Flputnam Investment Management Co. Makes New $775,000 Investment in Global Payments Inc. $GPN

Flputnam Investment Management Co. purchased a new stake in Global Payments Inc. (NYSE:GPN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,675 shares of the business services provider’s stock, valued at approximately $775,000.

A number of other hedge funds also recently made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S increased its stake in Global Payments by 1.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock valued at $794,000 after buying an additional 163 shares during the period. Southern Financial Group LLC lifted its position in Global Payments by 5.1% in the first quarter. Southern Financial Group LLC now owns 3,651 shares of the business services provider’s stock worth $246,000 after purchasing an additional 178 shares during the period. Van ECK Associates Corp lifted its position in Global Payments by 0.6% in the third quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock worth $2,514,000 after purchasing an additional 187 shares during the period. New Mexico Educational Retirement Board boosted its stake in Global Payments by 1.8% during the 4th quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock valued at $871,000 after purchasing an additional 200 shares in the last quarter. Finally, Dempze Nancy E lifted its holdings in shares of Global Payments by 1.5% in the fourth quarter. Dempze Nancy E now owns 13,500 shares of the business services provider’s stock valued at $1,045,000 after buying an additional 200 shares during the period. Institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

GPN opened at $91.03 on Tuesday. The stock has a fifty day moving average price of $82.87 and a 200 day moving average price of $74.78. 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 stock has a market cap of $24.09 billion, a price-to-earnings ratio of -30.55, a PEG ratio of 0.53 and a beta of 0.74.

Global Payments (NYSE:GPN) last posted 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 company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The business’s quarterly 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. Analysts forecast that Global Payments Inc. will post 13.66 EPS for the current fiscal year.

Global Payments Dividend Announcement

The firm 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. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 11th. Global Payments’s payout ratio is presently -33.56%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Stephens set a $80.00 price target on shares of Global Payments and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, June 9th. Citigroup restated a “buy” rating on shares of Global Payments in a report on Thursday, August 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $106.00 price target (up from $102.00) on shares of Global Payments in a report on Monday. Finally, Robert W. Baird set a $120.00 price objective on Global Payments in a research report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $92.52.

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.