Global Payments Inc. $GPN Shares Purchased by Moore Capital Management LP

Moore Capital Management LP raised its holdings in shares of Global Payments Inc. (NYSE:GPN) by 52.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 353,600 shares of the business services provider’s stock after buying an additional 122,400 shares during the period. Moore Capital Management LP owned about 0.15% of Global Payments worth $27,369,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DV Equities LLC acquired a new position in Global Payments during the fourth quarter valued at approximately $26,000. True Wealth Design LLC lifted its position in Global Payments by 183.6% during the fourth quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock valued at $33,000 after buying an additional 279 shares in the last quarter. Torren Management LLC acquired a new position in Global Payments during the fourth quarter valued at approximately $34,000. Johnson Financial Group Inc. acquired a new position in Global Payments during the third quarter valued at approximately $35,000. Finally, Hantz Financial Services Inc. lifted 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 valued at $37,000 after buying an additional 223 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on GPN shares. Weiss Ratings cut shares of Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Stephens set a $80.00 target price on shares of Global Payments and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Citigroup reduced their target price on shares of Global Payments from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. The Goldman Sachs Group initiated coverage on shares of Global Payments in a research report on Monday, March 9th. They set a “hold” rating and a $88.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their target price 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. Five analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $84.73.

Global Payments Trading Down 2.9%

NYSE GPN opened at $66.49 on Thursday. The company’s fifty day simple moving average is $69.18 and its 200-day simple moving average is $72.93. Global Payments Inc. has a 52 week low of $61.16 and a 52 week high of $90.64. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86. The stock has a market cap of $18.19 billion, a P/E ratio of -32.59, a PEG ratio of 0.38 and a beta of 0.76.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The business’s revenue for the quarter was up 63.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities research analysts predict that Global Payments Inc. will post 13.88 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 annualized dividend and a yield of 1.5%. Global Payments’s dividend payout ratio is currently -49.02%.

About Global Payments

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.