912,590 Shares in Global Payments Inc. $GPN Bought by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new stake in Global Payments Inc. (NYSE:GPN) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 912,590 shares of the business services provider’s stock, valued at approximately $65,864,000.

Several other hedge funds also recently added to or reduced their stakes in GPN. Strive Financial Group LLC purchased a new stake in shares of Global Payments in the fourth quarter worth about $25,000. DV Equities LLC purchased a new stake in shares of Global Payments during the 4th quarter valued at about $26,000. Johnson Financial Group Inc. purchased a new stake in shares of Global Payments during the 3rd quarter valued at about $35,000. Torren Management LLC purchased a new stake in shares of Global Payments during the 4th quarter valued at about $34,000. Finally, Hantz Financial Services Inc. lifted its position in Global Payments by 87.5% during the 4th quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider’s stock worth $37,000 after acquiring an additional 223 shares in the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

Global Payments Stock Performance

Shares of GPN opened at $93.01 on Thursday. The firm has a market cap of $24.61 billion, a price-to-earnings ratio of -31.21, a PEG ratio of 0.54 and a beta of 0.74. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The business’s 50 day moving average is $81.34 and its two-hundred day moving average is $74.38. Global Payments Inc. has a 52-week low of $61.16 and a 52-week high of $95.88.

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

Global Payments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. Global Payments’s payout ratio is presently -33.56%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GPN. UBS Group assumed coverage on Global Payments in a report on Thursday, August 6th. They issued a “buy” rating for the company. Zacks Research lowered shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Wolfe Research restated an “outperform” rating and issued a $125.00 target price (up from $110.00) on shares of Global Payments in a research note on Tuesday. BTIG Research reaffirmed a “neutral” rating on shares of Global Payments in a report on Tuesday, June 9th. Finally, Barclays set a $89.00 price target on shares of Global Payments and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, sixteen have assigned 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 a consensus target price of $92.36.

About Global Payments

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.