244,300 Shares in Global Payments Inc. $GPN Acquired by Lakewood Capital Management LP

Lakewood Capital Management LP purchased a new stake in Global Payments Inc. (NYSE:GPN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 244,300 shares of the business services provider’s stock, valued at approximately $17,726,000. Lakewood Capital Management LP owned 0.09% of Global Payments as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Strive Financial Group LLC bought a new stake in Global Payments in the fourth quarter worth approximately $25,000. DV Equities LLC bought a new stake in Global Payments during the 4th quarter worth approximately $26,000. Torren Management LLC purchased a new stake in Global Payments in the 4th quarter valued at $34,000. Western Wealth Management LLC bought a new position in shares of Global Payments during the first quarter valued at about $34,000. Finally, Johnson Financial Group Inc. bought a new stake in Global Payments in the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Performance

Shares of GPN opened at $94.33 on Tuesday. The stock has a market capitalization of $24.96 billion, a price-to-earnings ratio of -31.65, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74. Global Payments Inc. has a 52-week low of $61.16 and a 52-week high of $95.88. The stock’s 50-day simple moving average is $80.31 and its 200 day simple moving average is $74.06. 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 (NYSE:GPN) last posted its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the previous year, the firm posted $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. Research analysts forecast that Global Payments Inc. will post 13.66 EPS for the current fiscal year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis 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%.

Analysts Set New Price Targets

A number of brokerages recently commented on GPN. BTIG Research reiterated a “neutral” rating on shares of Global Payments in a report on Tuesday, June 9th. The Goldman Sachs Group raised their target price on Global Payments from $82.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Robert W. Baird set a $120.00 target price on Global Payments in a research note on Thursday, August 6th. Keefe, Bruyette & Woods boosted their price target on shares of Global Payments from $76.00 to $95.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Finally, Zacks Research lowered shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Global Payments presently has a consensus rating of “Hold” and an average price target of $90.92.

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.