Oxbow Advisors LLC Purchases Shares of 7,350 Global Payments Inc. $GPN

Oxbow Advisors LLC acquired a new position in shares of Global Payments Inc. (NYSE:GPN) in the 2nd quarter, HoldingsChannel reports. The firm acquired 7,350 shares of the business services provider’s stock, valued at approximately $533,000.

A number of other institutional investors also recently modified their holdings of GPN. Strive Financial Group LLC acquired a new position in shares of Global Payments in the 4th quarter worth approximately $25,000. DV Equities LLC bought a new stake in Global Payments during the 4th quarter worth approximately $26,000. Johnson Financial Group Inc. acquired a new stake in Global Payments during the 3rd quarter valued at $35,000. Torren Management LLC acquired a new stake in Global Payments during the 4th quarter valued at $34,000. Finally, Hantz Financial Services Inc. raised its position in Global Payments by 87.5% in the 4th quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 223 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Global Payments Stock Up 0.1%

Shares of NYSE:GPN opened at $90.50 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $23.95 billion, a price-to-earnings ratio of -30.37, a P/E/G ratio of 0.54 and a beta of 0.74. The company has a 50 day moving average of $78.14 and a 200-day moving average of $73.43. Global Payments Inc. has a one year low of $61.16 and a one year high of $95.58.

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 the consensus estimate of $3.44 by $0.02. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the prior year, the business posted $3.10 earnings per share. Global Payments’s revenue was up 68.6% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, sell-side analysts forecast that Global Payments Inc. will post 13.66 earnings per share for the current year.

Global Payments Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wells Fargo & Company reduced their price objective on Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Cantor Fitzgerald lowered their target price on Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Jefferies Financial Group raised Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, August 6th. UBS Group began coverage on shares of Global Payments in a research report on Thursday, August 6th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group increased their price objective on shares of Global Payments from $82.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Ten research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $90.68.

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.