Sone Capital Management LLC Makes New Investment in Global Payments Inc. $GPN

Sone Capital Management LLC acquired a new position in Global Payments Inc. (NYSE:GPN) in the 2nd quarter, HoldingsChannel reports. The firm acquired 35,325 shares of the business services provider’s stock, valued at approximately $2,563,000.

A number of other large investors also recently modified their holdings of the stock. Brighton Jones LLC purchased a new stake in Global Payments in the 4th quarter valued at $725,000. Caxton Associates LLP purchased a new position in Global Payments during the 1st quarter worth $243,000. Intech Investment Management LLC grew its stake in shares of Global Payments by 43.5% in the 1st quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock worth $1,416,000 after acquiring an additional 4,386 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Global Payments by 7.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 41,577 shares of the business services provider’s stock worth $3,327,000 after acquiring an additional 2,840 shares in the last quarter. Finally, AXA S.A. raised its holdings in shares of Global Payments by 236.6% in the second quarter. AXA S.A. now owns 28,622 shares of the business services provider’s stock valued at $2,291,000 after purchasing an additional 20,119 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Global Payments Trading Up 0.9%

NYSE GPN opened at $94.33 on Tuesday. The stock has a market capitalization of $24.96 billion, a price-to-earnings ratio of -31.65, a PEG ratio of 0.54 and a beta of 0.74. Global Payments Inc. has a one year low of $61.16 and a one year high of $95.88. 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 business’s fifty day moving average is $80.31 and its 200-day moving average is $74.06.

Global Payments (NYSE:GPN) last posted its quarterly 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 company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.16 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The firm’s revenue for the quarter was up 68.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Equities research analysts predict that Global Payments Inc. will post 13.66 EPS for the current year.

Global Payments Dividend Announcement

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

Analyst Upgrades and Downgrades

GPN has been the topic of a number of recent analyst reports. Rothschild & Co Redburn dropped their price target on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a research report on Tuesday, May 12th. Robert W. Baird set a $120.00 price objective on shares of Global Payments in a research report on Thursday, August 6th. BMO Capital Markets reiterated a “market perform” rating and issued a $83.00 price objective on shares of Global Payments in a research note on Thursday, August 6th. Wells Fargo & Company dropped their target price on shares of Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Finally, Truist Financial boosted their target price on Global Payments from $76.00 to $79.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $90.92.

Global Payments 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.