Global Payments Inc. $GPN Stock Position Raised by Quantitative Investment Management LLC

Quantitative Investment Management LLC increased its holdings in shares of Global Payments Inc. (NYSE:GPN) by 92.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 32,831 shares of the business services provider’s stock after buying an additional 15,736 shares during the period. Quantitative Investment Management LLC’s holdings in Global Payments were worth $2,382,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Strive Financial Group LLC bought a new position in shares of Global Payments during the fourth quarter valued at approximately $25,000. DV Equities LLC bought a new stake in shares of Global Payments in the 4th quarter worth approximately $26,000. Western Wealth Management LLC bought a new stake in shares of Global Payments in the 1st quarter worth approximately $34,000. Johnson Financial Group Inc. acquired a new position in Global Payments during the 3rd quarter valued at approximately $35,000. Finally, Hantz Financial Services Inc. boosted its position in Global Payments by 87.5% during 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 period. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barclays set a $89.00 target price on Global Payments and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Stephens set a $80.00 price target on shares of Global Payments and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Wells Fargo & Company dropped their price objective 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. Morgan Stanley reiterated an “overweight” rating and issued a $103.00 price objective on shares of Global Payments in a research report on Thursday, August 6th. Finally, BTIG Research reissued a “neutral” rating on shares of Global Payments in a research note on Tuesday, June 9th. Nine investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $92.36.

Global Payments Trading Up 0.0%

Global Payments stock opened at $91.86 on Monday. The firm has a 50 day simple moving average of $82.35 and a 200-day simple moving average of $74.66. 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 capitalization of $24.31 billion, a PE ratio of -30.83, a price-to-earnings-growth ratio of 0.53 and a beta of 0.74. 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 earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.44 by $0.02. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The firm’s quarterly revenue was up 68.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, equities research analysts expect that Global Payments Inc. will post 13.66 EPS for the current fiscal year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.25 dividend. 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 dividend payout ratio is -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.