analyst Ratings Changes

Several research firms have commented on GPN. Wells Fargo & Company boosted their target price on shares of Global Payments from $103.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Royal Bank Of Canada reduced their price objective on shares of Global Payments from $97.00 to $82.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 8th. BMO Capital Markets began coverage on shares of Global Payments in a report on Tuesday, April 21st. They issued a “market perform” rating and a $76.00 price objective for the company. TD Cowen reissued a “hold” rating and set a $74.00 target price (down from $86.00) on shares of Global Payments in a research report on Thursday. Finally, Citigroup cut 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. Five investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Global Payments has a consensus rating of “Hold” and a consensus price target of $84.73.

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.