Hsbc Holdings PLC Buys 404,918 Shares of Global Payments Inc. $GPN

Hsbc Holdings PLC boosted its stake in Global Payments Inc. (NYSE:GPN) by 39.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,428,962 shares of the business services provider’s stock after buying an additional 404,918 shares during the period. Hsbc Holdings PLC’s holdings in Global Payments were worth $110,772,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Traynor Capital Management Inc. boosted its holdings in shares of Global Payments by 3.5% during the 4th quarter. Traynor Capital Management Inc. now owns 4,221 shares of the business services provider’s stock valued at $327,000 after buying an additional 141 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Global Payments by 1.6% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock worth $794,000 after acquiring an additional 163 shares in the last quarter. Allworth Financial LP lifted its position in Global Payments by 43.2% during the 3rd quarter. Allworth Financial LP now owns 610 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 184 shares during the period. Van ECK Associates Corp lifted its position in Global Payments by 0.6% during the 3rd quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock valued at $2,514,000 after acquiring an additional 187 shares during the period. Finally, New Mexico Educational Retirement Board boosted its stake 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 acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on GPN. Mizuho cut their price objective on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, March 26th. Truist Financial dropped their price target on Global Payments from $81.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Stephens set a $80.00 price target on Global Payments and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Keefe, Bruyette & Woods cut their price target on Global Payments from $90.00 to $76.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. Finally, BNP Paribas Exane reduced their price objective on Global Payments from $64.00 to $60.00 and set an “underperform” rating for the company in a research report on Friday, April 10th. 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’s stock. According to data from MarketBeat.com, Global Payments has an average rating of “Hold” and a consensus target price of $84.73.

Global Payments Stock Up 0.2%

NYSE:GPN opened at $67.03 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $18.34 billion, a P/E ratio of -32.86, a P/E/G ratio of 0.38 and a beta of 0.76. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $90.64. The firm has a 50-day simple moving average of $69.30 and a two-hundred day simple moving average of $72.79.

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

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 annualized dividend and a yield of 1.5%. Global Payments’s dividend payout ratio is -49.02%.

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.