OP Asset Management Ltd Invests $1.73 Million in Global Payments Inc. $GPN

OP Asset Management Ltd purchased a new stake in shares of Global Payments Inc. (NYSE:GPN) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 25,654 shares of the business services provider’s stock, valued at approximately $1,727,000.

Other large investors have also recently modified their holdings of the company. Westpac Banking Corp lifted its stake in shares of 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 worth $4,426,000 after buying an additional 56,212 shares in the last quarter. Moore Capital Management LP increased its position in shares of Global Payments by 13.3% during the third quarter. Moore Capital Management LP now owns 231,200 shares of the business services provider’s stock valued at $19,208,000 after acquiring an additional 27,200 shares in the last quarter. Invenomic Capital Management LP increased its position in shares of Global Payments by 11.1% during the third quarter. Invenomic Capital Management LP now owns 681,094 shares of the business services provider’s stock valued at $56,585,000 after acquiring an additional 68,071 shares in the last quarter. Jain Global LLC purchased a new position in Global Payments in the 3rd quarter worth approximately $10,656,000. Finally, LSV Asset Management raised its holdings in Global Payments by 30.8% in the 4th quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock worth $34,683,000 after acquiring an additional 105,500 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Stock Up 0.2%

Shares of Global Payments stock opened at $69.93 on Monday. Global Payments Inc. has a twelve month low of $61.16 and a twelve month high of $90.64. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. The company’s 50 day moving average is $69.23 and its 200 day moving average is $72.37. The company has a market cap of $19.13 billion, a price-to-earnings ratio of -34.28, a price-to-earnings-growth ratio of 0.39 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 during the quarter, compared to the consensus estimate of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The firm’s revenue was up 63.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Research analysts anticipate that Global Payments Inc. will post 13.86 EPS for the current year.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. Global Payments’s payout ratio is presently -49.02%.

Wall Street Analysts Forecast Growth

GPN has been the topic of several recent analyst reports. Royal Bank Of Canada cut their target price on Global Payments from $97.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 8th. Mizuho decreased their price target on Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. Morgan Stanley initiated coverage on Global Payments in a report on Monday, June 22nd. They set an “equal weight” rating and a $65.00 price target on the stock. Argus dropped their price objective on Global Payments from $100.00 to $95.00 in a research report on Friday, May 8th. Finally, Susquehanna set a $111.00 price objective on Global Payments and gave the stock a “positive” rating in a report on Wednesday, June 3rd. Five investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Global Payments currently has an average rating of “Hold” and an average target price of $83.87.

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.