Hsbc Holdings PLC Raises Holdings in Global Payments Inc. $GPN

Hsbc Holdings PLC increased its position in Global Payments Inc. (NYSE:GPN) by 39.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,428,962 shares of the business services provider’s stock after buying an additional 404,918 shares during the period. Hsbc Holdings PLC’s holdings in Global Payments were worth $110,772,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strive Financial Group LLC purchased a new stake in shares of Global Payments during the 4th quarter worth approximately $25,000. DV Equities LLC purchased a new position in shares of Global Payments in the fourth quarter valued at $26,000. True Wealth Design LLC increased its position in Global Payments by 183.6% in the fourth 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 last quarter. Torren Management LLC purchased a new stake in Global Payments during the fourth quarter valued at $34,000. Finally, Johnson Financial Group Inc. purchased a new stake in Global Payments during the third quarter valued at $35,000. 89.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on GPN shares. Royal Bank Of Canada dropped their price objective on shares of Global Payments from $97.00 to $82.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, June 9th. Cantor Fitzgerald lowered their price target on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Keefe, Bruyette & Woods dropped their price target on Global Payments from $90.00 to $76.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th. Finally, Wall Street Zen cut Global Payments from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Five investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $83.87.

Global Payments Stock Down 0.1%

NYSE GPN opened at $78.56 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. Global Payments Inc. has a 52 week low of $61.16 and a 52 week high of $90.64. The firm has a market capitalization of $21.49 billion, a price-to-earnings ratio of -38.51, a PEG ratio of 0.44 and a beta of 0.76. The company has a fifty day moving average of $69.56 and a two-hundred day moving average of $72.24.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.14. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The business’s revenue for the quarter was up 63.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.82 earnings per share. 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 earnings per share for the current year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.00 annualized dividend and a yield of 1.3%. 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.