Global Payments Inc. $GPN Shares Purchased by Invenomic Capital Management LP

Invenomic Capital Management LP raised its stake in Global Payments Inc. (NYSE:GPN) by 17.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 797,496 shares of the business services provider’s stock after acquiring an additional 116,402 shares during the quarter. Global Payments comprises approximately 2.9% of Invenomic Capital Management LP’s investment portfolio, making the stock its 2nd biggest holding. Invenomic Capital Management LP’s holdings in Global Payments were worth $61,726,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DV Equities LLC acquired a new stake in Global Payments in the 4th quarter valued at about $26,000. Johnson Financial Group Inc. acquired a new stake in Global Payments in the 3rd quarter valued at about $35,000. True Wealth Design LLC increased its position in Global Payments by 183.6% in the 4th quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 279 shares in the last quarter. Torren Management LLC acquired a new stake in Global Payments in the 4th quarter valued at about $34,000. Finally, Hantz Financial Services Inc. increased its position in Global Payments by 87.5% in the 4th quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 223 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Ratings Changes

GPN has been the subject of several research reports. Cantor Fitzgerald lowered their price objective on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Citigroup lowered their price objective on shares of Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. BTIG Research reaffirmed a “neutral” rating on shares of Global Payments in a research note on Tuesday, June 9th. TD Cowen reissued a “hold” rating and set a $74.00 price target (down from $86.00) on shares of Global Payments in a research note on Thursday, June 11th. Finally, Raymond James Financial downgraded shares of Global Payments from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Five analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $84.73.

Global Payments Stock Down 2.9%

Global Payments stock opened at $66.49 on Thursday. The company’s 50 day simple moving average is $69.18 and its 200 day simple moving average is $72.93. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $90.64. The firm has a market capitalization of $18.19 billion, a price-to-earnings ratio of -32.59, a PEG ratio of 0.38 and a beta of 0.76. 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 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.14. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the firm earned $2.82 EPS. Global Payments’s quarterly revenue was up 63.1% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, sell-side analysts anticipate that Global Payments Inc. will post 13.88 EPS for the current year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 annualized dividend and a yield of 1.5%. Global Payments’s dividend payout ratio (DPR) is presently -49.02%.

Global Payments 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.