Ieq Capital LLC Buys Shares of 22,790 Global Payments Inc. $GPN

Ieq Capital LLC purchased a new stake in shares of Global Payments Inc. (NYSE:GPN) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 22,790 shares of the business services provider’s stock, valued at approximately $1,654,000.

Other large investors have also recently made changes to their positions in the company. Paralel Advisors LLC purchased a new position in shares of Global Payments during the 2nd quarter worth approximately $2,493,000. Allworth Financial LP acquired a new stake in shares of Global Payments in the second quarter valued at $99,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Global Payments in the 2nd quarter valued at $471,000. Fairtree Asset Management Pty Ltd acquired a new position in Global Payments during the 2nd quarter worth about $1,242,000. Finally, Tejara Capital Ltd purchased a new position in Global Payments during the 2nd quarter valued at about $9,589,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Trading Down 0.6%

NYSE GPN opened at $93.72 on Wednesday. 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 52 week low of $61.16 and a 52 week high of $95.88. The stock has a market capitalization of $24.80 billion, a PE ratio of -31.45, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74. The firm has a 50 day moving average of $80.81 and a two-hundred day moving average of $74.23.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.02. The business had revenue of $3.16 billion for 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 company’s revenue was up 68.6% on a year-over-year basis. During the same period last year, the business earned $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, research analysts expect that Global Payments Inc. will post 13.66 EPS for the current fiscal year.

Global Payments Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on GPN. Robert W. Baird set a $120.00 price target on shares of Global Payments in a research report on Thursday, August 6th. Wolfe Research reissued an “outperform” rating and issued a $125.00 price target (up from $110.00) on shares of Global Payments in a research report on Tuesday. BMO Capital Markets restated a “market perform” rating and issued a $83.00 price target on shares of Global Payments in a research note on Thursday, August 6th. Rothschild & Co Redburn reduced their price objective on Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. Finally, Cantor Fitzgerald decreased their target price on Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Ten analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $92.16.

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.