Private Management Group Inc. Boosts Stock Position in Global Payments Inc. $GPN

Private Management Group Inc. grew its stake in shares of Global Payments Inc. (NYSE:GPN) by 21.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 418,681 shares of the business services provider’s stock after buying an additional 73,723 shares during the period. Private Management Group Inc. owned 0.18% of Global Payments worth $32,406,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GPN. True Wealth Design LLC lifted its position in shares of Global Payments by 183.6% during the 4th quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock valued at $33,000 after buying an additional 279 shares in the last quarter. Torren Management LLC purchased a new position in Global Payments in the 4th quarter worth approximately $34,000. Johnson Financial Group Inc. purchased a new position in Global Payments in the 3rd quarter worth approximately $35,000. Hantz Financial Services Inc. lifted its holdings 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 worth $37,000 after purchasing an additional 223 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in Global Payments in the 4th quarter worth approximately $39,000. 89.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. UBS Group reissued a “neutral” rating and issued a $80.00 price target on shares of Global Payments in a report on Thursday, May 7th. Wells Fargo & Company boosted their price target on Global Payments from $103.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. TD Cowen reissued a “hold” rating and issued a $74.00 price target (down from $86.00) on shares of Global Payments in a report on Thursday. JPMorgan Chase & Co. lowered their price target on Global Payments from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Finally, Mizuho lowered their price target on Global Payments from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, March 26th. Five investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Global Payments has an average rating of “Hold” and an average target price of $84.73.

Global Payments Stock Performance

NYSE:GPN opened at $65.45 on Friday. 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 Inc. has a 1 year low of $61.16 and a 1 year high of $90.64. The stock’s 50 day simple moving average is $68.94 and its two-hundred day simple moving average is $73.11. The company has a market cap of $17.90 billion, a price-to-earnings ratio of -32.09, a PEG ratio of 0.35 and a beta of 0.76.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the company posted $2.82 EPS. The company’s 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, equities analysts anticipate that Global Payments Inc. will post 13.88 earnings per share for the current fiscal year.

Global Payments Announces Dividend

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

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.