Penserra Capital Management LLC Grows Stock Holdings in Global Payments Inc. $GPN

Penserra Capital Management LLC lifted its position in Global Payments Inc. (NYSE:GPN) by 19.9% during the second quarter, Holdings Channel reports. The institutional investor owned 160,933 shares of the business services provider’s stock after buying an additional 26,699 shares during the quarter. Penserra Capital Management LLC’s holdings in Global Payments were worth $12,879,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. LRI Investments LLC boosted its stake in Global Payments by 53.4% in the second quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 133 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Global Payments by 5.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 3,027 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 158 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Global Payments by 5.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,320 shares of the business services provider’s stock valued at $266,000 after purchasing an additional 161 shares during the last quarter. Pinnacle Associates Ltd. boosted its position in shares of Global Payments by 4.1% in the 1st quarter. Pinnacle Associates Ltd. now owns 4,342 shares of the business services provider’s stock worth $425,000 after purchasing an additional 171 shares in the last quarter. Finally, WESCAP Management Group Inc. grew its stake in Global Payments by 2.5% during the 1st quarter. WESCAP Management Group Inc. now owns 7,102 shares of the business services provider’s stock worth $695,000 after buying an additional 176 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on GPN shares. Evercore ISI increased their price target on Global Payments from $85.00 to $90.00 and gave the company an “in-line” rating in a research note on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Global Payments in a research report on Wednesday, October 8th. Raymond James Financial reiterated an “outperform” rating and issued a $105.00 target price on shares of Global Payments in a research note on Tuesday. Wells Fargo & Company upgraded shares of Global Payments to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, UBS Group lifted their price objective on shares of Global Payments from $85.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, Global Payments has a consensus rating of “Hold” and a consensus target price of $104.10.

Global Payments Price Performance

Shares of NYSE:GPN opened at $75.96 on Friday. Global Payments Inc. has a twelve month low of $65.93 and a twelve month high of $120.00. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The company has a market cap of $18.43 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95. The company’s 50 day moving average is $84.93 and its 200 day moving average is $81.88.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Tuesday, November 4th. The business services provider reported $3.26 EPS for the quarter, beating the consensus estimate of $3.23 by $0.03. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. During the same period in the previous year, the business posted $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, sell-side analysts forecast that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, December 12th. Global Payments’s dividend payout ratio is presently 14.04%.

About Global Payments

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.