CenterBook Partners LP Increases Position in Global Payments Inc. $GPN

CenterBook Partners LP grew its stake in Global Payments Inc. (NYSE:GPN) by 72.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,654 shares of the business services provider’s stock after acquiring an additional 26,374 shares during the quarter. CenterBook Partners LP’s holdings in Global Payments were worth $4,849,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Westpac Banking Corp boosted its position in shares of Global Payments by 5,795.1% in the 4th quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock worth $4,426,000 after purchasing an additional 56,212 shares in the last quarter. Moore Capital Management LP boosted its position in shares of Global Payments by 13.3% in the 3rd quarter. Moore Capital Management LP now owns 231,200 shares of the business services provider’s stock worth $19,208,000 after purchasing an additional 27,200 shares in the last quarter. LSV Asset Management boosted its position in shares of Global Payments by 22.7% in the 3rd quarter. LSV Asset Management now owns 342,600 shares of the business services provider’s stock worth $28,463,000 after purchasing an additional 63,400 shares in the last quarter. Prescott Group Capital Management L.L.C. boosted its position in shares of Global Payments by 50.2% in the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 89,805 shares of the business services provider’s stock worth $7,461,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Invenomic Capital Management LP boosted its position in shares of Global Payments by 11.1% in the 3rd quarter. Invenomic Capital Management LP now owns 681,094 shares of the business services provider’s stock worth $56,585,000 after purchasing an additional 68,071 shares in the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Global Payments Stock Performance

Shares of GPN opened at $66.35 on Monday. The stock has a 50-day moving average of $69.21 and a two-hundred day moving average of $73.34. Global Payments Inc. has a one year low of $62.45 and a one year high of $90.64. 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 stock has a market cap of $18.15 billion, a P/E ratio of -32.53, a P/E/G ratio of 0.37 and a beta of 0.76.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the previous year, the firm posted $2.82 EPS. The firm’s revenue was up 63.1% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, research analysts predict that Global Payments Inc. will post 13.89 EPS for the current year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. Global Payments’s payout ratio is currently -49.02%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GPN shares. Weiss Ratings cut Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Truist Financial lowered their price objective on Global Payments from $81.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. BMO Capital Markets started coverage on Global Payments in a research report on Tuesday, April 21st. They issued a “market perform” rating and a $76.00 price objective for the company. Raymond James Financial cut Global Payments from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Finally, Susquehanna set a $111.00 price objective on Global Payments and gave the stock a “positive” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Global Payments has an average rating of “Hold” and an average target price of $85.50.

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.