Pzena Investment Management LLC Purchases New Position in Global Payments Inc. $GPN

Pzena Investment Management LLC purchased a new stake in Global Payments Inc. (NYSE:GPN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,691,625 shares of the business services provider’s stock, valued at approximately $848,344,000. Global Payments comprises about 2.5% of Pzena Investment Management LLC’s investment portfolio, making the stock its 16th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GPN. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Global Payments by 1.6% during 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 buying an additional 163 shares during the last quarter. Southern Financial Group LLC raised its stake in Global Payments by 5.1% during the 1st quarter. Southern Financial Group LLC now owns 3,651 shares of the business services provider’s stock worth $246,000 after acquiring an additional 178 shares in the last quarter. Van ECK Associates Corp raised its stake 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 worth $2,514,000 after acquiring an additional 187 shares in the last quarter. New Mexico Educational Retirement Board lifted its position in Global Payments by 1.8% in the fourth quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock valued at $871,000 after acquiring an additional 200 shares during the last quarter. Finally, Dempze Nancy E lifted its position in Global Payments by 1.5% in the fourth quarter. Dempze Nancy E now owns 13,500 shares of the business services provider’s stock valued at $1,045,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Trading Down 2.8%

Shares of Global Payments stock opened at $90.44 on Tuesday. Global Payments Inc. has a 1 year low of $61.16 and a 1 year high of $95.58. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $23.93 billion, a P/E ratio of -30.35, a PEG ratio of 0.54 and a beta of 0.74. The company’s fifty day moving average is $77.60 and its two-hundred day moving average is $73.30.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the previous year, the business posted $3.10 earnings per share. Global Payments’s quarterly revenue was up 68.6% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Analysts forecast that Global Payments Inc. will post 13.67 earnings per share for the current year.

Global Payments Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a $96.00 price objective (up from $82.00) on shares of Global Payments in a research note on Thursday, August 6th. Rothschild & Co Redburn reduced their target price on Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. TD Cowen assumed coverage on Global Payments in a research report on Thursday, August 6th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft dropped their price target on Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. 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 report on Monday, May 11th. Ten investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Global Payments currently has a consensus rating of “Hold” and a consensus target price of $90.68.

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.