Strive Financial Group LLC lowered its position in shares of Global Payments Inc. (NYSE:GPN – Free Report) by 68.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,720 shares of the business services provider’s stock after selling 12,359 shares during the quarter. Strive Financial Group LLC’s holdings in Global Payments were worth $415,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC bought a new position in Global Payments in the 4th quarter worth $725,000. Caxton Associates LLP purchased a new stake in Global Payments in the 1st quarter worth $243,000. Intech Investment Management LLC raised its holdings 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 acquiring an additional 4,386 shares during the period. Daiwa Securities Group Inc. raised its holdings 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 acquiring an additional 2,840 shares during the period. Finally, AXA S.A. lifted its position in shares of Global Payments by 236.6% in the second quarter. AXA S.A. now owns 28,622 shares of the business services provider’s stock valued at $2,291,000 after acquiring an additional 20,119 shares in the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $106.00 price objective (up from $102.00) on shares of Global Payments in a research note on Monday. BTIG Research reissued a “neutral” rating on shares of Global Payments in a report on Tuesday, June 9th. UBS Group started coverage on Global Payments in a research note on Thursday, August 6th. They issued a “buy” rating for the company. The Goldman Sachs Group increased their price objective on shares of Global Payments from $82.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, Argus set a $110.00 price objective on shares of Global Payments and gave the company a “buy” rating in a research report on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Global Payments has an average rating of “Hold” and a consensus target price of $92.52.
Global Payments Price Performance
Shares of Global Payments stock opened at $92.76 on Friday. The firm has a market cap of $24.55 billion, a PE ratio of -31.13, a PEG ratio of 0.50 and a beta of 0.78. The stock has a 50 day moving average of $84.83 and a 200 day moving average of $75.36. 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 12 month low of $61.16 and a 12 month high of $95.88.
Global Payments (NYSE:GPN – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. The business 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 previous year, the company posted $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, research analysts expect that Global Payments Inc. will post 13.65 EPS for the current fiscal year.
Global Payments Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. Global Payments’s dividend payout ratio is presently -33.56%.
Global Payments Profile
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.
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