Lone Peak Global Investors LLC Has $23.71 Million Stock Position in Global Payments Inc. $GPN

Lone Peak Global Investors LLC grew its holdings in shares of Global Payments Inc. (NYSE:GPN) by 6.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 326,833 shares of the business services provider’s stock after acquiring an additional 18,711 shares during the period. Global Payments comprises 3.3% of Lone Peak Global Investors LLC’s holdings, making the stock its 11th largest holding. Lone Peak Global Investors LLC’s holdings in Global Payments were worth $23,715,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Westpac Banking Corp increased its holdings in Global Payments by 5,795.1% in the fourth quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock valued at $4,426,000 after purchasing an additional 56,212 shares during the period. Gtcr LLC acquired a new position in Global Payments during the 1st quarter worth about $2,911,939,000. LSV Asset Management lifted its holdings in Global Payments by 30.8% during the 4th quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock worth $34,683,000 after buying an additional 105,500 shares during the period. Gradient Investments LLC lifted its holdings in Global Payments by 156.9% during the 2nd quarter. Gradient Investments LLC now owns 45,565 shares of the business services provider’s stock worth $3,306,000 after buying an additional 27,828 shares during the period. Finally, Pzena Investment Management LLC grew its position in shares of Global Payments by 4.6% in the 4th quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock valued at $883,111,000 after buying an additional 500,887 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GPN shares. BMO Capital Markets reissued a “market perform” rating and issued a $83.00 price target on shares of Global Payments in a research note on Thursday, August 6th. Wolfe Research reaffirmed an “outperform” rating and issued a $125.00 price objective (up from $110.00) on shares of Global Payments in a research note on Tuesday, August 25th. HC Wainwright assumed coverage on Global Payments in a report on Thursday, August 6th. They issued a “buy” rating on the stock. UBS Group assumed coverage on shares of Global Payments in a research report on Thursday, August 6th. They set a “buy” rating for the company. Finally, 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. Nine equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $92.52.

Global Payments Stock Performance

Shares of Global Payments stock opened at $90.11 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. The business has a 50-day moving average price of $83.39 and a two-hundred day moving average price of $74.91. Global Payments Inc. has a 1-year low of $61.16 and a 1-year high of $95.88. The company has a market cap of $23.84 billion, a P/E ratio of -30.24, a PEG ratio of 0.49 and a beta of 0.74.

Global Payments (NYSE:GPN) last announced its quarterly earnings data 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. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the previous year, the business earned $3.10 EPS. The firm’s revenue was up 68.6% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, analysts anticipate that Global Payments Inc. will post 13.65 EPS for the current year.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, September 11th. Global Payments’s payout ratio is presently -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.