Commerce Bank Invests $971,000 in Global Payments Inc. $GPN

Commerce Bank bought a new stake in shares of Global Payments Inc. (NYSE:GPN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,380 shares of the business services provider’s stock, valued at approximately $971,000.

A number of other institutional investors have also recently made changes to their positions in the business. Westpac Banking Corp boosted its holdings 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 valued at $4,426,000 after buying an additional 56,212 shares in the last quarter. Gtcr LLC bought a new position in shares of Global Payments during the 1st quarter worth approximately $2,911,939,000. LSV Asset Management lifted its position in Global Payments by 30.8% during the fourth quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock valued at $34,683,000 after acquiring an additional 105,500 shares during the last quarter. Pzena Investment Management LLC lifted its position in Global Payments by 4.6% during the fourth quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock valued at $883,111,000 after acquiring an additional 500,887 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Global Payments by 18.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,431,107 shares of the business services provider’s stock valued at $110,768,000 after acquiring an additional 227,317 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on GPN shares. 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 report on Tuesday, May 12th. The Goldman Sachs Group increased their price target on Global Payments from $82.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Wells Fargo & Company lowered their price target on Global Payments from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. TD Cowen boosted their price target on Global Payments from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Cantor Fitzgerald cut their price objective on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Nine 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $92.36.

Global Payments Stock Down 0.9%

GPN stock opened at $93.01 on Thursday. The firm’s fifty day simple moving average is $81.34 and its 200-day simple moving average is $74.38. The company has a market capitalization of $24.61 billion, a P/E ratio of -31.21, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82. Global Payments Inc. has a 12 month low of $61.16 and a 12 month high of $95.88.

Global Payments (NYSE:GPN) last released 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 during the quarter, compared to analyst estimates of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The company’s revenue was up 68.6% on a year-over-year basis. During the same quarter last year, the business posted $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, equities research analysts forecast that Global Payments Inc. will post 13.66 earnings per share for the current year.

Global Payments Announces Dividend

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

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.