Parallax Volatility Advisers L.P. Buys New Position in Global Payments Inc. $GPN

Parallax Volatility Advisers L.P. purchased a new position in shares of Global Payments Inc. (NYSE:GPN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,656 shares of the business services provider’s stock, valued at approximately $410,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Westpac Banking Corp boosted its stake in Global Payments by 5,795.1% in the fourth quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock worth $4,426,000 after purchasing an additional 56,212 shares in the last quarter. Gtcr LLC acquired a new stake in Global Payments in the 1st quarter valued at about $2,911,939,000. LSV Asset Management increased its position in Global Payments by 30.8% in the 4th quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock valued at $34,683,000 after acquiring an additional 105,500 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of Global Payments by 4.6% in the fourth quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock worth $883,111,000 after acquiring an additional 500,887 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Global Payments by 18.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,431,107 shares of the business services provider’s stock worth $110,768,000 after acquiring an additional 227,317 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GPN has been the topic of several research analyst reports. Wolfe Research reissued an “outperform” rating and set a $125.00 price target (up from $110.00) on shares of Global Payments in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Global Payments in a report on Friday, August 7th. Citigroup reiterated a “buy” rating on shares of Global Payments in a research report on Thursday, August 6th. Rothschild & Co Redburn dropped their target price on Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. Finally, Cantor Fitzgerald cut their price target on Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $92.36.

Global Payments Stock Down 0.9%

NYSE:GPN opened at $93.01 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. Global Payments Inc. has a 12-month low of $61.16 and a 12-month high of $95.88. The stock’s fifty day simple moving average is $81.34 and its 200-day simple moving average is $74.38. The firm has a market capitalization of $24.61 billion, a P/E ratio of -31.21, a P/E/G ratio of 0.54 and a beta of 0.74.

Global Payments (NYSE:GPN) last released its earnings results 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. 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 quarterly revenue was up 68.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Equities research analysts expect that Global Payments Inc. will post 13.66 earnings per share for the current year.

Global Payments Announces Dividend

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

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.