Front Street Capital Management Inc. Takes $6.74 Million Position in Global Payments Inc. $GPN

Front Street Capital Management Inc. purchased a new stake in Global Payments Inc. (NYSE:GPN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 92,822 shares of the business services provider’s stock, valued at approximately $6,735,000. Global Payments makes up about 0.8% of Front Street Capital Management Inc.’s portfolio, making the stock its 25th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC purchased a new position in Global Payments during the 2nd quarter worth approximately $8,344,000. Patient Capital Management LLC purchased a new stake in shares of Global Payments in the second quarter valued at $68,374,000. Ally Financial Inc. purchased a new stake in shares of Global Payments in the second quarter valued at $2,612,000. Cibc World Market Inc. acquired a new stake in shares of Global Payments in the second quarter worth $6,784,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Global Payments in the second quarter worth $949,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Trading Up 0.9%

NYSE GPN opened at $94.33 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. Global Payments Inc. has a 1-year low of $61.16 and a 1-year high of $95.88. The firm’s fifty day simple moving average is $80.31 and its 200-day simple moving average is $74.06. The company has a market capitalization of $24.96 billion, a PE ratio of -31.65, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.02. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the firm earned $3.10 earnings per share. The business’s revenue for the quarter was up 68.6% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, sell-side analysts anticipate that Global Payments Inc. will post 13.66 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently weighed in on GPN shares. Morgan Stanley reissued an “overweight” rating and set a $103.00 price target on shares of Global Payments in a research report on Thursday, August 6th. Rothschild & Co Redburn decreased their price objective on Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. HC Wainwright started coverage on Global Payments in a research note on Thursday, August 6th. They set a “buy” rating on the stock. Stephens set a $80.00 target price on Global Payments and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Susquehanna set a $111.00 price target on shares of Global Payments and gave the stock a “positive” rating in a research report on Wednesday, June 3rd. Ten research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $90.92.

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.