Front Street Capital Management Inc. Acquires New Shares in Global Payments Inc. $GPN

Front Street Capital Management Inc. acquired a new position in Global Payments Inc. (NYSE:GPN) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 92,822 shares of the business services provider’s stock, valued at approximately $6,735,000. Global Payments accounts for approximately 0.8% of Front Street Capital Management Inc.’s investment portfolio, making the stock its 25th largest holding.

Other hedge funds have also recently bought and sold shares of the company. Strive Financial Group LLC acquired a new stake in shares of Global Payments in the fourth quarter worth about $25,000. DV Equities LLC bought a new stake in shares of Global Payments during the 4th quarter worth about $26,000. Johnson Financial Group Inc. acquired a new position in shares of Global Payments during the 3rd quarter valued at about $35,000. Torren Management LLC acquired a new position in shares of Global Payments during the 4th quarter valued at about $34,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Global Payments by 87.5% in the 4th quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 223 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GPN shares. Royal Bank Of Canada boosted their target price on Global Payments from $96.00 to $102.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 19th. UBS Group assumed coverage on Global Payments in a report on Thursday, August 6th. They set a “buy” rating on the stock. Argus set a $110.00 price target on shares of Global Payments and gave the company a “buy” rating in a research report on Thursday, August 6th. Barclays set a $89.00 price objective on shares of Global Payments and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Finally, TD Cowen initiated coverage on shares of Global Payments in a report on Thursday, August 6th. They set a “buy” rating for the company. Ten research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Global Payments presently has an average rating of “Hold” and a consensus price target of $90.92.

Global Payments Price Performance

NYSE GPN opened at $94.33 on Tuesday. The stock has a 50-day simple moving average of $80.31 and a 200 day simple moving average of $74.06. Global Payments Inc. has a twelve month low of $61.16 and a twelve month high of $95.88. The stock has a market capitalization of $24.96 billion, a PE ratio of -31.65, a P/E/G ratio of 0.54 and a beta of 0.74. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.02. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The company’s revenue was up 68.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Research analysts anticipate that Global Payments Inc. will post 13.66 EPS for the current year.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 11th. Global Payments’s dividend payout ratio is currently -33.56%.

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.