Lombard Odier Asset Management Europe Ltd Invests $559,000 in Global Payments Inc. $GPN

Lombard Odier Asset Management Europe Ltd bought a new position in shares of Global Payments Inc. (NYSE:GPN) in the 2nd quarter, Holdings Channel reports. The fund bought 7,707 shares of the business services provider’s stock, valued at approximately $559,000.

A number of other institutional investors and hedge funds have also bought and sold shares of GPN. Strive Financial Group LLC acquired a new position in shares of Global Payments in the fourth quarter valued at approximately $25,000. DV Equities LLC bought a new position in shares of Global Payments during the fourth quarter worth approximately $26,000. Torren Management LLC bought a new stake in shares of Global Payments in the fourth quarter valued at approximately $34,000. Western Wealth Management LLC acquired a new stake in Global Payments during the first quarter worth approximately $34,000. Finally, Johnson Financial Group Inc. bought a new position in Global Payments during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target 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. Wall Street Zen downgraded Global Payments from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Wells Fargo & Company reduced their price objective on Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Zacks Research cut Global Payments from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Royal Bank Of Canada boosted their target price on Global Payments from $96.00 to $102.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 19th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $92.36.

Global Payments Stock Down 0.9%

Shares of NYSE:GPN opened at $91.86 on Friday. The firm has a market cap of $24.31 billion, a P/E ratio of -30.83, a P/E/G ratio of 0.53 and a beta of 0.74. Global Payments Inc. has a 12-month low of $61.16 and a 12-month high of $95.88. The business has a fifty day simple moving average of $82.35 and a 200 day simple moving average of $74.64. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.02. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The business’s revenue was up 68.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Analysts predict that Global Payments Inc. will post 13.66 earnings per share for the current year.

Global Payments Dividend Announcement

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

About Global Payments

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.