Fifth Third Bancorp Purchases 36,799 Shares of Global Payments Inc. $GPN

Fifth Third Bancorp increased its holdings in Global Payments Inc. (NYSE:GPN) by 223.1% in the first quarter, Holdings Channel reports. The fund owned 53,291 shares of the business services provider’s stock after purchasing an additional 36,799 shares during the quarter. Fifth Third Bancorp’s holdings in Global Payments were worth $3,586,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Strive Financial Group LLC purchased a new position in Global Payments during the 4th quarter valued at about $25,000. DV Equities LLC purchased a new stake in shares of Global Payments in the 4th quarter worth approximately $26,000. True Wealth Design LLC lifted its position in shares of Global Payments by 183.6% in the 4th quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock worth $33,000 after purchasing an additional 279 shares during the period. Torren Management LLC bought a new position in shares of Global Payments during the fourth quarter valued at approximately $34,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Global Payments during the third quarter valued at approximately $35,000. 89.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GPN has been the topic of several research reports. Weiss Ratings lowered shares of Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 11th. Mizuho lowered their target price on Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. Rothschild & Co Redburn dropped their target price on Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a research report on Tuesday, May 12th. Wells Fargo & Company cut their price target on Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Finally, BTIG Research reissued a “neutral” rating on shares of Global Payments in a research report on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three 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 target price of $83.33.

Global Payments Stock Up 0.2%

NYSE:GPN opened at $77.99 on Monday. The company’s 50-day simple moving average is $71.06 and its 200-day simple moving average is $71.87. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79. Global Payments Inc. has a fifty-two week low of $61.16 and a fifty-two week high of $90.64. The stock has a market capitalization of $21.33 billion, a P/E ratio of -38.23, a P/E/G ratio of 0.44 and a beta of 0.76.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the business posted $2.82 EPS. Global Payments’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. On average, equities analysts anticipate that Global Payments Inc. will post 13.84 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. Global Payments’s dividend 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.