United Capital Financial Advisors LLC Purchases Shares of 9,546 Global Payments Inc. $GPN

United Capital Financial Advisors LLC purchased a new stake in Global Payments Inc. (NYSE:GPN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,546 shares of the business services provider’s stock, valued at approximately $693,000.

A number of other hedge funds have also modified their holdings of the business. Brighton Jones LLC acquired a new position in shares of Global Payments during the 4th quarter worth approximately $725,000. Caxton Associates LLP acquired a new stake in Global Payments during the 1st quarter valued at $243,000. Intech Investment Management LLC increased its position 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 worth $1,416,000 after buying an additional 4,386 shares in the last quarter. Daiwa Securities Group Inc. increased its position 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 worth $3,327,000 after buying an additional 2,840 shares in the last quarter. Finally, AXA S.A. increased its position 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 worth $2,291,000 after buying an additional 20,119 shares in the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

Global Payments Trading Up 0.0%

Shares of Global Payments stock opened at $91.86 on Monday. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $95.88. The firm has a market cap of $24.31 billion, a PE ratio of -30.83, a P/E/G ratio of 0.53 and a beta of 0.74. The business’s fifty day moving average is $82.35 and its two-hundred day moving average is $74.66. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.02. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The business’s revenue was up 68.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Analysts anticipate that Global Payments Inc. will post 13.66 earnings per share for the current year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 11th. Global Payments’s dividend payout ratio (DPR) is presently -33.56%.

Wall Street Analyst Weigh In

GPN has been the topic of several recent research reports. Wells Fargo & Company reduced their price objective on Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Cantor Fitzgerald dropped their price objective on Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Stephens set a $80.00 target price on shares of Global Payments and gave the company an “equal weight” rating in a research note on Thursday, May 7th. The Goldman Sachs Group upped their target price 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 target on shares of Global Payments and gave the stock a “buy” rating in a research note on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $92.36.

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.