Moore Capital Management LP Acquires 27,200 Shares of Global Payments Inc. $GPN

Moore Capital Management LP lifted its holdings in Global Payments Inc. (NYSE:GPN) by 13.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,200 shares of the business services provider’s stock after buying an additional 27,200 shares during the quarter. Moore Capital Management LP’s holdings in Global Payments were worth $19,208,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GPN. Independent Advisor Alliance increased its stake in shares of Global Payments by 260.5% during the third quarter. Independent Advisor Alliance now owns 29,446 shares of the business services provider’s stock valued at $2,446,000 after purchasing an additional 21,278 shares in the last quarter. BIP Wealth LLC boosted its position in shares of Global Payments by 151.6% in the 3rd quarter. BIP Wealth LLC now owns 30,103 shares of the business services provider’s stock worth $2,501,000 after purchasing an additional 18,138 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Global Payments in the 3rd quarter worth approximately $905,000. HB Wealth Management LLC grew its stake in shares of Global Payments by 213.9% in the 3rd quarter. HB Wealth Management LLC now owns 36,861 shares of the business services provider’s stock worth $3,062,000 after buying an additional 25,118 shares during the last quarter. Finally, Saiph Capital LLC bought a new position in Global Payments during the 2nd quarter valued at approximately $7,269,000. 89.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GPN has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their price objective on Global Payments from $87.00 to $90.00 and gave the company a “market perform” rating in a research note on Thursday, February 19th. Weiss Ratings restated a “hold (c-)” rating on shares of Global Payments in a report on Thursday, January 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $97.00 price target (up from $95.00) on shares of Global Payments in a research report on Thursday, February 19th. Raymond James Financial upgraded shares of Global Payments to a “moderate buy” rating in a research note on Wednesday, February 18th. Finally, TD Cowen reiterated a “hold” rating on shares of Global Payments in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $91.36.

Global Payments Stock Down 0.9%

Global Payments stock opened at $68.02 on Tuesday. Global Payments Inc. has a 12 month low of $65.93 and a 12 month high of $100.56. The stock has a fifty day simple moving average of $74.55 and a two-hundred day simple moving average of $79.23. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.83. The firm has a market cap of $19.04 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.38 and a beta of 0.73.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.02. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the company posted $2.85 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts predict that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.5%. Global Payments’s dividend payout ratio is currently 17.27%.

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.