Jupiter Topco LLC Buys Shares of 740,250 Global Payments Inc. $GPN

Jupiter Topco LLC bought a new position in Global Payments Inc. (NYSE:GPN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 740,250 shares of the business services provider’s stock, valued at approximately $53,712,000.

Other hedge funds also recently modified their holdings of the company. Hsbc Holdings PLC bought a new position in shares of Global Payments during the 2nd quarter valued at $65,864,000. Canada Pension Plan Investment Board bought a new stake in Global Payments in the second quarter worth $9,854,000. Lakewood Capital Management LP acquired a new position in Global Payments during the second quarter worth $17,726,000. Legal & General Group Plc acquired a new position in Global Payments during the second quarter worth $120,036,000. Finally, Sone Capital Management LLC bought a new position in Global Payments during the second quarter valued at about $2,563,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on GPN. Wolfe Research reiterated an “outperform” rating and set a $125.00 price target (up from $110.00) on shares of Global Payments in a research note on Tuesday. Weiss Ratings reissued a “sell (d)” rating on shares of Global Payments in a research note on Friday, August 7th. Keefe, Bruyette & Woods boosted their target price on Global Payments from $76.00 to $95.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. UBS Group initiated coverage on Global Payments in a research report on Thursday, August 6th. They set a “buy” rating for the company. Finally, Citigroup reiterated a “buy” rating on shares of Global Payments in a report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $92.36.

Global Payments Trading Down 0.4%

Global Payments stock opened at $92.62 on Friday. Global Payments Inc. has a 52 week low of $61.16 and a 52 week high of $95.88. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $24.51 billion, a PE ratio of -31.08, a PEG ratio of 0.54 and a beta of 0.74. The business’s 50-day simple moving average is $81.86 and its 200-day simple moving average is $74.52.

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