OP Asset Management Ltd Purchases New Stake in Global Payments Inc. $GPN

OP Asset Management Ltd purchased a new stake in shares of Global Payments Inc. (NYSE:GPN) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 25,654 shares of the business services provider’s stock, valued at approximately $1,727,000.

A number of other large investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new position in shares of Global Payments in the first quarter valued at about $327,000. Cidel Asset Management Inc. grew its stake in shares of Global Payments by 28.5% in the first quarter. Cidel Asset Management Inc. now owns 4,147 shares of the business services provider’s stock worth $279,000 after purchasing an additional 921 shares during the last quarter. Paragon Capital Management Inc. increased its holdings in Global Payments by 50.4% during the 1st quarter. Paragon Capital Management Inc. now owns 16,820 shares of the business services provider’s stock valued at $1,132,000 after purchasing an additional 5,639 shares during the period. Evolve Private Wealth LLC bought a new position in Global Payments during the 1st quarter valued at approximately $203,000. Finally, Polianta Ltd bought a new position in Global Payments during the 1st quarter valued at approximately $1,339,000. Institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

GPN opened at $69.93 on Monday. Global Payments Inc. has a 12-month low of $61.16 and a 12-month high of $90.64. The company has a market cap of $19.13 billion, a price-to-earnings ratio of -34.28, a price-to-earnings-growth ratio of 0.39 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. The stock has a fifty day simple moving average of $69.23 and a two-hundred day simple moving average of $72.37.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (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 company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period last year, the business earned $2.82 EPS. Global Payments’s quarterly 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. Research analysts predict that Global Payments Inc. will post 13.86 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, June 12th. Global Payments’s dividend payout ratio (DPR) is presently -49.02%.

Wall Street Analysts Forecast Growth

GPN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective on Global Payments from $90.00 to $76.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 7th. Truist Financial dropped their price target on Global Payments from $81.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Zacks Research downgraded shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, The Goldman Sachs Group began coverage on shares of Global Payments in a report on Monday, March 9th. They issued a “hold” rating and a $88.00 price objective for the company. Five analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Global Payments has a consensus rating of “Hold” and a consensus price target 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.