Engineers Gate Manager LP Decreases Position in Global Payments Inc. $GPN

Engineers Gate Manager LP lessened its stake in Global Payments Inc. (NYSE:GPN) by 14.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 93,153 shares of the business services provider’s stock after selling 16,357 shares during the quarter. Engineers Gate Manager LP’s holdings in Global Payments were worth $6,759,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Westpac Banking Corp grew its holdings in shares of Global Payments by 5,795.1% during the fourth quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock worth $4,426,000 after buying an additional 56,212 shares during the last quarter. Gtcr LLC acquired a new position in shares of Global Payments during the first quarter worth about $2,911,939,000. LSV Asset Management raised its stake in shares of Global Payments by 30.8% during the 4th quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock worth $34,683,000 after buying an additional 105,500 shares in the last quarter. Gradient Investments LLC lifted its holdings in Global Payments by 156.9% in the second quarter. Gradient Investments LLC now owns 45,565 shares of the business services provider’s stock valued at $3,306,000 after acquiring an additional 27,828 shares during the period. Finally, Pzena Investment Management LLC boosted its holdings in Global Payments by 4.6% during the fourth quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock worth $883,111,000 after buying an additional 500,887 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GPN shares. Truist Financial upped their target price on Global Payments from $79.00 to $95.00 and gave the company a “hold” rating in a report on Tuesday, August 25th. BTIG Research reaffirmed a “neutral” rating on shares of Global Payments in a research report on Tuesday, June 9th. Wall Street Zen cut Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Susquehanna set a $111.00 price objective on shares of Global Payments and gave the company a “positive” rating in a research note on Wednesday, June 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Global Payments from $76.00 to $95.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $92.85.

Global Payments Stock Performance

NYSE:GPN opened at $88.46 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $23.41 billion, a price-to-earnings ratio of -29.68, a PEG ratio of 0.48 and a beta of 0.78. The firm’s fifty day simple moving average is $86.24 and its 200 day simple moving average is $75.81. Global Payments Inc. has a twelve month low of $61.16 and a twelve month high of $95.88.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, beating the consensus estimate of $3.44 by $0.02. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period last year, the company posted $3.10 earnings per share. The firm’s revenue was up 68.6% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, equities research analysts expect that Global Payments Inc. will post 13.64 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.00 annualized dividend and a yield of 1.1%. Global Payments’s payout ratio is -33.56%.

Global Payments Company Profile

Global Payments Inc (NYSE:GPN) is a payments technology and software company that provides solutions for businesses, financial institutions and other organizations. Its services support payment acceptance across in-store, online and mobile channels, including credit and debit card processing, point-of-sale systems, payment gateways, integrated software and related business management tools.

The company serves merchants across industries such as retail, restaurants, hospitality, education, health care and professional services.