Global Payments Target of Unusually Large Options Trading (NYSE:GPN)

Global Payments Inc. (NYSE:GPN) saw unusually large options trading activity on Monday. Investors acquired 15,825 put options on the company. This is an increase of 561% compared to the average volume of 2,393 put options.

Global Payments Trading Down 1.0%

Shares of Global Payments stock opened at $76.05 on Wednesday. The stock has a market cap of $20.80 billion, a P/E ratio of -37.28, a P/E/G ratio of 0.43 and a beta of 0.76. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. Global Payments has a 12-month low of $61.16 and a 12-month high of $90.64. The business’s 50 day moving average is $70.50 and its 200-day moving average is $71.91.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.14. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The firm’s revenue was up 63.1% on a year-over-year basis. During the same period last year, the business earned $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities research analysts predict that Global Payments will post 13.84 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, June 12th. Global Payments’s dividend payout ratio (DPR) is -49.02%.

Institutional Investors Weigh In On Global Payments

A number of institutional investors and hedge funds have recently modified their holdings of GPN. Westpac Banking Corp boosted its holdings in Global Payments by 5,795.1% in the 4th quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock valued at $4,426,000 after purchasing an additional 56,212 shares during the period. Moore Capital Management LP increased its holdings in shares of Global Payments by 13.3% during the third quarter. Moore Capital Management LP now owns 231,200 shares of the business services provider’s stock worth $19,208,000 after purchasing an additional 27,200 shares during the period. Invenomic Capital Management LP increased its holdings in shares of Global Payments by 11.1% during the third quarter. Invenomic Capital Management LP now owns 681,094 shares of the business services provider’s stock worth $56,585,000 after purchasing an additional 68,071 shares during the period. Jain Global LLC acquired a new stake in shares of Global Payments in the third quarter valued at approximately $10,656,000. Finally, LSV Asset Management raised its position in shares of Global Payments by 30.8% in the fourth quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock valued at $34,683,000 after buying an additional 105,500 shares in the last quarter. 89.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. TD Cowen restated a “hold” rating and issued a $74.00 price objective (down from $86.00) on shares of Global Payments in a research report on Thursday, June 11th. BMO Capital Markets started coverage on Global Payments in a report on Tuesday, April 21st. They set a “market perform” rating and a $76.00 target price on the stock. 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 note on Tuesday, June 9th. Rothschild & Co Redburn lowered their price target on Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada dropped their price target on Global Payments from $97.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 8th. Five equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $83.33.

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.