Corient Private Wealth LLC Purchases 10,640 Shares of Global Payments Inc. $GPN

Corient Private Wealth LLC increased its holdings in shares of Global Payments Inc. (NYSE:GPN) by 40.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 36,760 shares of the business services provider’s stock after buying an additional 10,640 shares during the quarter. Corient Private Wealth LLC’s holdings in Global Payments were worth $2,845,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Westpac Banking Corp raised its stake in shares of Global Payments by 5,795.1% during the 4th quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock worth $4,426,000 after purchasing an additional 56,212 shares during the period. Moore Capital Management LP raised its position in Global Payments by 13.3% in the third quarter. Moore Capital Management LP now owns 231,200 shares of the business services provider’s stock worth $19,208,000 after acquiring an additional 27,200 shares during the period. Invenomic Capital Management LP raised its position in Global Payments by 11.1% in the third quarter. Invenomic Capital Management LP now owns 681,094 shares of the business services provider’s stock worth $56,585,000 after acquiring an additional 68,071 shares during the period. Jain Global LLC purchased a new position in Global Payments in the third quarter valued at about $10,656,000. Finally, Pzena Investment Management LLC boosted its stake in Global Payments by 4.6% in the fourth quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock valued at $883,111,000 after acquiring an additional 500,887 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

GPN stock opened at $69.93 on Monday. The firm has a 50 day simple moving average of $69.23 and a two-hundred day simple moving average of $72.37. The stock has a market cap of $19.13 billion, a PE ratio of -34.28, a P/E/G ratio of 0.39 and a beta of 0.76. Global Payments Inc. has a one year low of $61.16 and a one year high of $90.64. 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 (NYSE:GPN) last posted 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 firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the prior year, the business earned $2.82 EPS. The company’s revenue for the quarter 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. On average, analysts predict that Global Payments Inc. will post 13.86 EPS for the current fiscal year.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, June 12th. Global Payments’s dividend payout ratio is currently -49.02%.

Analyst Ratings Changes

Several brokerages have weighed in on GPN. Wall Street Zen lowered Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings downgraded Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Truist Financial decreased their price objective on Global Payments from $81.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, May 19th. BMO Capital Markets assumed coverage on shares of Global Payments in a research note on Tuesday, April 21st. They set a “market perform” rating and a $76.00 price target on the stock. Finally, Zacks Research lowered shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Five analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Global Payments presently has an average rating of “Hold” and an average target price of $83.87.

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.