10,880 Shares in Global Payments Inc. $GPN Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. acquired a new position in shares of Global Payments Inc. (NYSE:GPN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,880 shares of the business services provider’s stock, valued at approximately $844,000.

Other hedge funds have also recently made changes to their positions in the company. REAP Financial Group LLC purchased a new position in Global Payments in the 3rd quarter valued at approximately $28,000. SouthState Bank Corp purchased a new position in Global Payments in the 3rd quarter valued at approximately $28,000. Johnson Financial Group Inc. purchased a new position in Global Payments in the 3rd quarter valued at approximately $35,000. True Wealth Design LLC boosted its position in Global Payments by 183.6% in 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 during the period. Finally, Torren Management LLC purchased a new position in Global Payments in the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Wall Street Analyst Weigh In

GPN has been the subject of several recent research reports. Wall Street Zen cut shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Argus decreased their price target on shares of Global Payments from $100.00 to $95.00 in a research report on Friday, May 8th. Citigroup decreased their price target on shares of Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Rothschild & Co Redburn decreased their price target on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Global Payments from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Global Payments has an average rating of “Hold” and a consensus price target of $85.50.

Global Payments Price Performance

Shares of GPN opened at $67.89 on Thursday. Global Payments Inc. has a twelve month low of $62.45 and a twelve month high of $90.64. The firm’s fifty day simple moving average is $69.36 and its 200-day simple moving average is $73.43. The firm has a market capitalization of $18.57 billion, a price-to-earnings ratio of -33.28, a PEG ratio of 0.42 and a beta of 0.76. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period last year, the business earned $2.82 EPS. The company’s revenue was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts forecast that Global Payments Inc. will post 13.89 EPS 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. Stockholders of record on Friday, June 12th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, June 12th. Global Payments’s dividend payout ratio (DPR) 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.