LB Partners LLC Acquires Shares of 10,000 Global Payments Inc. $GPN

LB Partners LLC bought a new position in Global Payments Inc. (NYSE:GPN) during the 1st quarter, HoldingsChannel.com reports. The fund bought 10,000 shares of the business services provider’s stock, valued at approximately $673,000. Global Payments comprises approximately 0.6% of LB Partners LLC’s holdings, making the stock its 23rd biggest holding.

Several other hedge funds have also made changes to their positions in GPN. USS Investment Management Ltd boosted its stake in Global Payments by 4.8% in the 1st quarter. USS Investment Management Ltd now owns 48,642 shares of the business services provider’s stock worth $3,274,000 after purchasing an additional 2,248 shares during the period. Caliber Wealth Management LLC KS acquired a new stake in Global Payments during the 1st quarter valued at $338,000. Lansforsakringar Fondforvaltning AB publ raised its stake in Global Payments by 2.3% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 86,674 shares of the business services provider’s stock valued at $5,833,000 after purchasing an additional 1,937 shares during the period. Patton Fund Management Inc. lifted its holdings in shares of Global Payments by 10.1% in the first quarter. Patton Fund Management Inc. now owns 3,167 shares of the business services provider’s stock valued at $213,000 after purchasing an additional 291 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Global Payments in the first quarter valued at $202,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analysts Set New Price Targets

GPN has been the subject of several recent analyst reports. BMO Capital Markets started coverage on Global Payments in a research report on Tuesday, April 21st. They issued a “market perform” rating and a $76.00 target price for the company. Mizuho dropped their price target on Global Payments from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, March 26th. TD Cowen reissued a “hold” rating and issued a $74.00 price objective (down from $86.00) on shares of Global Payments in a research note on Thursday, June 11th. Citigroup decreased their price objective on Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Finally, Zacks Research cut Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $83.87.

Global Payments Stock Up 3.4%

Shares of Global Payments stock opened at $75.00 on Thursday. The firm has a market cap of $20.52 billion, a price-to-earnings ratio of -36.76, a P/E/G ratio of 0.41 and a beta of 0.76. The stock has a 50-day simple moving average of $69.29 and a 200-day simple moving average of $72.22. Global Payments Inc. has a 52-week low of $61.16 and a 52-week high of $90.64. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 0.79.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The firm’s revenue was up 63.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, equities research analysts expect that Global Payments Inc. will post 13.86 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. Global Payments’s dividend payout ratio is -49.02%.

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.