Manning & Napier Advisors LLC Acquires New Shares in Global Payments Inc. $GPN

Manning & Napier Advisors LLC acquired a new stake in Global Payments Inc. (NYSE:GPN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 115,000 shares of the business services provider’s stock, valued at approximately $8,344,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GPN. Gtcr LLC acquired a new stake in Global Payments in the first quarter valued at $2,911,939,000. Pzena Investment Management LLC acquired a new position in shares of Global Payments during the 2nd quarter worth $848,344,000. Norges Bank acquired a new position in shares of Global Payments during the 4th quarter worth $276,014,000. Deutsche Bank AG purchased a new stake in shares of Global Payments in the 2nd quarter worth about $138,781,000. Finally, Davis Asset Management L.P. purchased a new stake in shares of Global Payments in the 2nd quarter worth about $107,752,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Stock Up 0.9%

GPN opened at $94.33 on Tuesday. The firm has a market cap of $24.96 billion, a P/E ratio of -31.65, a PEG ratio of 0.54 and a beta of 0.74. The business’s fifty day simple moving average is $80.31 and its 200 day simple moving average is $74.06. Global Payments Inc. has a 52 week low of $61.16 and a 52 week high of $95.88. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

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 negative net margin of 9.16% and a positive return on equity of 13.80%. The firm’s revenue for the quarter was up 68.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, equities research analysts anticipate that Global Payments Inc. will post 13.66 EPS for the current fiscal year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. Global Payments’s payout ratio is -33.56%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GPN shares. Royal Bank Of Canada raised their target price on shares of Global Payments from $96.00 to $102.00 and gave the company a “sector perform” rating in a report on Wednesday, August 19th. Wall Street Zen downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Wells Fargo & Company lowered their price target on shares of Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. TD Cowen initiated coverage on shares of Global Payments in a research report on Thursday, August 6th. They issued a “buy” rating on the stock. Finally, Stephens set a $80.00 price objective on shares of Global Payments and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Ten 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 MarketBeat.com, Global Payments presently has a consensus rating of “Hold” and a consensus target price of $90.92.

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.