North Star Asset Management Inc. Makes New Investment in Global Payments Inc. $GPN

North Star Asset Management Inc. bought a new position in shares of Global Payments Inc. (NYSE:GPN) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 319,712 shares of the business services provider’s stock, valued at approximately $23,198,000.

A number of other large investors have also modified their holdings of the business. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Global Payments by 1.6% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock valued at $794,000 after buying an additional 163 shares during the last quarter. Southern Financial Group LLC boosted its position in Global Payments by 5.1% during the first quarter. Southern Financial Group LLC now owns 3,651 shares of the business services provider’s stock worth $246,000 after acquiring an additional 178 shares during the last quarter. Van ECK Associates Corp boosted its position in Global Payments by 0.6% during the third quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock worth $2,514,000 after acquiring an additional 187 shares during the last quarter. New Mexico Educational Retirement Board grew its stake in Global Payments by 1.8% during the 4th quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock valued at $871,000 after acquiring an additional 200 shares in the last quarter. Finally, Dempze Nancy E grew its stake in Global Payments by 1.5% during the 4th quarter. Dempze Nancy E now owns 13,500 shares of the business services provider’s stock valued at $1,045,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

GPN has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Global Payments in a report on Friday, August 7th. TD Cowen boosted their price objective on Global Payments from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Wednesday. Wall Street Zen cut shares of Global Payments from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Robert W. Baird set a $120.00 price target on Global Payments in a report on Thursday, August 6th. Finally, UBS Group started coverage on shares of Global Payments in a research report on Thursday, August 6th. They set a “buy” rating for the company. Nine equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $92.36.

Global Payments Stock Performance

Shares of GPN opened at $92.62 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. Global Payments Inc. has a 1 year low of $61.16 and a 1 year high of $95.88. The stock has a market capitalization of $24.51 billion, a PE ratio of -31.08, a PEG ratio of 0.54 and a beta of 0.74. The stock has a 50-day simple moving average of $81.86 and a 200-day simple moving average of $74.52.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.02. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 68.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, analysts predict that Global Payments Inc. will post 13.66 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

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

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.