Corient Private Wealth LP Buys Shares of 61,000 Global Payments Inc. $GPN

Corient Private Wealth LP purchased a new stake in shares of Global Payments Inc. (NYSE:GPN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 61,000 shares of the business services provider’s stock, valued at approximately $4,427,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Strive Financial Group LLC purchased a new stake in Global Payments during the fourth quarter valued at approximately $25,000. DV Equities LLC acquired a new position in shares of Global Payments during the fourth quarter worth $26,000. Western Wealth Management LLC purchased a new stake in shares of Global Payments during the 1st quarter valued at $34,000. Johnson Financial Group Inc. acquired a new stake in shares of Global Payments in the 3rd quarter worth $35,000. Finally, Hantz Financial Services Inc. grew its stake 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 buying an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on GPN shares. BMO Capital Markets reissued a “market perform” rating and issued a $83.00 price target on shares of Global Payments in a report on Thursday, August 6th. Argus set a $110.00 target price on shares of Global Payments and gave the stock a “buy” rating in a research report on Thursday, August 6th. Citigroup reaffirmed a “buy” rating on shares of Global Payments in a report on Thursday, August 6th. Robert W. Baird set a $120.00 price objective on shares of Global Payments in a report on Thursday, August 6th. Finally, Cantor Fitzgerald reduced their target price on Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $92.52.

Global Payments Stock Performance

Shares of GPN stock opened at $91.03 on Tuesday. The stock has a market cap of $24.09 billion, a PE ratio of -30.55, a price-to-earnings-growth ratio of 0.53 and a beta of 0.74. The business has a 50-day simple moving average of $82.87 and a 200-day simple moving average of $74.78. 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.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. The firm had revenue of $3.16 billion for 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 company’s revenue was up 68.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, equities analysts expect that Global Payments Inc. will post 13.66 EPS for the current year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.25 per share. 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 -33.56%.

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.