Global Payments Inc. $GPN Shares Purchased by Moore Capital Management LP

Moore Capital Management LP boosted its stake in Global Payments Inc. (NYSE:GPNFree Report) by 52.9% during the 4th quarter, HoldingsChannel reports. The fund owned 353,600 shares of the business services provider’s stock after buying an additional 122,400 shares during the period. Moore Capital Management LP’s holdings in Global Payments were worth $27,369,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GPN. Brighton Jones LLC bought a new stake in Global Payments during the fourth quarter valued at $725,000. Caxton Associates LLP bought a new stake in Global Payments during the first quarter valued at $243,000. Intech Investment Management LLC increased its stake in Global Payments by 43.5% during the first quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock valued at $1,416,000 after purchasing an additional 4,386 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Global Payments by 7.3% during the second quarter. Daiwa Securities Group Inc. now owns 41,577 shares of the business services provider’s stock valued at $3,327,000 after purchasing an additional 2,840 shares during the last quarter. Finally, AXA S.A. increased its stake in Global Payments by 236.6% during the second quarter. AXA S.A. now owns 28,622 shares of the business services provider’s stock valued at $2,291,000 after purchasing an additional 20,119 shares during the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on GPN shares. UBS Group reiterated a “neutral” rating and set a $80.00 target price on shares of Global Payments in a research note on Thursday, May 7th. Argus lowered their target price on shares of Global Payments from $100.00 to $95.00 in a research note on Friday, May 8th. Rothschild & Co Redburn lowered their target price on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. BTIG Research reiterated a “neutral” rating on shares of Global Payments in a research note on Tuesday, June 9th. Finally, TD Cowen reiterated a “hold” rating and set a $74.00 target price (down from $86.00) on shares of Global Payments in a research note on Thursday, June 11th. Five research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $84.73.

Check Out Our Latest Stock Report on GPN

Global Payments Stock Down 2.9%

Global Payments stock opened at $66.49 on Thursday. The company has a 50-day simple moving average of $69.18 and a 200-day simple moving average of $72.93. The firm has a market capitalization of $18.19 billion, a P/E ratio of -32.59, a P/E/G ratio of 0.38 and a beta of 0.76. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79. Global Payments Inc. has a one year low of $61.16 and a one year high of $90.64.

Global Payments (NYSE:GPNGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping the consensus estimate of $2.82 by $0.14. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The company’s quarterly revenue was up 63.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, equities analysts expect that Global Payments Inc. will post 13.88 earnings per share for the current year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 annualized dividend and a yield of 1.5%. Global Payments’s dividend payout ratio is presently -49.02%.

About Global Payments

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Global Payments (NYSE:GPN)

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