Machina Capital S.A.S. Has $2.21 Million Stake in Global Payments Inc. $GPN

Machina Capital S.A.S. boosted its stake in shares of Global Payments Inc. (NYSE:GPN) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,601 shares of the business services provider’s stock after acquiring an additional 1,458 shares during the quarter. Machina Capital S.A.S.’s holdings in Global Payments were worth $2,209,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. LRI Investments LLC raised its stake in Global Payments by 53.4% during the second quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock worth $31,000 after acquiring an additional 133 shares in the last quarter. Larson Financial Group LLC raised its stake in Global Payments by 546.6% during the first quarter. Larson Financial Group LLC now owns 375 shares of the business services provider’s stock worth $37,000 after acquiring an additional 317 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in Global Payments during the first quarter worth $37,000. Quarry LP acquired a new position in Global Payments during the first quarter worth $42,000. Finally, WPG Advisers LLC acquired a new position in Global Payments during the first quarter worth $49,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Stock Performance

Shares of NYSE:GPN opened at $77.68 on Monday. Global Payments Inc. has a twelve month low of $65.93 and a twelve month high of $120.00. The firm has a market cap of $18.85 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 0.76 and a beta of 0.98. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The business has a fifty day moving average of $86.00 and a 200-day moving average of $81.68.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, August 6th. The business services provider reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.06 by $0.04. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Global Payments had a return on equity of 12.47% and a net margin of 15.07%.The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.93 earnings per share. On average, equities research analysts predict that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Insider Transactions at Global Payments

In other Global Payments news, General Counsel Dara L. Steele-Belkin sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $86.00, for a total transaction of $172,000.00. Following the transaction, the general counsel owned 30,713 shares in the company, valued at approximately $2,641,318. This trade represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on GPN shares. TD Cowen lowered Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Mizuho upgraded Global Payments from a “neutral” rating to an “outperform” rating and raised their target price for the company from $86.00 to $114.00 in a research note on Friday, July 25th. Truist Financial raised their target price on Global Payments from $79.00 to $83.00 and gave the company a “hold” rating in a research note on Thursday, July 17th. Royal Bank Of Canada raised their target price on Global Payments from $86.00 to $93.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Finally, KeyCorp lowered Global Payments from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, Global Payments has a consensus rating of “Hold” and an average target price of $103.37.

Global Payments Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.