10,880 Shares in Global Payments Inc. $GPN Bought by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. purchased a new position in shares of Global Payments Inc. (NYSE:GPN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,880 shares of the business services provider’s stock, valued at approximately $844,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GPN. SouthState Bank Corp acquired a new stake in Global Payments during the 3rd quarter worth $28,000. REAP Financial Group LLC acquired a new stake in Global Payments during the 3rd quarter worth $28,000. True Wealth Design LLC raised its stake in Global Payments by 183.6% during the 4th quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock worth $33,000 after acquiring an additional 279 shares in the last quarter. Torren Management LLC acquired a new stake in Global Payments during the 4th quarter worth $34,000. Finally, Johnson Financial Group Inc. acquired a new stake in Global Payments during the 3rd quarter worth $35,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GPN shares. Keefe, Bruyette & Woods cut their price target on shares of Global Payments from $90.00 to $76.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. Wall Street Zen lowered shares of Global Payments from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Cantor Fitzgerald cut their price target on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Rothschild & Co Redburn dropped their price objective on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. Finally, The Goldman Sachs Group started coverage on shares of Global Payments in a research note on Monday, March 9th. They issued a “hold” rating and a $88.00 price objective on the stock. Five 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, the company currently has a consensus rating of “Hold” and a consensus target price of $85.50.

Global Payments Trading Down 8.3%

NYSE GPN opened at $67.89 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $18.57 billion, a PE ratio of -33.28, a P/E/G ratio of 0.42 and a beta of 0.76. Global Payments Inc. has a one year low of $62.45 and a one year high of $90.64. The firm’s fifty day moving average is $69.36 and its two-hundred day moving average is $73.43.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. Global Payments’s quarterly revenue was up 63.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Analysts expect that Global Payments Inc. will post 13.89 earnings per share for the current year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. Global Payments’s payout ratio is presently -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.