Moore Capital Management LP Has $26.84 Million Stock Position in Global Payments Inc. $GPN

Moore Capital Management LP lowered its holdings in shares of Global Payments Inc. (NYSE:GPN) by 35.2% during the second quarter, Holdings Channel reports. The firm owned 369,940 shares of the business services provider’s stock after selling 201,260 shares during the period. Moore Capital Management LP’s holdings in Global Payments were worth $26,843,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GPN. Brighton Jones LLC acquired a new position in Global Payments during the fourth quarter worth $725,000. Caxton Associates LLP acquired a new stake in shares of Global Payments in the first quarter worth about $243,000. Intech Investment Management LLC lifted its position in shares of Global Payments by 43.5% in 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 during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Global Payments by 7.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 41,577 shares of the business services provider’s stock worth $3,327,000 after acquiring an additional 2,840 shares in the last quarter. Finally, AXA S.A. increased its holdings in shares of Global Payments by 236.6% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on 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 note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft decreased their target price on Global Payments from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, June 9th. Robert W. Baird set a $120.00 price target on Global Payments in a report on Thursday, August 6th. Jefferies Financial Group raised shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, August 6th. Finally, Wells Fargo & Company reduced their price objective on shares of Global Payments from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Nine research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $92.36.

Global Payments Trading Up 0.0%

Global Payments stock opened at $91.86 on Monday. Global Payments Inc. has a 52 week low of $61.16 and a 52 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 $24.31 billion, a PE ratio of -30.83, a PEG ratio of 0.53 and a beta of 0.74. The business’s 50-day simple moving average is $82.35 and its 200-day simple moving average is $74.66.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.02. The firm had revenue of $3.16 billion during 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 firm’s revenue for the quarter was up 68.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Equities research analysts forecast 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. Stockholders of record on Friday, September 11th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. Global Payments’s payout ratio is -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.