Jupiter Topco LLC Buys New Position in Global Payments Inc. $GPN

Jupiter Topco LLC bought a new position in shares of Global Payments Inc. (NYSE:GPN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 740,250 shares of the business services provider’s stock, valued at approximately $53,712,000. Jupiter Topco LLC owned 0.28% of Global Payments as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GPN. BI Asset Management Fondsmaeglerselskab A S raised its holdings 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 purchasing an additional 163 shares in the last quarter. Southern Financial Group LLC boosted its stake in shares of 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 boosted its stake in shares of 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 grew its holdings in shares of Global Payments by 1.8% in the 4th 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 during the last quarter. Finally, Dempze Nancy E grew its holdings in shares of Global Payments by 1.5% in the 4th quarter. Dempze Nancy E now owns 13,500 shares of the business services provider’s stock worth $1,045,000 after acquiring an additional 200 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Truist Financial upped their target price on Global Payments from $79.00 to $95.00 and gave the company a “hold” rating in a report on Tuesday. The Goldman Sachs Group upped their price target on shares of Global Payments from $82.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Wall Street Zen downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Argus set a $110.00 price objective on Global Payments and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Global Payments in a research note on Friday, August 7th. Nine analysts have rated the stock with a Buy rating, sixteen have given 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 Down 0.4%

Shares of NYSE:GPN opened at $92.62 on Friday. The firm has a fifty day moving average of $81.86 and a two-hundred day moving average of $74.52. 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 firm has a market capitalization of $24.51 billion, a P/E ratio of -31.08, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74.

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, topping 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 business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the business posted $3.10 earnings per share. Global Payments’s revenue for the quarter was up 68.6% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, equities analysts expect that Global Payments Inc. will post 13.66 EPS for the current fiscal year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders 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 of this dividend is Friday, September 11th. Global Payments’s dividend payout ratio is presently -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.