North Star Asset Management Inc. Buys Shares of 319,712 Global Payments Inc. $GPN

North Star Asset Management Inc. bought a new position in Global Payments Inc. (NYSE:GPN) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 319,712 shares of the business services provider’s stock, valued at approximately $23,198,000. North Star Asset Management Inc. owned 0.12% of Global Payments as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strive Financial Group LLC bought a new stake in shares of Global Payments during the 4th quarter valued at $25,000. DV Equities LLC purchased a new stake in shares of Global Payments in the fourth quarter worth about $26,000. Johnson Financial Group Inc. bought a new position in Global Payments during the third quarter valued at approximately $35,000. Torren Management LLC purchased a new position in Global Payments during the 4th quarter valued at approximately $34,000. Finally, Hantz Financial Services Inc. increased its stake in Global Payments by 87.5% in the 4th quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider’s stock worth $37,000 after acquiring an additional 223 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Global Payments from $82.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. UBS Group started coverage on Global Payments in a research note on Thursday, August 6th. They set a “buy” rating for the company. BMO Capital Markets reissued a “market perform” rating and issued a $83.00 price objective on shares of Global Payments in a research report on Thursday, August 6th. HC Wainwright started coverage on shares of Global Payments in a research note on Thursday, August 6th. They issued a “buy” rating on the stock. Finally, Wall Street Zen downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Nine research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Global Payments currently has an average rating of “Hold” and an average target price of $92.36.

Global Payments Price Performance

Shares of GPN stock opened at $92.62 on Friday. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $95.88. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $24.51 billion, a price-to-earnings ratio of -31.08, a PEG ratio of 0.54 and a beta of 0.74. The stock’s 50-day simple moving average is $81.86 and its 200-day simple moving average is $74.52.

Global Payments (NYSE:GPN) last posted its quarterly earnings results 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. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the company posted $3.10 earnings per share. The business’s quarterly revenue was up 68.6% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, equities analysts forecast that Global Payments Inc. will post 13.66 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued 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 dividend yield of 1.1%. Global Payments’s dividend payout ratio is presently -33.56%.

Global Payments Company 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.