Manning & Napier Advisors LLC Acquires Shares of 115,000 Global Payments Inc. $GPN

Manning & Napier Advisors LLC acquired a new position in shares of Global Payments Inc. (NYSE:GPN) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 115,000 shares of the business services provider’s stock, valued at approximately $8,344,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Patient Capital Management LLC acquired a new position in shares of Global Payments in the second quarter valued at approximately $68,374,000. Ally Financial Inc. acquired a new stake in shares of Global Payments during the second quarter worth $2,612,000. Cibc World Market Inc. acquired a new stake in shares of Global Payments during the second quarter worth $6,784,000. OMERS ADMINISTRATION Corp purchased a new position in Global Payments in the 2nd quarter valued at $949,000. Finally, Osmosis Investment Management UK Ltd purchased a new position in Global Payments in the 2nd quarter valued at $507,000. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Global Payments Trading Up 0.9%

NYSE:GPN opened at $94.33 on Tuesday. The stock has a fifty day moving average price of $80.31 and a two-hundred day moving average price of $74.06. 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. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. Global Payments Inc. has a 1 year low of $61.16 and a 1 year high of $95.88.

Global Payments (NYSE:GPN) last released its earnings results 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 positive return on equity of 13.80% and a negative net margin of 9.16%.The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the company earned $3.10 earnings per share. Global Payments’s quarterly revenue 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. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.25 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. Global Payments’s dividend payout ratio (DPR) is -33.56%.

Analysts Set New Price Targets

GPN has been the subject of a number of analyst reports. Argus set a $110.00 price objective on shares of Global Payments and gave the stock a “buy” rating in a research report on Thursday, August 6th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $83.00 target price on shares of Global Payments in a report on Thursday, August 6th. Royal Bank Of Canada lifted their target price on shares of Global Payments from $96.00 to $102.00 and gave the company a “sector perform” rating in a report on Wednesday, August 19th. TD Cowen assumed coverage on shares of Global Payments in a report on Thursday, August 6th. They set a “buy” rating for the company. Finally, BTIG Research restated a “neutral” rating on shares of Global Payments in a research report on Tuesday, June 9th. Ten analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently 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.