Ieq Capital LLC Invests $1.65 Million in Global Payments Inc. $GPN

Ieq Capital LLC bought a new stake in Global Payments Inc. (NYSE:GPN) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 22,790 shares of the business services provider’s stock, valued at approximately $1,654,000.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GPN. HC Wainwright started coverage on shares of Global Payments in a research report on Thursday, August 6th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective 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. Citigroup reiterated a “buy” rating on shares of Global Payments in a research note on Thursday, August 6th. Weiss Ratings restated a “sell (d)” rating on shares of Global Payments in a research report on Friday, August 7th. Finally, Barclays set a $89.00 price objective on Global Payments and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Global Payments has a consensus rating of “Hold” and a consensus target price of $92.16.

Global Payments Stock Down 0.6%

GPN stock opened at $93.72 on Wednesday. The stock has a market capitalization of $24.80 billion, a PE ratio of -31.45, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74. The company has a fifty day moving average of $80.81 and a 200-day moving average of $74.23. 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 Inc. has a one year low of $61.16 and a one year high of $95.88.

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

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued 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 (DPR) is currently -33.56%.

Global Payments 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.